Proficio Capital Partners LLC Takes $983,000 Position in Genpact Limited (NYSE:G)

Proficio Capital Partners LLC bought a new stake in shares of Genpact Limited (NYSE:G - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 22,892 shares of the business services provider's stock, valued at approximately $983,000.

Other large investors have also modified their holdings of the company. SRH Advisors LLC bought a new stake in Genpact during the fourth quarter valued at about $26,000. Manchester Capital Management LLC purchased a new stake in shares of Genpact during the fourth quarter valued at about $38,000. Smartleaf Asset Management LLC boosted its holdings in shares of Genpact by 416.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider's stock valued at $41,000 after buying an additional 783 shares in the last quarter. UMB Bank n.a. grew its position in shares of 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 during the last quarter. Finally, J.Safra Asset Management Corp raised its stake in shares of Genpact by 38.8% during the 4th quarter. J.Safra Asset Management Corp now owns 1,622 shares of the business services provider's stock worth $69,000 after acquiring an additional 453 shares in the last quarter. Institutional investors own 96.03% of the company's stock.

Genpact Stock Performance

NYSE:G traded up $0.62 during midday trading on Tuesday, hitting $50.55. The company's stock had a trading volume of 1,420,107 shares, compared to its average volume of 1,295,944. 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 Limited has a fifty-two week low of $30.23 and a fifty-two week high of $56.76. The firm's 50 day moving average is $50.38 and its 200-day moving average is $44.78. The firm has a market cap of $8.88 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.84 and a beta of 1.16.

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Genpact (NYSE:G - Get Free Report) last released its quarterly earnings data 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 return on equity of 22.50% and a net margin of 10.77%. Equities analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be paid a $0.17 dividend. This is an increase from Genpact's previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.35%. Genpact's dividend payout ratio is presently 23.94%.

Insider Buying and Selling

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction 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 transaction, the chief executive officer now owns 310,246 shares of the company's stock, valued at approximately $15,167,926.94. The trade was a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Piyush Mehta sold 12,000 shares of the stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.83, for a total transaction of $513,960.00. Following the sale, the senior vice president now directly owns 151,182 shares in the company, valued at approximately $6,475,125.06. The trade was a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.