Lindbrook Capital LLC Raises Holdings in Genpact Limited (NYSE:G)

Lindbrook Capital LLC boosted its stake in Genpact Limited (NYSE:G) by 16.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,020 shares of the business services provider’s stock after buying an additional 416 shares during the quarter. Lindbrook Capital LLC’s holdings in Genpact were worth $105,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of G. FMR LLC lifted its stake in shares of Genpact by 8.1% during the third quarter. FMR LLC now owns 17,644,694 shares of the business services provider’s stock valued at $638,738,000 after buying an additional 1,327,435 shares during the period. Westfield Capital Management Co. LP lifted its stake in shares of Genpact by 18.1% during the 3rd quarter. Westfield Capital Management Co. LP now owns 2,948,433 shares of the business services provider’s stock worth $106,733,000 after purchasing an additional 452,612 shares during the period. Nordea Investment Management AB boosted its holdings in shares of Genpact by 14.8% during the third quarter. Nordea Investment Management AB now owns 2,484,781 shares of the business services provider’s stock worth $91,664,000 after purchasing an additional 321,032 shares during the last quarter. Causeway Capital Management LLC boosted its holdings in shares of Genpact by 7.2% during the third quarter. Causeway Capital Management LLC now owns 2,159,210 shares of the business services provider’s stock worth $78,163,000 after purchasing an additional 144,611 shares during the last quarter. Finally, Northern Trust Corp grew its position in shares of Genpact by 0.4% in the third quarter. Northern Trust Corp now owns 1,251,019 shares of the business services provider’s stock valued at $45,287,000 after purchasing an additional 4,684 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Trading Up 0.3 %

NYSE:G opened at $31.76 on Thursday. The stock has a market cap of $5.73 billion, a price-to-earnings ratio of 9.26, a price-to-earnings-growth ratio of 1.48 and a beta of 1.07. Genpact Limited has a one year low of $29.41 and a one year high of $44.63. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.44 and a current ratio of 1.44. The business’s 50-day simple moving average is $33.27 and its 200 day simple moving average is $34.19.

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

Genpact Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Monday, March 11th were given a $0.153 dividend. This is a positive change from Genpact’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.61 annualized dividend and a dividend yield of 1.93%. Genpact’s dividend payout ratio (DPR) is presently 17.78%.

Analyst Ratings Changes

Several analysts have commented on G shares. Citigroup lowered their price target on Genpact from $36.00 to $33.00 and set a “neutral” rating for the company in a report on Monday. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of Genpact in a report on Friday, February 9th. Mizuho initiated coverage on shares of Genpact in a research note on Tuesday, January 30th. They set a “neutral” rating and a $40.00 price target on the stock. JPMorgan Chase & Co. lifted their price target on shares of Genpact from $42.00 to $43.00 and gave the company an “underweight” rating in a 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 research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $39.78.

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.