Kingsview Wealth Management LLC Has $11.31 Million Stake in Genpact Limited (NYSE:G)

Kingsview Wealth Management LLC grew its position in Genpact Limited (NYSE:G - Free Report) by 2.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 263,431 shares of the business services provider's stock after purchasing an additional 5,216 shares during the period. Kingsview Wealth Management LLC owned about 0.15% of Genpact worth $11,314,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in G. Jensen Investment Management Inc. raised its position in Genpact by 6.4% in the 3rd quarter. Jensen Investment Management Inc. now owns 189,985 shares of the business services provider's stock valued at $7,449,000 after purchasing an additional 11,410 shares during the last quarter. Stifel Financial Corp bought a new position in shares of Genpact in the third quarter valued at about $1,197,000. Blue Trust Inc. raised its holdings in shares of Genpact by 8.7% in the fourth quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider's stock valued at $217,000 after buying an additional 441 shares during the last quarter. Burney Co. lifted its position in Genpact by 242.8% during the 4th quarter. Burney Co. now owns 130,798 shares of the business services provider's stock worth $5,618,000 after buying an additional 92,641 shares in the last quarter. Finally, KBC Group NV bought a new stake in Genpact during the 4th quarter worth about $298,000. Institutional investors own 96.03% of the company's stock.

Insider Activity

In other news, CEO Balkrishan Kalra sold 9,000 shares of the business's stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.40, for a total value of $417,600.00. Following the sale, the chief executive officer now owns 267,404 shares of the company's stock, valued at $12,407,545.60. The trade was a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Piyush Mehta sold 12,000 shares of the firm's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction of $513,960.00. Following the completion of the transaction, the senior vice president now directly owns 151,182 shares of the company's stock, valued at approximately $6,475,125.06. This trade represents a 7.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,058 shares of company stock worth $1,558,675 over the last quarter. 2.80% of the stock is currently owned by company insiders.

Genpact Trading Up 0.6 %

Shares of NYSE G traded up $0.34 during midday trading on Tuesday, reaching $54.78. 2,119,869 shares of the stock were exchanged, compared to its average volume of 1,527,999. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $56.76. The business has a 50-day simple moving average of $45.25 and a two-hundred day simple moving average of $41.55. The company has a market capitalization of $9.66 billion, a price-to-earnings ratio of 19.29, a P/E/G 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 earnings per share (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 expect 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. Shareholders of record on Tuesday, March 11th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.24%. This is a positive change from Genpact's previous quarterly dividend of $0.15. Genpact's payout ratio is presently 21.48%.

Analyst Upgrades and Downgrades

G has been the subject of a number of research reports. TD Cowen raised shares of 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 report on Friday. Needham & Company LLC upped their target price on shares of Genpact from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Friday. Mizuho lifted 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. Robert W. Baird boosted their price target on shares of Genpact from $44.00 to $48.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Finally, Jefferies Financial Group raised shares of Genpact from a "hold" rating to a "buy" rating and raised their price objective for the company from $44.00 to $55.00 in a research note 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 a consensus target price of $48.44.

About Genpact

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.