Genpact Limited (NYSE:G) Shares Acquired by Atria Investments Inc

Atria Investments Inc grew its holdings in Genpact Limited (NYSE:G) by 43.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 30,121 shares of the business services provider’s stock after acquiring an additional 9,192 shares during the quarter. Atria Investments Inc’s holdings in Genpact were worth $1,181,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC lifted its holdings in Genpact by 160.8% in the second quarter. CWM LLC now owns 952 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 587 shares during the period. Versant Capital Management Inc increased its position in shares of 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 in the last quarter. Massmutual Trust Co. FSB ADV increased its position in shares of Genpact by 54.3% in the second quarter. Massmutual Trust Co. FSB ADV now owns 2,797 shares of the business services provider’s stock valued at $90,000 after buying an additional 984 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Genpact by 221.3% in the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after buying an additional 2,293 shares in the last quarter. Finally, Covestor Ltd increased its position in shares of Genpact by 132.8% in the first quarter. Covestor Ltd now owns 4,340 shares of the business services provider’s stock valued at $143,000 after buying an additional 2,476 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have issued reports on G. JPMorgan Chase & Co. upped their target price on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 6th. TD Cowen upped 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. Needham & Company LLC upped their target price on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 11th. Jefferies Financial Group upped their price target on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Finally, Robert W. Baird upped 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 assigned a buy rating to the stock. According to data from MarketBeat, Genpact has an average rating of “Hold” and an average target price of $42.33.

Genpact Stock Performance

Shares of NYSE G opened at $44.79 on Friday. The stock has a fifty day moving average price of $39.74 and a two-hundred day moving average price of $36.06. 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 firm has a market cap of $7.98 billion, a P/E ratio of 12.30, a PEG ratio of 1.63 and a beta of 1.13. Genpact Limited has a 1 year low of $30.23 and a 1 year high of $47.98.

Genpact Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.1525 per share. The ex-dividend date is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.36%. Genpact’s dividend payout ratio is 16.76%.

Genpact 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.