AXQ Capital LP Increases Holdings in Genpact Limited (NYSE:G)

AXQ Capital LP grew its holdings in Genpact Limited (NYSE:G - Free Report) by 60.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,801 shares of the business services provider's stock after buying an additional 9,696 shares during the period. AXQ Capital LP's holdings in Genpact were worth $1,108,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Hillsdale Investment Management Inc. boosted its holdings in Genpact by 3.2% in the 4th quarter. Hillsdale Investment Management Inc. now owns 22,320 shares of the business services provider's stock valued at $959,000 after purchasing an additional 700 shares during the last quarter. Sei Investments Co. boosted its stake in Genpact by 17.9% during the fourth quarter. Sei Investments Co. now owns 163,784 shares of the business services provider's stock worth $7,034,000 after buying an additional 24,870 shares during the period. American Century Companies Inc. increased its position in shares of Genpact by 58.4% during the fourth quarter. American Century Companies Inc. now owns 69,786 shares of the business services provider's stock valued at $2,997,000 after acquiring an additional 25,736 shares during the last quarter. Loudon Investment Management LLC increased its holdings in Genpact by 1.9% in the 4th quarter. Loudon Investment Management LLC now owns 144,065 shares of the business services provider's stock valued at $6,188,000 after purchasing an additional 2,640 shares during the last quarter. Finally, Northwest & Ethical Investments L.P. grew its stake in shares of Genpact by 5.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 304,582 shares of the business services provider's stock valued at $13,082,000 after buying an additional 14,416 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

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Wall Street Analysts Forecast Growth

G has been the subject of several recent research reports. Mizuho raised their price objective 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. Needham & Company LLC upped their price objective on Genpact from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. TD Cowen upgraded Genpact from a "hold" rating to a "buy" rating and lifted their target price for the company from $45.00 to $60.00 in a report on Friday, February 7th. Finally, Jefferies Financial Group upgraded Genpact from a "hold" rating to a "buy" rating and upped their price target for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Genpact currently has a consensus rating of "Hold" and an average target price of $48.44.

Insider Buying and Selling at Genpact

In other Genpact news, SVP Piyush Mehta sold 12,000 shares of Genpact stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $42.83, for a total value of $513,960.00. Following the sale, the senior vice president now owns 151,182 shares of the company's stock, valued at approximately $6,475,125.06. The trade was a 7.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 transaction, 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 position. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Genpact Stock Up 1.1 %

G traded up $0.54 on Tuesday, reaching $50.47. The company's stock had a trading volume of 348,315 shares, compared to its average volume of 1,295,944. The company has a market capitalization of $8.87 billion, a price-to-earnings ratio of 17.77, a P/E/G ratio of 1.84 and a beta of 1.16. Genpact Limited has a fifty-two week low of $30.23 and a fifty-two week high of $56.76. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average of $50.38 and a two-hundred day moving average of $44.78.

Genpact (NYSE:G - Get Free Report) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a return on equity of 22.50% and a net margin of 10.77%. As a group, analysts forecast that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.35%. The ex-dividend date is Tuesday, March 11th. This is a boost from Genpact's previous quarterly dividend of $0.15. Genpact's payout ratio is 23.94%.

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.