Hillsdale Investment Management Inc. Boosts Stock Holdings in Genpact Limited (NYSE:G)

Hillsdale Investment Management Inc. increased its position in shares of Genpact Limited (NYSE:G) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,320 shares of the business services provider’s stock after purchasing an additional 700 shares during the period. Hillsdale Investment Management Inc.’s holdings in Genpact were worth $959,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in G. Caprock Group LLC raised its holdings in Genpact by 31.2% during the third quarter. Caprock Group LLC now owns 9,716 shares of the business services provider’s stock worth $381,000 after purchasing an additional 2,310 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in Genpact by 3.4% during the third quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock worth $270,000 after purchasing an additional 226 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in Genpact during the third quarter worth about $540,000. Cerity Partners LLC raised its holdings in Genpact by 136.4% during the third quarter. Cerity Partners LLC now owns 17,935 shares of the business services provider’s stock worth $703,000 after purchasing an additional 10,349 shares in the last quarter. Finally, Centaurus Financial Inc. purchased a new position in Genpact during the third quarter worth about $159,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $48.89, for a total value of $664,904.00. Following the transaction, the chief executive officer now owns 310,246 shares of the company’s stock, valued at approximately $15,167,926.94. This trade represents a 4.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Piyush Mehta sold 12,000 shares of the firm’s stock in a transaction 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 directly owns 151,182 shares in the company, valued at approximately $6,475,125.06. This represents a 7.35 % decrease in their position. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Genpact Stock Up 0.9 %

G stock opened at $49.90 on Monday. The company’s 50 day simple moving average is $50.27 and its 200-day simple moving average is $44.70. The firm has a market capitalization of $8.77 billion, a PE ratio of 17.57, a P/E/G 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.

Genpact (NYSE:G) last announced its earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share (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%. Equities analysts expect that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Genpact’s previous quarterly dividend of $0.15. Genpact’s dividend payout ratio (DPR) is 23.94%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on G shares. TD Cowen raised shares of Genpact from a “hold” rating to a “buy” rating and increased their target price for the company from $45.00 to $60.00 in a report on Friday, February 7th. Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and increased their target price for the company from $44.00 to $55.00 in a report on Tuesday, January 21st. Needham & Company LLC increased their target price on shares of Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Mizuho increased their target price on shares of Genpact from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target 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.