Quadrant Capital Group LLC Has $361,000 Stake in Genpact Limited (NYSE:G)

Quadrant Capital Group LLC decreased its stake in shares of Genpact Limited (NYSE:G) by 17.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 9,611 shares of the business services provider’s stock after selling 2,087 shares during the period. Quadrant Capital Group LLC’s holdings in Genpact were worth $361,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Parallel Advisors LLC increased its holdings in shares of Genpact by 69.1% during the 2nd quarter. Parallel Advisors LLC now owns 773 shares of the business services provider’s stock valued at $29,000 after acquiring an additional 316 shares during the last quarter. Fred Alger Management LLC increased its holdings in shares of Genpact by 136.7% during the 4th quarter. Fred Alger Management LLC now owns 878 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 507 shares during the last quarter. Clearstead Advisors LLC acquired a new position in shares of Genpact during the 1st quarter valued at about $42,000. State of Wyoming acquired a new position in shares of Genpact during the 4th quarter valued at about $66,000. Finally, Belpointe Asset Management LLC increased its holdings in shares of Genpact by 27.6% during the 1st quarter. Belpointe Asset Management LLC now owns 1,446 shares of the business services provider’s stock valued at $67,000 after acquiring an additional 313 shares during the last quarter. Institutional investors and hedge funds own 96.33% of the company’s stock.

Genpact Price Performance

Shares of G stock opened at $33.94 on Friday. The stock has a 50 day moving average of $35.24 and a two-hundred day moving average of $36.82. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.61. Genpact Limited has a 12 month low of $29.41 and a 12 month high of $48.58. The company has a market capitalization of $6.16 billion, a P/E ratio of 14.63, a P/E/G ratio of 1.59 and a beta of 1.17.

Genpact Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be given a $0.1375 dividend. The ex-dividend date is Thursday, December 7th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.62%. Genpact’s dividend payout ratio is currently 23.71%.

Wall Street Analyst Weigh In

G has been the subject of several recent analyst reports. Deutsche Bank Aktiengesellschaft decreased their target price on Genpact from $48.00 to $37.00 in a research note on Thursday, August 10th. JPMorgan Chase & Co. downgraded Genpact from a “neutral” rating to an “underweight” rating and set a $40.00 target price for the company. in a research note on Tuesday, August 22nd. Citigroup decreased their target price on Genpact from $42.00 to $39.00 in a research note on Thursday, August 10th. BMO Capital Markets decreased their target price on Genpact from $46.00 to $41.00 and set a “market perform” rating for the company in a research note on Thursday, August 10th. Finally, Needham & Company LLC decreased their target price on Genpact from $50.00 to $40.00 and set a “buy” rating for the company in a research note on Thursday, November 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Genpact presently has a consensus rating of “Hold” and an average price target of $40.88.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology (IT) 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 company offers CFO advisory services; and environmental, social, and governance (ESG) services, such as data management, carbon accounting, human rights assessment, sustainability diligence, and ESG reporting.