13,575 Shares in Genpact Limited (NYSE:G) Acquired by Freedom Investment Management Inc.

Freedom Investment Management Inc. purchased a new position in Genpact Limited (NYSE:G - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 13,575 shares of the business services provider's stock, valued at approximately $583,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Stifel Financial Corp bought a new position in shares of Genpact during the third quarter worth about $1,197,000. Blue Trust Inc. raised its stake in Genpact by 8.7% during the fourth quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider's stock valued at $217,000 after buying an additional 441 shares in the last quarter. Burney Co. lifted its holdings in 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 buying an additional 92,641 shares during the last quarter. KBC Group NV acquired a new position in shares of Genpact in the 4th quarter worth approximately $298,000. Finally, JPMorgan Chase & Co. increased its holdings in shares of Genpact by 192.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider's stock valued at $122,701,000 after acquiring an additional 2,060,595 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company's stock.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $48.89, for a total value of $664,904.00. Following the completion of the sale, the chief executive officer now owns 310,246 shares in the company, valued at $15,167,926.94. This represents a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 2.80% of the stock is owned by corporate insiders.

Genpact Stock Performance

Shares of G traded up $0.25 during mid-day trading on Friday, reaching $48.07. 1,003,726 shares of the company's stock traded hands, compared to its average volume of 1,344,548. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. The business's 50-day moving average price is $49.90 and its 200-day moving average price is $46.25. The stock has a market capitalization of $8.44 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. Genpact Limited has a 12 month low of $30.38 and a 12 month high of $56.76.

Genpact (NYSE:G - Get Free Report) last announced its earnings results 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%. Equities analysts predict that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.41%. The ex-dividend date was Tuesday, March 11th. This is a positive change from Genpact's previous quarterly dividend of $0.15. Genpact's dividend payout ratio is currently 23.94%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on G. TD Cowen upgraded Genpact from a "hold" rating to a "buy" rating and raised their price objective for the stock from $45.00 to $60.00 in a research note on Friday, February 7th. Needham & Company LLC lifted their price target on shares of Genpact from $55.00 to $65.00 and gave the company 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 research note on Monday, February 10th. Finally, Jefferies Financial Group upgraded 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. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $50.38.

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.