Hillsdale Investment Management Inc. Raises Position in Genpact Limited $G

Hillsdale Investment Management Inc. lifted its stake in shares of Genpact Limited (NYSE:G) by 21.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 118,020 shares of the business services provider’s stock after acquiring an additional 20,800 shares during the quarter. Hillsdale Investment Management Inc. owned 0.07% of Genpact worth $4,396,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Qsemble Capital Management LP acquired a new stake in Genpact in the 4th quarter valued at about $3,258,000. Mork Capital Management LLC acquired a new position in shares of Genpact during the third quarter worth about $1,257,000. Northstar Advisory Group LLC acquired a new position in shares of Genpact during the fourth quarter worth about $1,548,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Genpact by 145.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 89,835 shares of the business services provider’s stock worth $4,271,000 after buying an additional 53,294 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Genpact by 30.6% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 145,336 shares of the business services provider’s stock worth $6,810,000 after buying an additional 34,039 shares during the period. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Trading Down 2.9%

NYSE:G opened at $29.58 on Wednesday. The company has a market capitalization of $5.01 billion, a PE ratio of 9.07, a P/E/G ratio of 0.86 and a beta of 0.61. Genpact Limited has a 52-week low of $26.85 and a 52-week high of $48.64. The stock’s 50 day moving average price is $30.71 and its 200 day moving average price is $36.91. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.47.

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

Genpact Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were given a $0.1875 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $0.75 annualized dividend and a yield of 2.5%. Genpact’s dividend payout ratio is 23.01%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on G shares. Susquehanna decreased their price target on shares of Genpact from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Robert W. Baird dropped their price objective on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 7th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price objective on shares of Genpact in a report on Friday, May 8th. TD Cowen lowered their target price on shares of Genpact from $47.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 target price on Genpact in a report on Friday. Two analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Genpact has an average rating of “Hold” and a consensus price target of $40.25.

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.