PDS Planning Inc Buys New Position in Genpact Limited (NYSE:G)

PDS Planning Inc bought a new stake in shares of Genpact Limited (NYSE:G) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 6,271 shares of the business services provider’s stock, valued at approximately $218,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Covestor Ltd lifted its position in shares of Genpact by 140.2% in the 3rd quarter. Covestor Ltd now owns 1,549 shares of the business services provider’s stock worth $56,000 after acquiring an additional 904 shares during the period. Buck Wealth Strategies LLC lifted its position in shares of Genpact by 438.3% in the 3rd quarter. Buck Wealth Strategies LLC now owns 1,825 shares of the business services provider’s stock worth $66,000 after acquiring an additional 1,486 shares during the period. Lindbrook Capital LLC lifted its position in shares of Genpact by 32.0% in the 3rd quarter. Lindbrook Capital LLC now owns 2,604 shares of the business services provider’s stock worth $94,000 after acquiring an additional 632 shares during the period. Flynn Zito Capital Management LLC bought a new stake in shares of Genpact in the 4th quarter worth approximately $206,000. Finally, Balentine LLC bought a new stake in shares of Genpact in the 3rd quarter worth approximately $238,000. Institutional investors own 96.03% of the company’s stock.

Genpact Trading Up 0.4 %

Shares of G opened at $31.66 on Wednesday. The company has a market cap of $5.71 billion, a price-to-earnings ratio of 9.23, a PEG ratio of 1.48 and a beta of 1.07. Genpact Limited has a 52-week low of $29.41 and a 52-week high of $44.83. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.44 and a current ratio of 1.44. The stock has a fifty day moving average price of $33.35 and a two-hundred day moving average price of $34.20.

Genpact (NYSE:G) last released its earnings results on Thursday, February 8th. The business services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. Genpact had a return on equity of 23.19% and a net margin of 14.10%. Analysts predict that Genpact Limited will post 2.7 EPS for the current fiscal year.

Genpact Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were paid a dividend of $0.153 per share. The ex-dividend date was Friday, March 8th. This is a boost from Genpact’s previous quarterly dividend of $0.14. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.93%. Genpact’s payout ratio is 17.78%.

Analysts Set New Price Targets

A number of brokerages have commented on G. StockNews.com downgraded Genpact from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 target price on shares of Genpact in a report on Friday, February 9th. Mizuho started coverage on Genpact in a report on Tuesday, January 30th. They issued a “neutral” rating and a $40.00 target price for the company. Citigroup dropped their target price on Genpact from $36.00 to $33.00 and set a “neutral” rating for the company in a report on Monday. Finally, 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. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, Genpact presently has an average rating of “Hold” and a consensus target price of $39.78.

About Genpact

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.