Genpact Limited (NYSE:G) Shares Purchased by Renaissance Technologies LLC

Renaissance Technologies LLC grew its stake in Genpact Limited (NYSE:G - Free Report) by 26.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 155,500 shares of the business services provider's stock after buying an additional 32,651 shares during the quarter. Renaissance Technologies LLC owned approximately 0.09% of Genpact worth $6,679,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in G. Stifel Financial Corp bought a new position in shares of Genpact during the third quarter worth $1,197,000. Blue Trust Inc. increased 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 worth $217,000 after purchasing an additional 441 shares during the last quarter. Burney Co. boosted its stake in Genpact by 242.8% during the fourth quarter. Burney Co. now owns 130,798 shares of the business services provider's stock valued at $5,618,000 after buying an additional 92,641 shares during the last quarter. KBC Group NV bought a new stake in Genpact in the 4th quarter worth approximately $298,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Genpact by 192.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider's stock valued at $122,701,000 after acquiring an additional 2,060,595 shares during the last quarter. Institutional investors own 96.03% of the company's stock.

Genpact Stock Down 1.9 %

G stock traded down $0.91 during trading on Monday, reaching $46.69. 954,409 shares of the company traded hands, compared to its average volume of 1,345,754. The company has a market capitalization of $8.20 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. The business has a 50 day simple moving average of $50.52 and a 200 day simple moving average of $46.13. Genpact Limited has a 12 month low of $30.38 and a 12 month high of $56.76.

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 the consensus estimate of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.50%. On average, equities research analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.46%. The ex-dividend date was Tuesday, March 11th. This is an increase from Genpact's previous quarterly dividend of $0.15. Genpact's payout ratio is presently 23.94%.

Insider Buying and Selling

In other news, CEO Balkrishan Kalra sold 13,600 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $48.89, for a total transaction of $664,904.00. Following the sale, the chief executive officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.80% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of Genpact from a "hold" rating to a "buy" rating and boosted their target price for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Needham & Company LLC increased their price target on Genpact from $55.00 to $65.00 and gave the company a "buy" rating in a report on Friday, February 7th. Mizuho lifted their price objective on shares of Genpact from $45.00 to $55.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Finally, TD Cowen upgraded Genpact from a "hold" rating to a "buy" rating and increased their price target for the stock from $45.00 to $60.00 in a report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $48.44.

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.