Dynamic Technology Lab Private Ltd Makes New Investment in Genpact Limited (NYSE:G)

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Genpact Limited (NYSE:G - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 7,548 shares of the business services provider's stock, valued at approximately $324,000.

A number of other institutional investors have also made changes to their positions in G. Wells Fargo & Company MN increased its holdings in shares of Genpact by 35.4% in the 4th quarter. Wells Fargo & Company MN now owns 16,838 shares of the business services provider's stock valued at $723,000 after acquiring an additional 4,403 shares during the last quarter. Integrated Quantitative Investments LLC bought a new position in shares of Genpact in the 4th quarter worth about $812,000. Atlas Capital Advisors Inc. lifted its position in shares of Genpact by 55.8% in the 4th quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider's stock worth $26,000 after buying an additional 216 shares during the last quarter. ExodusPoint Capital Management LP grew its position in shares of Genpact by 18.0% during the 4th quarter. ExodusPoint Capital Management LP now owns 177,671 shares of the business services provider's stock valued at $7,631,000 after buying an additional 27,044 shares during the last quarter. Finally, OneAscent Financial Services LLC raised its stake in Genpact by 52.9% during the fourth quarter. OneAscent Financial Services LLC now owns 13,085 shares of the business services provider's stock worth $562,000 after acquiring an additional 4,526 shares during the period. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Price Performance

Genpact stock traded up $0.10 during trading hours on Tuesday, hitting $48.11. 159,039 shares of the company traded hands, compared to its average volume of 1,348,076. Genpact Limited has a 1-year low of $30.23 and a 1-year high of $56.76. The firm has a market cap of $8.45 billion, a P/E ratio of 16.91, a P/E/G ratio of 1.84 and a beta of 1.06. The firm's 50-day simple moving average is $50.97 and its two-hundred day simple moving average is $45.89. 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 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%. As a group, analysts forecast that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.68 annualized dividend and a yield of 1.41%. This is a boost from Genpact's previous quarterly dividend of $0.15. Genpact's dividend payout ratio (DPR) is currently 23.94%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on G shares. Needham & Company LLC upped their target price on Genpact from $55.00 to $65.00 and gave the company a "buy" rating in a report on Friday, February 7th. Jefferies Financial Group upgraded Genpact from a "hold" rating to a "buy" rating and upped their price objective for the stock from $44.00 to $55.00 in a research note on Tuesday, January 21st. TD Cowen upgraded Genpact from a "hold" rating to a "buy" rating and raised their target price for the company from $45.00 to $60.00 in a research note on Friday, February 7th. Finally, Mizuho upped their price target on shares of Genpact from $45.00 to $55.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $48.44.

Insider Buying and Selling

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

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.