EP Wealth Advisors LLC Acquires New Position in Genpact Limited (NYSE:G)

EP Wealth Advisors LLC bought a new position in shares of Genpact Limited (NYSE:G) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 7,858 shares of the business services provider’s stock, valued at approximately $308,000.

A number of other large investors have also recently modified their holdings of the business. CWM LLC boosted its stake in shares of Genpact by 160.8% in the 2nd quarter. CWM LLC now owns 952 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 587 shares in the last quarter. Venturi Wealth Management LLC boosted its position in Genpact by 74.6% in the third quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock valued at $103,000 after buying an additional 1,121 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Genpact by 221.3% during the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock worth $131,000 after buying an additional 2,293 shares during the last quarter. Centaurus Financial Inc. acquired a new position in shares of Genpact during the third quarter worth $159,000. Finally, Greenleaf Trust bought a new position in shares of Genpact in the 3rd quarter valued at $210,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.40, for a total transaction of $417,600.00. Following the completion of the sale, the chief executive officer now owns 267,404 shares of the company’s stock, valued at $12,407,545.60. This trade represents a 3.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders own 2.80% of the company’s stock.

Genpact Stock Down 0.1 %

Shares of NYSE G opened at $44.67 on Friday. The company’s 50 day moving average price is $42.38 and its 200-day moving average price is $37.75. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $47.98. The company has a market capitalization of $7.88 billion, a P/E ratio of 12.27, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a $0.1525 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.61 annualized dividend and a yield of 1.37%. Genpact’s payout ratio is 16.76%.

Analyst Ratings Changes

A number of equities analysts have issued reports on G shares. TD Cowen upped their target price on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Robert W. Baird upped their price objective on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Jefferies Financial Group lifted their target price on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Needham & Company LLC upped their price target on shares of Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, JPMorgan Chase & Co. raised their price target on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, Genpact currently has a consensus rating of “Hold” and a consensus target price of $42.33.

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.