Cable Hill Partners LLC Acquires 501 Shares of Genpact Limited (NYSE:G)

Cable Hill Partners LLC raised its holdings in shares of Genpact Limited (NYSE:G) by 7.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,864 shares of the business services provider’s stock after purchasing an additional 501 shares during the quarter. Cable Hill Partners LLC’s holdings in Genpact were worth $269,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Loudon Investment Management LLC raised its stake in shares of Genpact by 9.7% during the third quarter. Loudon Investment Management LLC now owns 141,425 shares of the business services provider’s stock valued at $5,545,000 after acquiring an additional 12,490 shares in the last quarter. Access Investment Management LLC raised its position in Genpact by 44.0% during the 3rd quarter. Access Investment Management LLC now owns 212,875 shares of the business services provider’s stock valued at $8,347,000 after purchasing an additional 65,070 shares in the last quarter. Venturi Wealth Management LLC raised its position in Genpact by 74.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 1,121 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Genpact in the 3rd quarter worth $19,779,000. Finally, Jensen Investment Management Inc. grew its position in shares of Genpact by 6.4% during the 3rd quarter. Jensen Investment Management Inc. now owns 189,985 shares of the business services provider’s stock worth $7,449,000 after buying an additional 11,410 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Genpact Stock Down 1.8 %

Genpact stock opened at $45.09 on Friday. The business has a fifty day moving average price of $39.48 and a 200-day moving average price of $35.86. Genpact Limited has a 1-year low of $30.23 and a 1-year high of $47.98. The stock has a market capitalization of $8.03 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.66 and a beta of 1.13. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.89.

Genpact Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.1525 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.35%. Genpact’s payout ratio is 16.76%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on G shares. Robert W. Baird lifted their price objective on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. upped their price target on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. BMO Capital Markets lifted their price objective on shares of Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Monday, August 12th. Needham & Company LLC boosted their price objective on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Jefferies Financial Group increased their target price on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $42.33.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.