Vanguard Personalized Indexing Management LLC Has $1.06 Million Position in Genpact Limited (NYSE:G)

Vanguard Personalized Indexing Management LLC lifted its stake in shares of Genpact Limited (NYSE:G) by 4.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 30,515 shares of the business services provider’s stock after buying an additional 1,211 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Genpact were worth $1,059,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. FMR LLC increased its position in Genpact by 8.1% during the 3rd quarter. FMR LLC now owns 17,644,694 shares of the business services provider’s stock worth $638,738,000 after buying an additional 1,327,435 shares during the period. Westfield Capital Management Co. LP increased its position in Genpact by 18.1% during the third quarter. Westfield Capital Management Co. LP now owns 2,948,433 shares of the business services provider’s stock worth $106,733,000 after acquiring an additional 452,612 shares during the period. Nordea Investment Management AB increased its position in Genpact by 14.8% during the third quarter. Nordea Investment Management AB now owns 2,484,781 shares of the business services provider’s stock worth $91,664,000 after acquiring an additional 321,032 shares during the period. Dimensional Fund Advisors LP raised its stake in Genpact by 24.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,215,475 shares of the business services provider’s stock worth $76,898,000 after purchasing an additional 432,921 shares in the last quarter. Finally, Causeway Capital Management LLC boosted its holdings in Genpact by 7.2% in the 3rd quarter. Causeway Capital Management LLC now owns 2,159,210 shares of the business services provider’s stock valued at $78,163,000 after purchasing an additional 144,611 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analyst Ratings Changes

G has been the subject of a number of analyst reports. Citigroup dropped their price target on shares of Genpact from $36.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Genpact in a research report on Friday, May 10th. JPMorgan Chase & Co. increased their target price on Genpact from $42.00 to $43.00 and gave the stock an “underweight” rating in a report on Friday, February 9th. Wedbush reaffirmed a “neutral” rating and issued a $35.00 price target on shares of Genpact in a research note on Friday, May 10th. Finally, StockNews.com downgraded shares of Genpact from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Genpact presently has an average rating of “Hold” and a consensus target price of $38.00.

Genpact Stock Down 0.3 %

Shares of G opened at $34.31 on Monday. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 9.80, a PEG ratio of 1.61 and a beta of 1.07. Genpact Limited has a 52 week low of $29.41 and a 52 week high of $39.75. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.44 and a current ratio of 1.54. The stock has a fifty day moving average of $32.30 and a 200-day moving average of $33.87.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Monday, June 10th will be given a dividend of $0.153 per share. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.61 annualized dividend and a yield of 1.78%. Genpact’s dividend payout ratio is presently 17.43%.

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.