Genpact Limited (NYSE:G) Short Interest Up 6.2% in September

Genpact Limited (NYSE:G) saw a large increase in short interest during the month of September. As of September 15th, there was short interest totalling 4,660,000 shares, an increase of 6.2% from the August 31st total of 4,390,000 shares. Currently, 2.9% of the company’s stock are short sold. Based on an average daily trading volume, of 1,160,000 shares, the short-interest ratio is currently 4.0 days.

Genpact Stock Performance

G traded up $0.22 on Tuesday, hitting $39.43. 1,105,367 shares of the company’s stock were exchanged, compared to its average volume of 1,375,042. The firm has a market cap of $7.10 billion, a PE ratio of 11.26, a P/E/G ratio of 1.63 and a beta of 1.13. Genpact has a twelve month low of $29.41 and a twelve month high of $39.95. The stock has a fifty day moving average of $37.36 and a two-hundred day moving average of $34.11. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52.

Genpact (NYSE:G) last announced its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. Genpact had a net margin of 14.12% and a return on equity of 22.28%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. On average, research analysts anticipate that Genpact will post 2.85 earnings per share for the current fiscal year.

Genpact Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th were paid a $0.1525 dividend. The ex-dividend date was Wednesday, September 11th. This represents a $0.61 annualized dividend and a dividend yield of 1.55%. Genpact’s payout ratio is currently 17.43%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on G shares. JPMorgan Chase & Co. upped their price objective on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. TD Cowen upped their price objective on shares of Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a research report on Friday, August 9th. Jefferies Financial Group upped their target price on shares of Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 9th. BMO Capital Markets upped their target price on shares of Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research note on Monday, August 12th. Finally, Needham & Company LLC upped their target price on shares of Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, Genpact currently has a consensus rating of “Hold” and a consensus price target of $38.78.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. lifted its position in Genpact by 21.9% in the first quarter. Russell Investments Group Ltd. now owns 266,100 shares of the business services provider’s stock worth $8,768,000 after purchasing an additional 47,754 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Genpact by 1.3% in the first quarter. Vanguard Group Inc. now owns 17,172,839 shares of the business services provider’s stock valued at $565,845,000 after buying an additional 218,526 shares during the period. Running Oak Capital LLC boosted its stake in Genpact by 19.6% during the first quarter. Running Oak Capital LLC now owns 241,438 shares of the business services provider’s stock valued at $7,955,000 after buying an additional 39,592 shares in the last quarter. Quantbot Technologies LP grew its holdings in Genpact by 30.8% during the first quarter. Quantbot Technologies LP now owns 122,874 shares of the business services provider’s stock worth $4,049,000 after acquiring an additional 28,938 shares during the period. Finally, Duality Advisers LP bought a new stake in Genpact in the first quarter worth about $2,725,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

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.