OneAscent Wealth Management LLC Invests $311,000 in Genpact Limited (NYSE:G)

OneAscent Wealth Management LLC bought a new stake in Genpact Limited (NYSE:G) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 7,941 shares of the business services provider’s stock, valued at approximately $311,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. CWM LLC raised its holdings 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. Versant Capital Management Inc lifted its holdings in Genpact by 4,717.8% during the 2nd quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock worth $70,000 after buying an additional 2,123 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its holdings in shares of Genpact by 54.3% in the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 2,797 shares of the business services provider’s stock valued at $90,000 after acquiring an additional 984 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of Genpact by 74.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after acquiring an additional 1,121 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in 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 purchasing an additional 2,293 shares during the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Trading Down 0.2 %

Shares of G stock opened at $44.69 on Tuesday. The company has a market capitalization of $7.88 billion, a P/E ratio of 12.34, a price-to-earnings-growth ratio of 1.54 and a beta of 1.13. The company has a current ratio of 1.85, a quick ratio of 1.89 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $39.74 and its two-hundred day moving average is $36.10. Genpact Limited has a twelve month low of $30.23 and a twelve month high of $47.98.

Genpact Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.1525 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.61 annualized dividend and a yield of 1.36%. Genpact’s dividend payout ratio is currently 16.76%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on G shares. BMO Capital Markets raised their price objective on shares of Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a report on Monday, August 12th. Needham & Company LLC boosted 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. JPMorgan Chase & Co. raised their price objective on Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Jefferies Financial Group boosted their target price on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 9th. Finally, Robert W. Baird raised their price target on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Genpact has an average rating of “Hold” and an average target price of $42.33.

Genpact Company 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.