Genpact Limited $G Stock Holdings Lowered by Fuller & Thaler Asset Management Inc.

Fuller & Thaler Asset Management Inc. lessened its position in Genpact Limited (NYSE:G) by 1.2% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,839,358 shares of the business services provider’s stock after selling 23,165 shares during the period. Fuller & Thaler Asset Management Inc. owned approximately 1.05% of Genpact worth $92,667,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. grew its stake in shares of Genpact by 20.9% in the first quarter. JPMorgan Chase & Co. now owns 4,111,340 shares of the business services provider’s stock worth $207,129,000 after purchasing an additional 710,704 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Genpact by 5.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,848,449 shares of the business services provider’s stock valued at $165,288,000 after buying an additional 208,759 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new position in Genpact during the 1st quarter valued at about $115,807,000. Tandem Investment Advisors Inc. raised its position in shares of Genpact by 6.6% during the 1st quarter. Tandem Investment Advisors Inc. now owns 2,270,143 shares of the business services provider’s stock worth $114,370,000 after buying an additional 140,228 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Genpact by 5.2% in the 1st quarter. Northern Trust Corp now owns 1,467,849 shares of the business services provider’s stock worth $73,950,000 after acquiring an additional 72,820 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Genpact Price Performance

G stock opened at $43.67 on Monday. Genpact Limited has a one year low of $37.82 and a one year high of $56.76. The firm has a 50-day moving average of $43.95 and a two-hundred day moving average of $46.99. The firm has a market capitalization of $7.61 billion, a PE ratio of 14.51, a P/E/G ratio of 1.53 and a beta of 0.92. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.32.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.88 EPS for the quarter, beating the consensus estimate of $0.85 by $0.03. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. On average, analysts forecast that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, September 11th. Genpact’s dividend payout ratio is currently 22.59%.

Wall Street Analyst Weigh In

A number of research firms recently commented on G. Robert W. Baird lowered their price objective on shares of Genpact from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft started coverage on Genpact in a research note on Thursday, July 17th. They issued a “hold” rating and a $47.00 price objective on the stock. Wall Street Zen raised Genpact from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 6th. Mizuho boosted their price target on shares of Genpact from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 1st. Finally, Needham & Company LLC restated a “buy” rating and set a $53.00 price objective (up previously from $50.00) on shares of Genpact in a research report on Friday, August 8th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Genpact has a consensus rating of “Moderate Buy” and a consensus target price of $51.29.

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.