Convergence Investment Partners LLC Makes New Investment in Genpact Limited (NYSE:G)

Convergence Investment Partners LLC bought a new position in shares of Genpact Limited (NYSE:G) in the fourth quarter, HoldingsChannel reports. The firm bought 17,019 shares of the business services provider’s stock, valued at approximately $731,000.

Several other large investors also recently made changes to their positions in G. SRH Advisors LLC bought a new position in shares of Genpact during the fourth quarter worth about $26,000. Manchester Capital Management LLC bought a new position in shares of Genpact during the 4th quarter worth approximately $38,000. UMB Bank n.a. grew its stake in shares of Genpact by 55.7% during the 4th quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock worth $52,000 after acquiring an additional 433 shares in the last quarter. Venturi Wealth Management LLC grew its stake in shares of Genpact by 74.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after acquiring an additional 1,121 shares in the last quarter. Finally, Versant Capital Management Inc grew its position in Genpact by 17.0% in the fourth quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider’s stock valued at $136,000 after purchasing an additional 461 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Insider Activity at Genpact

In related news, SVP Piyush Mehta sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $42.83, for a total value of $513,960.00. Following the completion of the sale, the senior vice president now directly owns 151,182 shares in the company, valued at approximately $6,475,125.06. The trade was a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Balkrishan Kalra sold 9,000 shares of the business’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.40, for a total value of $417,600.00. Following the completion of the sale, the chief executive officer now owns 267,404 shares of the company’s stock, valued at approximately $12,407,545.60. This trade represents a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,600 shares of company stock worth $1,538,120 in the last ninety days. 2.80% of the stock is owned by company insiders.

Genpact Trading Up 0.6 %

G stock opened at $54.99 on Thursday. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 1.86 and a beta of 1.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85. The company has a fifty day moving average price of $46.63 and a two-hundred day moving average price of $42.51. Genpact Limited has a one year low of $30.23 and a one year high of $56.76.

Genpact (NYSE:G) last announced its earnings results on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a return on equity of 22.50% and a net margin of 10.77%. Equities analysts anticipate that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, March 11th. This is an increase from Genpact’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.24%. Genpact’s payout ratio is 23.94%.

Analyst Upgrades and Downgrades

G has been the subject of a number of analyst reports. TD Cowen raised shares of Genpact from a “hold” rating to a “buy” rating and raised their target price for the company from $45.00 to $60.00 in a research report on Friday, February 7th. Robert W. Baird raised their price target on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Mizuho raised their price target on Genpact from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and raised their target price for the company from $44.00 to $55.00 in a research note on Tuesday, January 21st. Finally, Needham & Company LLC raised their target price on shares of Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $48.44.

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.