Suncoast Equity Management Has $608,000 Stock Holdings in Genpact Limited (NYSE:G)

Suncoast Equity Management increased its position in shares of Genpact Limited (NYSE:G) by 12.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 14,146 shares of the business services provider’s stock after purchasing an additional 1,546 shares during the period. Suncoast Equity Management’s holdings in Genpact were worth $608,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Creative Planning raised its holdings in Genpact by 19.4% during the third quarter. Creative Planning now owns 30,590 shares of the business services provider’s stock worth $1,199,000 after buying an additional 4,976 shares during the last quarter. Sequoia Financial Advisors LLC increased its position in shares of Genpact by 5.8% during the third quarter. Sequoia Financial Advisors LLC now owns 23,315 shares of the business services provider’s stock worth $914,000 after acquiring an additional 1,281 shares in the last quarter. Signaturefd LLC raised its holdings in shares of Genpact by 10.4% in the 3rd quarter. Signaturefd LLC now owns 17,069 shares of the business services provider’s stock worth $669,000 after acquiring an additional 1,611 shares during the last quarter. Lecap Asset Management Ltd. lifted its position in Genpact by 2.1% in the 3rd quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider’s stock valued at $708,000 after acquiring an additional 364 shares in the last quarter. Finally, Greenleaf Trust acquired a new position in Genpact during the 3rd quarter valued at about $210,000. Institutional investors own 96.03% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $44.60, for a total value of $606,560.00. Following the completion of the transaction, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at approximately $11,926,218.40. This trade represents a 4.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Piyush Mehta sold 12,000 shares of Genpact stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction of $513,960.00. Following the completion of the transaction, the senior vice president now owns 151,182 shares of the company’s stock, valued at $6,475,125.06. This represents a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,600 shares of company stock valued at $1,538,120 over the last ninety days. 2.80% of the stock is currently owned by insiders.

Genpact Price Performance

Shares of NYSE:G opened at $54.44 on Friday. The company has a market capitalization of $9.60 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 1.85 and a beta of 1.20. The company’s 50-day moving average is $46.83 and its 200 day moving average is $42.59. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. Genpact Limited has a fifty-two week low of $30.23 and a fifty-two week high of $56.76.

Genpact (NYSE:G) last announced its quarterly earnings data 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%. On average, equities research analysts forecast that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.25%. This is a positive change from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, March 11th. Genpact’s dividend payout ratio is 21.48%.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Jefferies Financial Group raised Genpact from a “hold” rating to a “buy” rating and increased their price objective for the stock from $44.00 to $55.00 in a research note on Tuesday, January 21st. TD Cowen raised Genpact from a “hold” rating to a “buy” rating and increased their price target for the company from $45.00 to $60.00 in a research report on Friday, February 7th. Robert W. Baird lifted their price objective on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Needham & Company LLC upped their target price on shares of Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Finally, Mizuho raised their price target on shares of Genpact from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Genpact presently has a consensus rating of “Hold” and an average target price of $48.44.

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.