Genpact Limited (NYSE:G) Shares Bought by Access Investment Management LLC

Access Investment Management LLC grew its position in shares of Genpact Limited (NYSE:G) by 0.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 213,375 shares of the business services provider’s stock after purchasing an additional 500 shares during the quarter. Genpact accounts for 2.7% of Access Investment Management LLC’s holdings, making the stock its 12th largest holding. Access Investment Management LLC’s holdings in Genpact were worth $9,164,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Jensen Investment Management Inc. lifted its holdings in shares of Genpact by 6.4% during the 3rd quarter. Jensen Investment Management Inc. now owns 189,985 shares of the business services provider’s stock worth $7,449,000 after acquiring an additional 11,410 shares during the period. Stifel Financial Corp purchased a new position in shares of Genpact during the 3rd quarter worth about $1,197,000. Blue Trust Inc. lifted its holdings in shares of Genpact by 8.7% during the 4th quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider’s stock worth $217,000 after acquiring an additional 441 shares during the period. Burney Co. lifted its holdings in shares of Genpact by 242.8% during the 4th quarter. Burney Co. now owns 130,798 shares of the business services provider’s stock worth $5,618,000 after acquiring an additional 92,641 shares during the period. Finally, KBC Group NV purchased a new position in shares of Genpact during the 4th quarter worth about $298,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Trading Down 2.3 %

NYSE G opened at $53.21 on Friday. The firm has a market capitalization of $9.38 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 1.84 and a beta of 1.20. The company’s 50 day moving average price is $47.00 and its 200 day moving average price is $42.81. Genpact Limited has a one year low of $30.23 and a one year high of $56.76. 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 (NYSE:G) last posted its earnings results on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). Genpact had a return on equity of 22.50% and a net margin of 10.77%. On average, sell-side analysts predict that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.17 per share. This is a boost from Genpact’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date of this dividend is Tuesday, March 11th. Genpact’s payout ratio is presently 21.48%.

Insider Transactions at Genpact

In related news, CEO Balkrishan Kalra sold 9,000 shares of Genpact stock in a transaction 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 in the company, valued at approximately $12,407,545.60. The trade was a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Piyush Mehta sold 12,000 shares of Genpact stock in a transaction on Friday, January 10th. The stock was sold at an average price of $42.83, for a total transaction of $513,960.00. Following the completion of the sale, the senior vice president now owns 151,182 shares of the company’s stock, valued at approximately $6,475,125.06. This trade represents a 7.35 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,600 shares of company stock valued at $1,538,120. Corporate insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on G. Needham & Company LLC increased their price objective on shares of Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Mizuho increased their price objective on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Jefferies Financial Group upgraded shares of 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 report on Tuesday, January 21st. TD Cowen upgraded shares of Genpact from a “hold” rating to a “buy” rating and raised their price target for the company from $45.00 to $60.00 in a report on Friday, February 7th. Finally, Robert W. Baird raised their price target on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. 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, the company presently has a consensus 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.