Genpact Limited (NYSE:G) Sees Significant Drop in Short Interest

Genpact Limited (NYSE:G - Get Free Report) was the target of a significant decline in short interest in the month of February. As of February 15th, there was short interest totalling 4,570,000 shares, a decline of 15.5% from the January 31st total of 5,410,000 shares. Currently, 2.8% of the shares of the company are short sold. Based on an average daily volume of 1,570,000 shares, the short-interest ratio is currently 2.9 days.

Insider Transactions at Genpact

In other Genpact news, SVP Piyush Mehta sold 12,000 shares of the stock in a transaction on Friday, January 10th. The shares were sold at an average price of $42.83, for a total value of $513,960.00. Following the completion of the sale, the senior vice president now directly owns 151,182 shares of the company's stock, valued at $6,475,125.06. This represents a 7.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Balkrishan Kalra sold 13,600 shares of the business's stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $44.60, for a total transaction of $606,560.00. Following the transaction, the chief executive officer now owns 267,404 shares in the company, valued at approximately $11,926,218.40. The trade was a 4.84 % decrease in their position. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by corporate insiders.

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Institutional Trading of Genpact

Large investors have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Genpact by 308.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 455,070 shares of the business services provider's stock worth $19,545,000 after purchasing an additional 343,752 shares in the last quarter. Squarepoint Ops LLC raised its position in Genpact by 847.8% in the 4th quarter. Squarepoint Ops LLC now owns 354,549 shares of the business services provider's stock worth $15,228,000 after purchasing an additional 401,962 shares during the last quarter. Teza Capital Management LLC lifted its holdings in Genpact by 405.0% during the 4th quarter. Teza Capital Management LLC now owns 79,623 shares of the business services provider's stock worth $3,420,000 after buying an additional 63,855 shares in the last quarter. State of Wyoming boosted its position in Genpact by 302.7% in the 4th quarter. State of Wyoming now owns 6,536 shares of the business services provider's stock valued at $281,000 after buying an additional 4,913 shares during the last quarter. Finally, Sherbrooke Park Advisers LLC acquired a new stake in shares of Genpact in the 4th quarter valued at $584,000. Institutional investors own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on G shares. Robert W. Baird lifted their price objective on Genpact from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. TD Cowen raised Genpact from a "hold" rating to a "buy" rating and raised their target price for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Needham & Company LLC boosted their price target on shares of Genpact from $55.00 to $65.00 and gave the company a "buy" rating in a report on Friday, February 7th. Mizuho raised their price objective on shares of Genpact from $45.00 to $55.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Finally, Jefferies Financial Group raised shares of Genpact from a "hold" rating to a "buy" rating and upped their target price for the company from $44.00 to $55.00 in a research note on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Genpact presently has an average rating of "Hold" and an average target price of $48.44.

Genpact Price Performance

Shares of Genpact stock traded up $0.65 during mid-day trading on Friday, reaching $51.66. 1,027,453 shares of the stock were exchanged, compared to its average volume of 1,524,703. Genpact has a fifty-two week low of $30.23 and a fifty-two week high of $56.76. The company has a market cap of $9.11 billion, a price-to-earnings ratio of 18.19, a price-to-earnings-growth ratio of 1.84 and a beta of 1.20. The firm has a 50-day simple moving average of $48.91 and a 200 day simple moving average of $43.86. The company has a current ratio of 2.16, a quick ratio of 1.85 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 earnings per share 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%. On average, sell-side analysts predict that Genpact will post 3.21 EPS for the current fiscal year.

Genpact Increases Dividend

The firm also recently disclosed 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 of this dividend is Tuesday, March 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.32%. This is a positive change from Genpact's previous quarterly dividend of $0.15. Genpact's payout ratio is currently 23.94%.

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.