Genpact Limited (NYSE:G) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. grew its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 58.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 69,786 shares of the business services provider's stock after purchasing an additional 25,736 shares during the period. American Century Companies Inc.'s holdings in Genpact were worth $2,997,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. JPMorgan Chase & Co. raised its stake in Genpact by 192.8% in the 3rd 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 during the last quarter. Tandem Investment Advisors Inc. increased its holdings in shares of Genpact by 390.5% in the fourth quarter. Tandem Investment Advisors Inc. now owns 2,129,915 shares of the business services provider's stock valued at $91,480,000 after purchasing an additional 1,695,706 shares during the period. Victory Capital Management Inc. raised its stake in shares of Genpact by 18.1% in the fourth quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider's stock worth $423,205,000 after purchasing an additional 1,511,790 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Genpact by 12.6% during the third quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider's stock worth $148,142,000 after purchasing an additional 413,646 shares during the period. Finally, Swiss National Bank purchased a new stake in Genpact in the fourth quarter valued at approximately $14,298,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Genpact Price Performance

Shares of G stock traded up $0.60 during trading hours on Friday, hitting $47.31. 1,090,083 shares of the company's stock were exchanged, compared to its average volume of 1,352,212. The firm has a 50 day moving average of $51.00 and a two-hundred day moving average of $45.78. Genpact Limited has a fifty-two week low of $30.23 and a fifty-two week high of $56.76. The firm has a market cap of $8.31 billion, a P/E ratio of 16.66, a P/E/G ratio of 1.84 and a beta of 1.06. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.50.

Genpact (NYSE:G - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.82 earnings per share 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%. Sell-side analysts forecast that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.44%. This is a boost from Genpact's previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, March 11th. Genpact's payout ratio is presently 23.94%.

Analyst Ratings Changes

Several research firms have recently commented on G. TD Cowen raised shares of Genpact from a "hold" rating to a "buy" rating and upped their price objective 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 upped their price target for the company from $44.00 to $55.00 in a report on Tuesday, January 21st. Mizuho lifted their price objective on Genpact from $45.00 to $55.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Finally, Needham & Company LLC upped their target price on Genpact from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $48.44.

Insiders Place Their Bets

In other news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction dated Thursday, March 13th. The shares were 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 directly 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 Securities & Exchange Commission, which is available at this link. 2.80% of the stock is owned by company insiders.

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.