Genpact Limited (NYSE:G) Shares Sold by Entropy Technologies LP

Entropy Technologies LP reduced its stake in shares of Genpact Limited (NYSE:G) by 51.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,553 shares of the business services provider’s stock after selling 12,401 shares during the period. Entropy Technologies LP’s holdings in Genpact were worth $453,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of G. CWM LLC lifted its position in shares of Genpact by 160.8% in the 2nd quarter. CWM LLC now owns 952 shares of the business services provider’s stock worth $31,000 after buying an additional 587 shares during the last quarter. Versant Capital Management Inc lifted its stake in Genpact by 4,717.8% in the second quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock valued at $70,000 after buying an additional 2,123 shares during the last quarter. Massmutual Trust Co. FSB ADV grew its position in shares of Genpact by 54.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 2,797 shares of the business services provider’s stock worth $90,000 after acquiring an additional 984 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Genpact by 74.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after acquiring an additional 1,121 shares during the period. Finally, GAMMA Investing LLC lifted its position in Genpact by 221.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 2,293 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Performance

Shares of NYSE G opened at $44.76 on Friday. The firm has a market capitalization of $7.98 billion, a price-to-earnings ratio of 12.30, a PEG ratio of 1.63 and a beta of 1.13. Genpact Limited has a one year low of $30.23 and a one year high of $47.98. The business has a fifty day simple moving average of $39.74 and a 200 day simple moving average of $36.02. The company has a current ratio of 1.85, a quick ratio of 1.89 and a debt-to-equity ratio of 0.50.

Genpact Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders 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 yield of 1.36%. The ex-dividend date is Monday, December 9th. Genpact’s payout ratio is 16.76%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on G. Needham & Company LLC raised their target price on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 11th. BMO Capital Markets increased their price objective on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. TD Cowen increased their target price on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 8th. JPMorgan Chase & Co. lifted their target price on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, Robert W. Baird boosted their price target on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $42.33.

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.