ARGA Investment Management LP Boosts Stock Holdings in Genpact Limited (NYSE:G)

ARGA Investment Management LP increased its stake in shares of Genpact Limited (NYSE:G - Free Report) by 14.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 772,917 shares of the business services provider's stock after purchasing an additional 95,413 shares during the quarter. Genpact accounts for 1.1% of ARGA Investment Management LP's holdings, making the stock its 20th biggest holding. ARGA Investment Management LP owned approximately 0.44% of Genpact worth $33,197,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Advisors Asset Management Inc. boosted its position in shares of Genpact by 3.4% during the third quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider's stock valued at $270,000 after buying an additional 226 shares during the period. Tealwood Asset Management Inc. lifted its holdings in Genpact by 1.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 24,658 shares of the business services provider's stock valued at $1,059,000 after buying an additional 339 shares in the last quarter. Lecap Asset Management Ltd. lifted its holdings in Genpact by 2.1% during the 3rd quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider's stock valued at $708,000 after buying an additional 364 shares in the last quarter. Suncoast Equity Management lifted its holdings in Genpact by 3.1% during the 3rd quarter. Suncoast Equity Management now owns 12,600 shares of the business services provider's stock valued at $494,000 after buying an additional 375 shares in the last quarter. Finally, Sawyer & Company Inc lifted its holdings in Genpact by 1.1% during the 3rd quarter. Sawyer & Company Inc now owns 36,243 shares of the business services provider's stock valued at $1,421,000 after buying an additional 400 shares in the last quarter. Institutional investors own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Genpact from a "hold" rating to a "buy" rating and lifted their price objective for the company from $44.00 to $55.00 in a report on Tuesday, January 21st. Needham & Company LLC raised their price target on Genpact from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Friday. TD Cowen upgraded Genpact from a "hold" rating to a "buy" rating and raised their price target for the company from $45.00 to $60.00 in a research note on Friday. Finally, Robert W. Baird raised their price target on Genpact from $44.00 to $48.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Genpact currently has an average rating of "Hold" and a consensus target price of $47.63.

Insider Activity

In related news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $44.60, for a total value of $606,560.00. Following the transaction, the chief executive officer now owns 267,404 shares in the company, valued at approximately $11,926,218.40. This represents a 4.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Piyush Mehta sold 12,000 shares of the firm'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 transaction of $513,960.00. Following the transaction, the senior vice president now directly owns 151,182 shares of the company's stock, valued at $6,475,125.06. This represents a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 35,058 shares of company stock worth $1,558,675 over the last 90 days. 2.80% of the stock is currently owned by corporate insiders.

Genpact Stock Up 11.3 %

NYSE G traded up $5.58 during midday trading on Friday, hitting $54.98. 4,185,551 shares of the company traded hands, compared to its average volume of 1,341,459. Genpact Limited has a 52 week low of $30.23 and a 52 week high of $56.76. The company's 50-day simple moving average is $45.09 and its 200-day simple moving average is $41.30. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market cap of $9.70 billion, a PE ratio of 19.36, a price-to-earnings-growth ratio of 1.63 and a beta of 1.20.

Genpact (NYSE:G - Get Free Report) last posted its 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 22.61%. As a group, equities research analysts forecast that Genpact Limited will post 3.08 earnings per share 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 dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.24%. This is an increase from Genpact's previous quarterly dividend of $0.15. Genpact's dividend payout ratio is 21.48%.

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.