Genpact Limited (NYSE:G) Shares Purchased by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV boosted its stake in Genpact Limited (NYSE:G) by 18.4% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 50,971 shares of the business services provider’s stock after acquiring an additional 7,911 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in Genpact were worth $1,641,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the stock. UBS Group AG increased its position in Genpact by 3.1% during the 4th quarter. UBS Group AG now owns 518,105 shares of the business services provider’s stock worth $17,983,000 after purchasing an additional 15,770 shares during the period. Wells Fargo & Company MN increased its position in Genpact by 12.6% during the 4th quarter. Wells Fargo & Company MN now owns 231,105 shares of the business services provider’s stock worth $8,022,000 after purchasing an additional 25,835 shares during the period. D.A. Davidson & CO. acquired a new position in Genpact during the 4th quarter worth approximately $393,000. Corient Private Wealth LLC increased its position in Genpact by 46.6% during the 4th quarter. Corient Private Wealth LLC now owns 15,402 shares of the business services provider’s stock worth $535,000 after purchasing an additional 4,899 shares during the period. Finally, Assetmark Inc. increased its position in Genpact by 25.9% during the 4th quarter. Assetmark Inc. now owns 3,652 shares of the business services provider’s stock worth $127,000 after purchasing an additional 751 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analysts Set New Price Targets

G has been the topic of several recent analyst reports. TD Cowen boosted their target price on Genpact from $35.00 to $36.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Jefferies Financial Group boosted their price target on Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Needham & Company LLC boosted their price target on Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. boosted their price target on Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Finally, BMO Capital Markets boosted their price target on Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Monday, August 12th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $38.78.

Genpact Price Performance

G stock opened at $39.01 on Wednesday. Genpact Limited has a 1 year low of $29.41 and a 1 year high of $39.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.89. The stock’s 50 day moving average price is $36.94 and its 200 day moving average price is $33.96. The firm has a market cap of $7.02 billion, a P/E ratio of 11.15, a PEG ratio of 1.62 and a beta of 1.13.

Genpact (NYSE:G) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Genpact had a return on equity of 22.28% and a net margin of 14.12%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. On average, sell-side analysts expect that Genpact Limited will post 2.85 earnings per share for the current fiscal year.

Genpact Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th will be paid a $0.1525 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Wednesday, September 11th. Genpact’s payout ratio is currently 17.43%.

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.