Genpact Limited (NYSE:G) Short Interest Update

Genpact Limited (NYSE:G) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totalling 4,660,000 shares, an increase of 6.2% from the August 31st total of 4,390,000 shares. Approximately 2.9% of the company’s stock are sold short. Based on an average trading volume of 1,160,000 shares, the short-interest ratio is currently 4.0 days.

Genpact Trading Up 0.6 %

Shares of G stock opened at $39.43 on Wednesday. The firm has a market capitalization of $7.10 billion, a P/E ratio of 11.27, a price-to-earnings-growth ratio of 1.63 and a beta of 1.13. Genpact has a 1 year low of $29.41 and a 1 year high of $39.95. The firm’s fifty day simple moving average is $37.36 and its 200 day simple moving average is $34.11. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.05. Genpact had a return on equity of 22.28% and a net margin of 14.12%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. As a group, sell-side analysts predict that Genpact will post 2.85 EPS for the current year.

Genpact Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 25th. Investors of record on Wednesday, September 11th were paid a $0.1525 dividend. The ex-dividend date of this dividend was Wednesday, September 11th. This represents a $0.61 dividend on an annualized basis and a yield of 1.55%. Genpact’s payout ratio is currently 17.43%.

Analysts Set New Price Targets

Several analysts recently commented on the stock. BMO Capital Markets raised their price target 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. TD Cowen lifted their target price on shares of Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a research note on Friday, August 9th. JPMorgan Chase & Co. upped their price target on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Jefferies Financial Group lifted their price objective on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Finally, Needham & Company LLC boosted their target price on Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.78.

Institutional Investors Weigh In On Genpact

Institutional investors have recently added to or reduced their stakes in the stock. CWM LLC increased its position in shares of Genpact by 160.8% during the 2nd quarter. CWM LLC now owns 952 shares of the business services provider’s stock worth $31,000 after purchasing an additional 587 shares in the last quarter. Massmutual Trust Co. FSB ADV raised its stake in shares of Genpact by 120.0% in the first quarter. Massmutual Trust Co. FSB ADV now owns 1,813 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 989 shares during the last quarter. Parallel Advisors LLC boosted its holdings in shares of Genpact by 22.6% in the 4th quarter. Parallel Advisors LLC now owns 1,882 shares of the business services provider’s stock worth $65,000 after acquiring an additional 347 shares in the last quarter. Quarry LP grew its position in Genpact by 530.1% during the 4th quarter. Quarry LP now owns 2,073 shares of the business services provider’s stock worth $72,000 after acquiring an additional 1,744 shares during the last quarter. Finally, Versant Capital Management Inc increased 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 valued at $70,000 after purchasing an additional 2,123 shares in the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

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.