Handelsbanken Fonder AB Has $1.85 Million Stock Position in Genpact Limited (NYSE:G)

Handelsbanken Fonder AB raised its stake in Genpact Limited (NYSE:G) by 12.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 43,000 shares of the business services provider’s stock after buying an additional 4,900 shares during the quarter. Handelsbanken Fonder AB’s holdings in Genpact were worth $1,847,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of G. JPMorgan Chase & Co. grew its position in Genpact by 192.8% in the third quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock worth $122,701,000 after acquiring an additional 2,060,595 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Genpact in the third quarter valued at about $19,779,000. Tandem Investment Advisors Inc. acquired a new stake in shares of Genpact in the third quarter valued at about $17,025,000. Geode Capital Management LLC grew its position in shares of Genpact by 12.6% in the third quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock valued at $148,142,000 after purchasing an additional 413,646 shares during the last quarter. Finally, Empowered Funds LLC grew its position in shares of Genpact by 1,942.3% in the fourth quarter. Empowered Funds LLC now owns 325,379 shares of the business services provider’s stock valued at $13,975,000 after purchasing an additional 309,447 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Needham & Company LLC lifted their target price 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 target price on shares of 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 upgraded shares of Genpact from a “hold” rating to a “buy” rating and lifted their target price for the company from $44.00 to $55.00 in a research note on Tuesday, January 21st. TD Cowen upgraded shares of Genpact from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Finally, Robert W. Baird boosted their price objective on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $48.44.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $44.60, for a total transaction of $606,560.00. Following the completion of the transaction, the chief executive officer now directly owns 267,404 shares in the company, valued at approximately $11,926,218.40. The trade was a 4.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Piyush Mehta sold 12,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were 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 owns 151,182 shares of the company’s stock, 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.

Genpact Stock Performance

Shares of Genpact stock opened at $52.50 on Wednesday. The company has a market capitalization of $9.26 billion, a PE ratio of 18.48, a PEG ratio of 1.84 and a beta of 1.20. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $56.76. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The stock’s fifty day simple moving average is $47.36 and its 200 day simple moving average is $43.13.

Genpact (NYSE:G) last issued its quarterly 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 net margin of 10.77% and a return on equity of 22.50%. On average, research analysts predict that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be issued a $0.17 dividend. This is a boost from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, March 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.30%. Genpact’s dividend payout ratio (DPR) is presently 23.94%.

Genpact 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.