Atom Investors LP Acquires Shares of 43,221 Genpact Limited (NYSE:G)

Atom Investors LP bought a new position in shares of Genpact Limited (NYSE:G) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 43,221 shares of the business services provider’s stock, valued at approximately $1,695,000.

Several other large investors have also recently modified their holdings of the business. ARGA Investment Management LP lifted its stake in shares of Genpact by 29.9% during the 3rd quarter. ARGA Investment Management LP now owns 677,504 shares of the business services provider’s stock valued at $26,565,000 after buying an additional 155,889 shares in the last quarter. PDT Partners LLC purchased a new stake in shares of Genpact during the third quarter worth $830,000. Verition Fund Management LLC boosted its holdings in shares of Genpact by 139.2% in the third quarter. Verition Fund Management LLC now owns 26,268 shares of the business services provider’s stock worth $1,030,000 after acquiring an additional 15,285 shares during the period. Martingale Asset Management L P grew its position in shares of Genpact by 20.5% in the third quarter. Martingale Asset Management L P now owns 151,598 shares of the business services provider’s stock valued at $5,944,000 after purchasing an additional 25,774 shares in the last quarter. Finally, Northwest & Ethical Investments L.P. raised its stake in shares of Genpact by 10.7% during the 3rd quarter. Northwest & Ethical Investments L.P. now owns 290,166 shares of the business services provider’s stock valued at $11,377,000 after purchasing an additional 28,068 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Insider Activity at Genpact

In related news, CEO Balkrishan Kalra sold 9,000 shares of Genpact stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.40, for a total value of $417,600.00. Following the transaction, the chief executive officer now owns 267,404 shares in the company, valued at $12,407,545.60. This trade represents a 3.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Robert W. Baird raised their target price on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. TD Cowen raised their price objective on shares of Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 8th. JPMorgan Chase & Co. upped their target price on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Jefferies Financial Group raised their price target on shares of Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 9th. Finally, Needham & Company LLC upped their price target on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $42.33.

Genpact Stock Up 0.2 %

Shares of NYSE:G opened at $46.27 on Tuesday. The firm has a market capitalization of $8.16 billion, a PE ratio of 12.71, a price-to-earnings-growth ratio of 1.59 and a beta of 1.13. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $47.98. The firm has a fifty day moving average of $41.31 and a 200 day moving average of $37.10.

Genpact Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.1525 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.61 annualized dividend and a dividend yield of 1.32%. Genpact’s dividend payout ratio (DPR) is presently 16.76%.

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.