Globeflex Capital L P Acquires 87,504 Shares of Genpact Limited (NYSE:G)

Globeflex Capital L P grew its holdings in Genpact Limited (NYSE:G - Free Report) by 75.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 203,891 shares of the business services provider's stock after purchasing an additional 87,504 shares during the period. Globeflex Capital L P owned approximately 0.12% of Genpact worth $8,757,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Advisors Asset Management Inc. increased its stake in shares of Genpact by 3.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider's stock valued at $270,000 after purchasing an additional 226 shares during the last quarter. CIBC Asset Management Inc increased its holdings in Genpact by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,692 shares of the business services provider's stock worth $244,000 after purchasing an additional 297 shares in the last quarter. Tealwood Asset Management Inc. increased its holdings in Genpact by 1.4% in the 4th quarter. Tealwood Asset Management Inc. now owns 24,658 shares of the business services provider's stock worth $1,059,000 after purchasing an additional 339 shares in the last quarter. UMB Bank n.a. increased its holdings in Genpact by 55.7% in the 4th quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider's stock worth $52,000 after purchasing an additional 433 shares in the last quarter. Finally, Blue Trust Inc. increased its holdings in Genpact by 8.7% in the 4th 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 in the last quarter. Institutional investors own 96.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on G shares. Mizuho upped their target price on Genpact from $45.00 to $55.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Jefferies Financial Group raised Genpact from a "hold" rating to a "buy" rating and upped their target price for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. TD Cowen raised Genpact from a "hold" rating to a "buy" rating and upped their target price for the stock from $45.00 to $60.00 in a report on Friday, February 7th. Finally, Needham & Company LLC upped their target price on Genpact from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Genpact currently has a consensus rating of "Hold" and a consensus price target of $48.44.

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Insiders Place Their Bets

In other news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was 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 directly owns 310,246 shares of the company's stock, valued at $15,167,926.94. This represents a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Piyush Mehta sold 12,000 shares of the stock in a transaction that occurred on Friday, January 10th. The stock was 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 approximately $6,475,125.06. This trade represents a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company's stock.

Genpact Stock Up 1.6 %

Shares of Genpact stock opened at $50.12 on Friday. Genpact Limited has a one year low of $30.23 and a one year high of $56.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85. The stock's 50-day moving average is $49.57 and its 200 day moving average is $44.23. The firm has a market cap of $8.80 billion, a price-to-earnings ratio of 17.65, a PEG ratio of 1.84 and a beta of 1.16.

Genpact (NYSE:G - Get Free Report) last announced its earnings results 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%. Equities research analysts anticipate that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, March 11th. This represents a $0.68 annualized dividend and a yield of 1.36%. This is a positive change from Genpact's previous quarterly dividend of $0.15. Genpact's dividend payout ratio is presently 23.94%.

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.

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