Lecap Asset Management Ltd. Increases Holdings in Genpact Limited (NYSE:G)

Lecap Asset Management Ltd. increased its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 89.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,198 shares of the business services provider's stock after buying an additional 16,139 shares during the quarter. Lecap Asset Management Ltd.'s holdings in Genpact were worth $1,469,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of G. UMB Bank n.a. raised its position in Genpact by 55.7% during the fourth quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider's stock worth $52,000 after acquiring an additional 433 shares in the last quarter. Venturi Wealth Management LLC raised its holdings in Genpact by 74.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider's stock valued at $103,000 after acquiring an additional 1,121 shares during the period. Versant Capital Management Inc lifted its holdings in Genpact by 17.0% during the 4th quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider's stock worth $136,000 after purchasing an additional 461 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Genpact by 221.3% in the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider's stock valued at $131,000 after acquiring an additional 2,293 shares during the period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of Genpact by 22.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,378 shares of the business services provider's stock worth $145,000 after purchasing an additional 619 shares during the period. Institutional investors own 96.03% of the company's stock.

Insider Transactions at Genpact

In related news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction on Friday, December 13th. The shares were sold at an average price of $44.60, for a total value of $606,560.00. Following the transaction, the chief executive officer now owns 267,404 shares in the company, valued at $11,926,218.40. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Piyush Mehta sold 12,000 shares of the business's stock in a transaction dated 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 approximately $6,475,125.06. This trade represents a 7.35 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 35,058 shares of company stock valued at $1,558,675. 2.80% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on G. 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 note on Friday. Robert W. Baird boosted their target price on shares of Genpact from $44.00 to $48.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Mizuho increased their price target on shares of Genpact from $45.00 to $55.00 and gave the stock a "neutral" rating in a research report on Monday. Jefferies Financial Group upgraded shares of Genpact from a "hold" rating to a "buy" rating and boosted their price objective for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. Finally, Needham & Company LLC raised their target price on Genpact from $55.00 to $65.00 and gave the company a "buy" rating in a report on Friday. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $48.44.

Genpact Stock Performance

Shares of G stock traded up $0.34 on Tuesday, hitting $54.78. 2,119,869 shares of the stock were exchanged, compared to its average volume of 1,527,999. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $9.66 billion, a PE ratio of 19.29, a P/E/G ratio of 1.63 and a beta of 1.20. Genpact Limited has a one year low of $30.23 and a one year high of $56.76. The firm's 50 day moving average is $45.25 and its two-hundred day moving average is $41.55.

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 (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a return on equity of 22.61% and a net margin of 10.77%. Sell-side analysts expect that Genpact Limited will post 3.08 earnings per share for the current fiscal year.

Genpact Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date is Tuesday, March 11th. This is an increase from Genpact's previous quarterly dividend of $0.15. Genpact's dividend payout ratio (DPR) is 21.48%.

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.