Genpact Limited (NYSE:G) Stock Position Increased by Geode Capital Management LLC

Geode Capital Management LLC lifted its stake in shares of Genpact Limited (NYSE:G - Free Report) by 3.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,825,344 shares of the business services provider's stock after acquiring an additional 133,938 shares during the period. Geode Capital Management LLC owned 2.17% of Genpact worth $170,175,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in G. SRH Advisors LLC acquired a new stake in shares of Genpact during the fourth quarter worth $26,000. Manchester Capital Management LLC acquired a new stake in Genpact in the 4th quarter worth about $38,000. Smartleaf Asset Management LLC grew its holdings in Genpact by 416.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider's stock valued at $41,000 after buying an additional 783 shares during the period. UMB Bank n.a. increased its stake in shares of Genpact by 55.7% during the 4th quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider's stock valued at $52,000 after acquiring an additional 433 shares during the last quarter. Finally, J.Safra Asset Management Corp lifted its holdings in shares of Genpact by 38.8% during the 4th quarter. J.Safra Asset Management Corp now owns 1,622 shares of the business services provider's stock worth $69,000 after acquiring an additional 453 shares during the period. Hedge funds and other institutional investors own 96.03% of the company's stock.

Genpact Stock Up 1.3 %

NYSE:G traded up $0.60 during mid-day trading on Friday, hitting $47.31. The company had a trading volume of 1,090,083 shares, compared to its average volume of 1,352,212. The business has a fifty day simple moving average of $51.00 and a 200-day simple moving average of $45.78. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 1.84 and a beta of 1.06. Genpact Limited has a 1 year low of $30.23 and a 1 year high of $56.76. 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 (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%. Equities analysts forecast that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.44%. This is a positive change from Genpact's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, March 11th. Genpact's payout ratio is presently 23.94%.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, CEO Balkrishan Kalra sold 13,600 shares of the business's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $48.89, for a total value of $664,904.00. Following the completion of the sale, the chief executive officer now owns 310,246 shares of the company's stock, valued at approximately $15,167,926.94. The trade was a 4.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.80% of the company's stock.

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.