Rice Hall James & Associates LLC Purchases 445,743 Shares of Genpact Limited $G

Rice Hall James & Associates LLC lifted its position in Genpact Limited (NYSE:G) by 172.5% in the first quarter, HoldingsChannel.com reports. The firm owned 704,124 shares of the business services provider’s stock after purchasing an additional 445,743 shares during the quarter. Genpact comprises about 1.5% of Rice Hall James & Associates LLC’s investment portfolio, making the stock its 20th biggest holding. Rice Hall James & Associates LLC’s holdings in Genpact were worth $26,229,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Waverly Advisors LLC increased its stake in Genpact by 88.0% in the 1st quarter. Waverly Advisors LLC now owns 9,235 shares of the business services provider’s stock worth $344,000 after buying an additional 4,322 shares in the last quarter. Morningstar Investment Management LLC raised its holdings in Genpact by 57.4% during the first quarter. Morningstar Investment Management LLC now owns 7,849 shares of the business services provider’s stock valued at $292,000 after acquiring an additional 2,863 shares during the period. Cloverfields Capital Group LP lifted its position in shares of Genpact by 14.2% in the first quarter. Cloverfields Capital Group LP now owns 33,537 shares of the business services provider’s stock valued at $1,249,000 after acquiring an additional 4,159 shares in the last quarter. Bank of Nova Scotia lifted its position in shares of Genpact by 26.3% in the first quarter. Bank of Nova Scotia now owns 11,458 shares of the business services provider’s stock valued at $427,000 after acquiring an additional 2,386 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Genpact by 42.6% in the first quarter. Sei Investments Co. now owns 543,275 shares of the business services provider’s stock worth $20,238,000 after acquiring an additional 162,313 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Trading Up 3.0%

Shares of Genpact stock opened at $31.28 on Friday. Genpact Limited has a twelve month low of $26.85 and a twelve month high of $48.64. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.47. The business has a 50-day moving average price of $30.59 and a 200-day moving average price of $36.05. The firm has a market cap of $5.30 billion, a price-to-earnings ratio of 9.60, a PEG ratio of 0.88 and a beta of 0.61.

Genpact (NYSE:G) last posted its earnings results on Tuesday, March 31st. The business services provider reported $0.98 EPS for the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%.The company had revenue of $1.30 billion for the quarter. Equities research analysts anticipate that Genpact Limited will post 3.64 EPS for the current fiscal year.

Genpact Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 10th. Genpact’s dividend payout ratio is 23.01%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Robert W. Baird cut their target price on Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. Susquehanna lowered their price target on Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. TD Cowen dropped their price target on Genpact from $47.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Mizuho cut their price objective on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of Genpact in a research report on Friday, July 10th. Two investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $40.25.

Genpact Company Profile

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.