Semanteon Capital Management LP Buys Shares of 34,345 Genpact Limited (NYSE:G)

Semanteon Capital Management LP bought a new stake in shares of Genpact Limited (NYSE:G) during the fourth quarter, Holdings Channel reports. The fund bought 34,345 shares of the business services provider’s stock, valued at approximately $1,192,000.

A number of other institutional investors have also added to or reduced their stakes in the business. GAMMA Investing LLC purchased a new position in Genpact during the 4th quarter valued at about $43,000. Marks Group Wealth Management Inc grew its position in shares of Genpact by 3.7% in the 4th 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 last quarter. New York State Common Retirement Fund grew its position in shares of Genpact by 18.6% in the 4th 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 last quarter. PDS Planning Inc purchased a new position in shares of Genpact in the 4th quarter worth approximately $218,000. Finally, California Public Employees Retirement System grew its position in shares of Genpact by 0.3% in the 4th quarter. California Public Employees Retirement System now owns 614,802 shares of the business services provider’s stock worth $21,340,000 after buying an additional 2,108 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Stock Performance

G stock traded down $1.09 during trading on Thursday, reaching $30.67. The company had a trading volume of 3,687,696 shares, compared to its average volume of 1,526,305. The firm has a 50-day simple moving average of $33.17 and a 200-day simple moving average of $34.16. The company has a market cap of $5.53 billion, a price-to-earnings ratio of 8.94, a price-to-earnings-growth ratio of 1.49 and a beta of 1.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.44 and a current ratio of 1.44. Genpact Limited has a twelve month low of $29.41 and a twelve month high of $44.63.

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

Genpact Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Monday, March 11th were paid a dividend of $0.153 per share. This represents a $0.61 annualized dividend and a yield of 2.00%. This is a boost from Genpact’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, March 8th. Genpact’s payout ratio is presently 17.78%.

Analyst Ratings Changes

G has been the topic of a number of analyst reports. Citigroup cut their price objective on shares of Genpact from $36.00 to $33.00 and set a “neutral” rating on the stock in a research report on Monday. StockNews.com downgraded shares of Genpact from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. Mizuho initiated coverage on shares of Genpact in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $40.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Genpact in a research report on Friday, February 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Genpact from $42.00 to $43.00 and gave the stock an “underweight” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target 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.