Versor Investments LP Sells 22,500 Shares of Genpact Limited (NYSE:G)

Versor Investments LP cut its holdings in shares of Genpact Limited (NYSE:G) by 59.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 15,082 shares of the business services provider’s stock after selling 22,500 shares during the period. Versor Investments LP’s holdings in Genpact were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital International Investors raised its holdings in shares of Genpact by 51.8% during the first quarter. Capital International Investors now owns 3,086,957 shares of the business services provider’s stock worth $101,715,000 after acquiring an additional 1,053,236 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Genpact by 34.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock valued at $107,065,000 after purchasing an additional 847,249 shares during the period. Pzena Investment Management LLC lifted its holdings in shares of Genpact by 130.3% in the second quarter. Pzena Investment Management LLC now owns 1,163,870 shares of the business services provider’s stock valued at $37,465,000 after purchasing an additional 658,560 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Genpact during the third quarter worth about $19,779,000. Finally, Tandem Investment Advisors Inc. bought a new position in shares of Genpact during the third quarter worth about $17,025,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. TD Cowen boosted their target price on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, November 8th. BMO Capital Markets increased their target price on shares of Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Monday, August 12th. Jefferies Financial Group lifted their price target 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. Robert W. Baird boosted their price target on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. raised their price objective on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $42.33.

Genpact Trading Down 1.6 %

Genpact stock opened at $45.91 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.89 and a current ratio of 1.85. The stock has a 50-day simple moving average of $39.48 and a 200 day simple moving average of $35.86. The stock has a market capitalization of $8.18 billion, a P/E ratio of 12.61, a PEG ratio of 1.66 and a beta of 1.13. Genpact Limited has a 52 week low of $30.23 and a 52 week high of $47.98.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Monday, December 9th. Genpact’s payout ratio is presently 16.76%.

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.