5,538 Shares in Genpact Limited (NYSE:G) Acquired by SG Americas Securities LLC

SG Americas Securities LLC acquired a new position in 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 (SEC). The fund acquired 5,538 shares of the business services provider's stock, valued at approximately $238,000.

Other large investors also recently made changes to their positions in the company. Franklin Resources Inc. raised its position in Genpact by 6.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,148,185 shares of the business services provider's stock worth $162,318,000 after purchasing an additional 252,674 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Genpact by 12.6% during the third quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider's stock worth $148,142,000 after acquiring an additional 413,646 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Genpact by 192.8% during the third quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider's stock valued at $122,701,000 after acquiring an additional 2,060,595 shares during the period. ARGA Investment Management LP boosted its holdings in Genpact by 29.9% in the third quarter. ARGA Investment Management LP now owns 677,504 shares of the business services provider's stock valued at $26,565,000 after acquiring an additional 155,889 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in Genpact in the third quarter worth about $19,779,000. Institutional investors own 96.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Mizuho increased their price target on Genpact from $45.00 to $55.00 and gave the company a "neutral" rating in a research note on Monday. Robert W. Baird increased their target price on Genpact from $44.00 to $48.00 and gave the company a "neutral" rating in a research note on Friday, November 8th. Jefferies Financial Group upgraded Genpact from a "hold" rating to a "buy" rating and boosted their target price for the stock 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 objective for the company from $45.00 to $60.00 in a report on Friday. Finally, Needham & Company LLC upped 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. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $48.44.

Insider Buying and Selling

In related news, SVP Piyush Mehta sold 12,000 shares of the stock in a transaction that occurred on 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 transaction, the senior vice president now owns 151,182 shares of the company's stock, valued at $6,475,125.06. This represents a 7.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Balkrishan Kalra sold 9,000 shares of the company's stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.40, for a total value of $417,600.00. Following the completion of the sale, the chief executive officer now owns 267,404 shares in the company, valued at $12,407,545.60. The trade was a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 35,058 shares of company stock valued at $1,558,675. 2.80% of the stock is owned by company insiders.

Genpact Stock Performance

Shares of G traded down $0.58 during mid-day trading on Monday, reaching $54.37. The company's stock had a trading volume of 2,640,296 shares, compared to its average volume of 1,505,227. 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 stock has a market cap of $9.59 billion, a P/E ratio of 19.14, a PEG ratio of 1.63 and a beta of 1.20. Genpact Limited has a 1-year low of $30.23 and a 1-year high of $56.76. The business has a 50-day simple moving average of $45.09 and a two-hundred day simple moving average of $41.41.

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 22.61% and a net margin of 10.77%. As a group, equities research analysts anticipate 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. Investors of record on Tuesday, March 11th will be paid a $0.17 dividend. The ex-dividend date is Tuesday, March 11th. This is an increase from Genpact's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.25%. Genpact's dividend payout ratio is 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.