Sit Investment Associates Inc. Has $9.46 Million Stake in Genpact Limited $G

Sit Investment Associates Inc. boosted its holdings in Genpact Limited (NYSE:G) by 17.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 202,150 shares of the business services provider’s stock after purchasing an additional 30,280 shares during the period. Sit Investment Associates Inc. owned about 0.12% of Genpact worth $9,457,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in G. iSAM Funds UK Ltd bought a new stake in Genpact during the 3rd quarter worth about $29,000. Johnson Financial Group Inc. acquired a new position in shares of Genpact during the 3rd quarter worth about $29,000. V Square Quantitative Management LLC bought a new position in shares of Genpact in the 4th quarter valued at about $30,000. Shell Asset Management Co. acquired a new stake in shares of Genpact in the third quarter valued at about $33,000. Finally, Larson Financial Group LLC increased its position in shares of Genpact by 428.4% in the fourth quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock valued at $33,000 after acquiring an additional 574 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Citigroup dropped their target price on Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target on shares of Genpact in a research note on Friday, May 8th. Robert W. Baird lowered their price target on Genpact from $54.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Susquehanna dropped their price objective on Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Finally, Mizuho cut their price objective on Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, May 11th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Genpact currently has an average rating of “Hold” and an average price target of $43.29.

Genpact Trading Down 6.9%

Genpact stock opened at $28.22 on Friday. The stock has a 50-day simple moving average of $33.08 and a 200 day simple moving average of $39.19. The stock has a market capitalization of $4.78 billion, a P/E ratio of 8.66, a PEG ratio of 0.86 and a beta of 0.58. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.69. Genpact Limited has a 52 week low of $27.36 and a 52 week high of $48.64.

Genpact (NYSE:G) last released its quarterly earnings data on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (EPS) for the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%.The firm had revenue of $1.30 billion for the quarter. Analysts expect that Genpact Limited will post 3.64 earnings per share for the current year.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be issued a dividend of $0.1875 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.7%. Genpact’s payout ratio is presently 23.01%.

About Genpact

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.