Empowered Funds LLC increased its stake in shares of Genpact Limited (NYSE:G - Free Report) by 1,942.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 325,379 shares of the business services provider's stock after acquiring an additional 309,447 shares during the quarter. Empowered Funds LLC owned about 0.18% of Genpact worth $13,975,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Advisors Asset Management Inc. increased its holdings in Genpact by 3.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider's stock valued at $270,000 after acquiring an additional 226 shares in the last quarter. Tealwood Asset Management Inc. increased its stake 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 worth $1,059,000 after buying an additional 339 shares during the period. Lecap Asset Management Ltd. grew its position in shares of Genpact by 2.1% during the third quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider's stock worth $708,000 after buying an additional 364 shares in the last quarter. Suncoast Equity Management grew its position in shares of Genpact by 3.1% in the 3rd quarter. Suncoast Equity Management now owns 12,600 shares of the business services provider's stock worth $494,000 after acquiring an additional 375 shares in the last quarter. Finally, Sawyer & Company Inc lifted its holdings in Genpact by 1.1% in the third quarter. Sawyer & Company Inc now owns 36,243 shares of the business services provider's stock worth $1,421,000 after acquiring an additional 400 shares during the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.
Genpact Trading Up 0.6 %
G stock traded up $0.34 during mid-day trading on Tuesday, reaching $54.78. The company's stock had a trading volume of 2,119,869 shares, compared to its average volume of 1,527,998. The company has a market cap of $9.66 billion, a price-to-earnings ratio of 19.29, a price-to-earnings-growth ratio of 1.63 and a beta of 1.20. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $56.76. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The business's 50 day moving average price is $45.25 and its 200 day moving average price is $41.55.
Genpact (NYSE:G - Get Free Report) last issued 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 return on equity of 22.61% and a net margin of 10.77%. On average, equities research analysts predict that Genpact Limited will post 3.08 EPS for the current year.
Genpact Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, March 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.24%. This is a positive change from Genpact's previous quarterly dividend of $0.15. Genpact's dividend payout ratio (DPR) is presently 21.48%.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on G. Needham & Company LLC upped their price objective on shares of Genpact from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Friday. Robert W. Baird boosted their target price on shares of Genpact from $44.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. Jefferies Financial Group raised Genpact from a "hold" rating to a "buy" rating and lifted their price target for the stock from $44.00 to $55.00 in a research report on Tuesday, January 21st. Mizuho upped their target price on Genpact from $45.00 to $55.00 and gave the company a "neutral" rating in a research note on Monday. Finally, TD Cowen upgraded shares of Genpact from a "hold" rating to a "buy" rating and boosted their target price for the company from $45.00 to $60.00 in a research note on Friday. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, Genpact has an average rating of "Hold" and an average target price of $48.44.
View Our Latest Stock Analysis on Genpact
Insider Activity at Genpact
In related news, CEO Balkrishan Kalra sold 9,000 shares of the business's stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.40, for a total value of $417,600.00. Following the completion of the sale, the chief executive officer now owns 267,404 shares in the company, valued at $12,407,545.60. The trade was a 3.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Piyush Mehta sold 12,000 shares of the business'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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,058 shares of company stock worth $1,558,675. Company insiders own 2.80% of the company's stock.
About Genpact
(
Free Report)
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.
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