2,107,481 Shares in Genpact Limited (NYSE:G) Purchased by Norges Bank

Norges Bank bought a new position in shares of Genpact Limited (NYSE:G - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 2,107,481 shares of the business services provider's stock, valued at approximately $90,516,000. Norges Bank owned approximately 1.19% of Genpact at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. CIBC Asset Management Inc boosted its holdings in Genpact by 5.5% during the fourth 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 during the last quarter. Tealwood Asset Management Inc. lifted its position in Genpact by 1.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 24,658 shares of the business services provider's stock worth $1,059,000 after buying an additional 339 shares in the last quarter. UMB Bank n.a. boosted 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 worth $52,000 after buying an additional 433 shares during the last quarter. Blue Trust Inc. grew its holdings in shares of Genpact by 8.7% in the 4th quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider's stock valued at $217,000 after acquiring an additional 441 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its position in shares of Genpact by 38.8% in the fourth quarter. J.Safra Asset Management Corp now owns 1,622 shares of the business services provider's stock valued at $69,000 after acquiring an additional 453 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Analyst Upgrades and Downgrades

G has been the subject of a number of analyst reports. Jefferies Financial Group upgraded Genpact from a "hold" rating to a "buy" rating and raised their price target for the company from $44.00 to $55.00 in a research note on Tuesday, January 21st. Needham & Company LLC raised 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. Mizuho upped 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, February 10th. Finally, TD Cowen upgraded shares of Genpact from a "hold" rating to a "buy" rating and increased their price target for the company from $45.00 to $60.00 in a research note on Friday, February 7th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $48.44.

Genpact Stock Performance

G stock traded down $0.32 during midday trading on Monday, reaching $46.76. 1,845,166 shares of the company were exchanged, compared to its average volume of 1,348,986. Genpact Limited has a one year low of $30.23 and a one year high of $56.76. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. The business has a 50-day moving average price of $51.21 and a two-hundred day moving average price of $45.55. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85.

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 return on equity of 22.50% and a net margin of 10.77%. Equities research analysts forecast that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were given a $0.17 dividend. This is an increase from Genpact's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.45%. Genpact's dividend payout ratio is presently 23.94%.

Insider Transactions at Genpact

In other Genpact news, SVP Piyush Mehta sold 12,000 shares of Genpact 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 owns 151,182 shares in the company, valued at $6,475,125.06. The trade was a 7.35 % 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, 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 transaction, the chief executive officer now owns 310,246 shares in the company, valued at approximately $15,167,926.94. The trade was a 4.20 % decrease in their position. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.

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.