OneAscent Financial Services LLC Increases Stock Holdings in Genpact Limited (NYSE:G)

OneAscent Financial Services LLC increased its holdings in Genpact Limited (NYSE:G) by 19.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,559 shares of the business services provider’s stock after acquiring an additional 1,370 shares during the quarter. OneAscent Financial Services LLC’s holdings in Genpact were worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Lecap Asset Management Ltd. raised its holdings in Genpact by 2.1% in the third quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider’s stock worth $708,000 after purchasing an additional 364 shares in the last quarter. Suncoast Equity Management increased its holdings in shares of Genpact by 3.1% during the third quarter. Suncoast Equity Management now owns 12,600 shares of the business services provider’s stock valued at $494,000 after acquiring an additional 375 shares in the last quarter. Sawyer & Company Inc increased its holdings in shares of Genpact by 1.1% during the third quarter. Sawyer & Company Inc now owns 36,243 shares of the business services provider’s stock valued at $1,421,000 after acquiring an additional 400 shares in the last quarter. Cloverfields Capital Group LP increased its holdings in shares of Genpact by 1.5% during the first quarter. Cloverfields Capital Group LP now owns 28,950 shares of the business services provider’s stock valued at $954,000 after acquiring an additional 416 shares in the last quarter. Finally, United Services Automobile Association increased its holdings in shares of Genpact by 3.3% during the second quarter. United Services Automobile Association now owns 13,388 shares of the business services provider’s stock valued at $431,000 after acquiring an additional 433 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Robert W. Baird raised their price target on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. TD Cowen raised their price target on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 8th. Needham & Company LLC increased their price objective on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 11th. BMO Capital Markets increased their price objective on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. Finally, JPMorgan Chase & Co. increased their price objective on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research report 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.com, the company presently has an average rating of “Hold” and an average price target of $42.33.

Genpact Stock Down 0.2 %

G stock opened at $44.69 on Tuesday. The business’s 50-day moving average price is $39.74 and its 200-day moving average price is $36.10. The stock has a market cap of $7.88 billion, a P/E ratio of 12.28, a PEG ratio of 1.55 and a beta of 1.13. Genpact Limited has a twelve month low of $30.23 and a twelve month high of $47.98. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend is Monday, December 9th. Genpact’s dividend payout ratio (DPR) is presently 16.76%.

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.