Pictet Asset Management Holding SA Buys Shares of 21,440 Genpact Limited (NYSE:G)

Pictet Asset Management Holding SA purchased a new position in Genpact Limited (NYSE:G - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 21,440 shares of the business services provider's stock, valued at approximately $921,000.

Several other hedge funds have also made changes to their positions in the stock. SRH Advisors LLC acquired a new position in Genpact during the 4th quarter valued at about $26,000. Manchester Capital Management LLC bought a new stake in shares of Genpact during the fourth quarter valued at approximately $38,000. Smartleaf Asset Management LLC boosted its position in shares of Genpact by 416.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider's stock worth $41,000 after buying an additional 783 shares during the period. UMB Bank n.a. grew 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 buying an additional 433 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its position in Genpact by 38.8% in the 4th 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 period. Institutional investors own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction that occurred on 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 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.80% of the company's stock.

Genpact Trading Up 1.3 %

G traded up $0.60 during trading on Friday, reaching $47.31. The company had a trading volume of 1,090,083 shares, compared to its average volume of 1,352,211. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. Genpact Limited has a 12-month low of $30.23 and a 12-month high of $56.76. The company has a market cap of $8.31 billion, a price-to-earnings ratio of 16.66, a PEG ratio of 1.84 and a beta of 1.06. The firm's 50-day simple moving average is $51.00 and its 200 day simple moving average is $45.78.

Genpact (NYSE:G - Get Free Report) last released its earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share 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 anticipate that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.44%. This is a boost 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%.

Genpact Company 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.