Genpact Limited (NYSE:G) Shares Acquired by Jensen Investment Management Inc.

Jensen Investment Management Inc. lifted its position in shares of Genpact Limited (NYSE:G) by 2.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 195,485 shares of the business services provider’s stock after buying an additional 5,500 shares during the quarter. Jensen Investment Management Inc.’s holdings in Genpact were worth $8,396,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Corient Private Wealth LLC increased its position in Genpact by 8.3% during the 4th quarter. Corient Private Wealth LLC now owns 25,599 shares of the business services provider’s stock worth $1,099,000 after purchasing an additional 1,966 shares in the last quarter. Globeflex Capital L P increased its position in Genpact by 75.2% during the 4th quarter. Globeflex Capital L P now owns 203,891 shares of the business services provider’s stock worth $8,757,000 after purchasing an additional 87,504 shares in the last quarter. Swiss National Bank purchased a new stake in Genpact during the 4th quarter worth about $14,298,000. Farther Finance Advisors LLC increased its position in Genpact by 4.7% during the 4th quarter. Farther Finance Advisors LLC now owns 13,030 shares of the business services provider’s stock worth $560,000 after purchasing an additional 583 shares in the last quarter. Finally, HighTower Advisors LLC increased its position in Genpact by 112.2% during the 4th quarter. HighTower Advisors LLC now owns 12,573 shares of the business services provider’s stock worth $540,000 after purchasing an additional 6,647 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on G. TD Cowen upgraded Genpact from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Needham & Company LLC lifted their price objective on Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Mizuho lifted their price target on Genpact from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Finally, Jefferies Financial Group upgraded Genpact from a “hold” rating to a “buy” rating and lifted their price target for the company from $44.00 to $55.00 in a report on Tuesday, January 21st. Six 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 an average target price of $48.44.

Genpact Stock Up 1.6 %

G opened at $50.12 on Monday. The stock has a market capitalization of $8.80 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 1.84 and a beta of 1.16. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $56.76. 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 business has a 50-day moving average of $49.57 and a two-hundred day moving average of $44.30.

Genpact (NYSE:G) last released its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.50%. On average, research analysts expect 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. Stockholders of record on Tuesday, March 11th will be paid a $0.17 dividend. This is a positive change from Genpact’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Tuesday, March 11th. Genpact’s payout ratio is currently 23.94%.

Insider Activity

In related news, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $48.89, for a total transaction of $664,904.00. Following the transaction, the chief executive officer now directly owns 310,246 shares of the company’s stock, valued at approximately $15,167,926.94. The trade was a 4.20 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 transaction, the senior vice president now directly owns 151,182 shares in the company, valued at $6,475,125.06. This trade represents a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.

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.