Genpact Limited (NYSE:G) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its position in Genpact Limited (NYSE:G) by 12.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 218,346 shares of the business services provider’s stock after acquiring an additional 24,259 shares during the quarter. Russell Investments Group Ltd. owned 0.12% of Genpact worth $7,579,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Truist Financial Corp raised its stake in shares of Genpact by 162.9% in the 4th quarter. Truist Financial Corp now owns 921,160 shares of the business services provider’s stock valued at $31,973,000 after acquiring an additional 570,760 shares during the period. Semanteon Capital Management LP purchased a new position in Genpact in the fourth quarter valued at about $1,192,000. GAMMA Investing LLC acquired a new position in shares of Genpact during the fourth quarter worth about $43,000. Marks Group Wealth Management Inc boosted its position in shares of Genpact by 3.7% in the fourth quarter. Marks Group Wealth Management Inc now owns 154,683 shares of the business services provider’s stock worth $5,369,000 after buying an additional 5,545 shares during the period. Finally, New York State Common Retirement Fund boosted its position in shares of Genpact by 18.6% in the fourth quarter. New York State Common Retirement Fund now owns 447,766 shares of the business services provider’s stock worth $15,542,000 after buying an additional 70,172 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Stock Up 0.7 %

Shares of Genpact stock opened at $32.51 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The business has a 50-day moving average price of $32.43 and a 200 day moving average price of $33.86. Genpact Limited has a fifty-two week low of $29.41 and a fifty-two week high of $40.15. The firm has a market cap of $5.86 billion, a P/E ratio of 9.48, a P/E/G ratio of 1.47 and a beta of 1.07.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. Genpact had a return on equity of 23.19% and a net margin of 14.10%. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. On average, sell-side analysts forecast that Genpact Limited will post 2.7 earnings per share for the current fiscal year.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Shareholders of record on Monday, June 10th will be paid a dividend of $0.153 per share. This represents a $0.61 annualized dividend and a yield of 1.88%. The ex-dividend date is Monday, June 10th. Genpact’s payout ratio is currently 17.78%.

Analysts Set New Price Targets

A number of research firms have weighed in on G. Citigroup decreased their price target on Genpact from $36.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of Genpact in a report on Friday, February 9th. Mizuho assumed coverage on shares of Genpact in a report on Tuesday, January 30th. They issued a “neutral” rating and a $40.00 price objective on the stock. JPMorgan Chase & Co. lifted their target price on Genpact from $42.00 to $43.00 and gave the stock an “underweight” rating in a research report on Friday, February 9th. Finally, StockNews.com downgraded Genpact from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned 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 $39.78.

About Genpact

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.