Schroder Investment Management Group Acquires 170,885 Shares of Genpact Limited (NYSE:G)

Schroder Investment Management Group lifted its position in shares of Genpact Limited (NYSE:G - Free Report) by 152.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 282,811 shares of the business services provider's stock after purchasing an additional 170,885 shares during the period. Schroder Investment Management Group owned about 0.16% of Genpact worth $12,059,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. OneAscent Wealth Management LLC increased its holdings in Genpact by 5.5% in the fourth quarter. OneAscent Wealth Management LLC now owns 8,380 shares of the business services provider's stock valued at $360,000 after purchasing an additional 439 shares during the period. Pictet Asset Management Holding SA acquired a new stake in shares of Genpact in the fourth quarter valued at about $921,000. Norges Bank acquired a new stake in shares of Genpact in the fourth quarter valued at about $90,516,000. JPMorgan Chase & Co. raised its position in shares of Genpact by 8.7% during the fourth quarter. JPMorgan Chase & Co. now owns 3,400,636 shares of the business services provider's stock worth $146,057,000 after acquiring an additional 271,295 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in shares of Genpact by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 16,962,496 shares of the business services provider's stock worth $728,539,000 after acquiring an additional 61,376 shares during the period. Institutional investors and hedge funds own 96.03% of the company's stock.

Genpact Stock Down 3.7 %

Shares of NYSE G traded down $1.74 during trading on Tuesday, hitting $45.05. 1,513,209 shares of the company traded hands, compared to its average volume of 1,350,165. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. The business's fifty day moving average is $51.10 and its 200 day moving average is $45.59. The firm has a market capitalization of $7.91 billion, a price-to-earnings ratio of 15.86, a P/E/G ratio of 1.84 and a beta of 1.06. Genpact Limited has a fifty-two week low of $30.23 and a fifty-two week high of $56.76.

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

Genpact Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were given a $0.17 dividend. The ex-dividend date was Tuesday, March 11th. This represents a $0.68 annualized dividend and a yield of 1.51%. This is an increase from Genpact's previous quarterly dividend of $0.15. Genpact's dividend payout ratio (DPR) is presently 23.94%.

Insider Buying and Selling at Genpact

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

Analyst Ratings Changes

Several research analysts have issued reports on the stock. 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 report on Friday, February 7th. Jefferies Financial Group raised shares of Genpact from a "hold" rating to a "buy" rating and lifted their target price for the stock from $44.00 to $55.00 in a research note on Tuesday, January 21st. Needham & Company LLC upped their price target on shares of Genpact from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Finally, Mizuho lifted their price objective on Genpact from $45.00 to $55.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price 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.