Genpact Limited (NYSE:G) Shares Purchased by Summit Trail Advisors LLC

Summit Trail Advisors LLC lifted its position in Genpact Limited (NYSE:G - Free Report) by 50.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,832 shares of the business services provider's stock after purchasing an additional 10,375 shares during the period. Summit Trail Advisors LLC's holdings in Genpact were worth $1,324,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in G. UMB Bank n.a. grew its stake 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 valued at $52,000 after acquiring an additional 433 shares during the period. Venturi Wealth Management LLC grew its holdings in shares of Genpact by 74.6% during the third quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider's stock worth $103,000 after buying an additional 1,121 shares in the last quarter. Versant Capital Management Inc lifted its stake in Genpact by 17.0% in the 4th quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider's stock worth $136,000 after purchasing an additional 461 shares in the last quarter. MassMutual Private Wealth & Trust FSB increased its stake in shares of Genpact by 22.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,378 shares of the business services provider's stock worth $145,000 after acquiring an additional 619 shares during the last quarter. Finally, Centaurus Financial Inc. acquired a new stake in Genpact during the third quarter worth about $159,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on G shares. Jefferies Financial Group upgraded shares of Genpact from a "hold" rating to a "buy" rating and raised their price target for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Mizuho boosted their price objective on shares of Genpact from $45.00 to $55.00 and gave the company a "neutral" rating in a report on Monday. Robert W. Baird upped their price objective on shares of Genpact from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. TD Cowen upgraded shares of Genpact from a "hold" rating to a "buy" rating and lifted their target price for the company from $45.00 to $60.00 in a report on Friday. Finally, Needham & Company LLC upped their price target on Genpact from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $48.44.

Insider Buying and Selling at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 9,000 shares of the firm's stock in a transaction on Monday, November 25th. The stock was 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 of the company's stock, valued at approximately $12,407,545.60. This trade represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Piyush Mehta sold 12,000 shares of the company'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 ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 35,058 shares of company stock worth $1,558,675. 2.80% of the stock is currently owned by insiders.

Genpact Stock Performance

Shares of Genpact stock traded up $0.34 on Tuesday, hitting $54.78. The stock had a trading volume of 2,119,869 shares, compared to its average volume of 1,527,999. The company's 50 day moving average price is $45.25 and its 200 day moving average price is $41.55. The stock has a market cap of $9.66 billion, a price-to-earnings ratio of 19.29, a P/E/G ratio of 1.63 and a beta of 1.20. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $56.76.

Genpact (NYSE:G - Get Free Report) last announced its earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.04). Genpact had a return on equity of 22.61% and a net margin of 10.77%. On average, research analysts anticipate that Genpact Limited will post 3.08 EPS for the current year.

Genpact Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.17 per share. 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 1.24%. This is a positive change from Genpact's previous quarterly dividend of $0.15. Genpact's dividend payout ratio (DPR) is currently 21.48%.

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.