Hancock Whitney Corp Acquires New Shares in Genpact Limited (NYSE:G)

Hancock Whitney Corp bought a new position in shares of Genpact Limited (NYSE:G - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,956 shares of the business services provider's stock, valued at approximately $642,000.

Other institutional investors also recently bought and sold shares of the company. Coppell Advisory Solutions LLC boosted its holdings in shares of Genpact by 529.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock worth $25,000 after buying an additional 503 shares during the period. SRH Advisors LLC bought a new stake in Genpact during the fourth quarter valued at about $26,000. Atlas Capital Advisors Inc. boosted its holdings in Genpact by 55.8% during the fourth quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider's stock valued at $26,000 after acquiring an additional 216 shares during the period. GeoWealth Management LLC grew its position in shares of Genpact by 199.0% in the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock valued at $38,000 after purchasing an additional 583 shares during the last quarter. Finally, Manchester Capital Management LLC acquired a new position in shares of Genpact during the 4th quarter worth about $38,000. 96.03% of the stock is currently owned by institutional investors.

Genpact Trading Up 0.5 %

Shares of Genpact stock opened at $48.07 on Friday. Genpact Limited has a 52-week low of $30.38 and a 52-week high of $56.76. The firm has a market capitalization of $8.44 billion, a PE ratio of 16.93, 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 current ratio of 2.16 and a quick ratio of 1.85. The company's fifty day moving average price is $49.76 and its two-hundred day moving average price is $46.32.

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 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%. On average, analysts expect that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.41%. This is a boost from Genpact's previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, March 11th. Genpact's dividend payout ratio is 23.94%.

Analyst Upgrades and Downgrades

G has been the topic of a number of research analyst reports. Jefferies Financial Group raised Genpact from a "hold" rating to a "buy" rating and raised their target price for the company from $44.00 to $55.00 in a report on Tuesday, January 21st. Mizuho raised 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. 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 note on Friday, February 7th. Finally, TD Cowen upgraded shares of Genpact from a "hold" rating to a "buy" rating and raised their price target for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $50.38.

Insiders Place Their Bets

In related 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 transaction of $664,904.00. Following the sale, the chief executive officer now directly owns 310,246 shares in the company, valued at $15,167,926.94. This represents a 4.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.80% of the company's stock.

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.

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