Trexquant Investment LP Raises Stock Position in Genpact Limited (NYSE:G)

Trexquant Investment LP grew its stake in Genpact Limited (NYSE:G - Free Report) by 177.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 239,127 shares of the business services provider's stock after acquiring an additional 152,905 shares during the quarter. Trexquant Investment LP owned about 0.14% of Genpact worth $10,271,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of G. Vanguard Group Inc. grew its position in 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. Victory Capital Management Inc. grew its holdings in shares of Genpact by 18.1% during the 4th quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider's stock worth $423,205,000 after purchasing an additional 1,511,790 shares during the period. Franklin Resources Inc. increased its position in shares of Genpact by 1.3% during the 4th quarter. Franklin Resources Inc. now owns 4,203,956 shares of the business services provider's stock worth $180,560,000 after purchasing an additional 55,771 shares during the last quarter. Geode Capital Management LLC raised its holdings in Genpact by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 3,825,344 shares of the business services provider's stock valued at $170,175,000 after buying an additional 133,938 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Genpact by 8.7% in the 4th quarter. JPMorgan Chase & Co. now owns 3,400,636 shares of the business services provider's stock valued at $146,057,000 after buying an additional 271,295 shares during the period. Institutional investors and hedge funds own 96.03% of the company's stock.

Genpact Stock Performance

Shares of Genpact stock traded down $0.72 during trading on Monday, reaching $46.35. The company's stock had a trading volume of 554,174 shares, compared to its average volume of 1,343,989. The firm has a market cap of $8.14 billion, a PE ratio of 16.22, a P/E/G ratio of 1.84 and a beta of 1.06. The company has a 50-day moving average price of $51.20 and a two-hundred day moving average price of $45.49. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. 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 data on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.50%. On average, analysts forecast that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The business 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 dividend on an annualized basis and a yield of 1.47%. 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 dividend payout ratio (DPR) is presently 23.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on G shares. Jefferies Financial Group upgraded shares of Genpact from a "hold" rating to a "buy" rating and lifted their price target for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. Mizuho lifted 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, February 10th. TD Cowen upgraded shares of Genpact from a "hold" rating to a "buy" rating and boosted their target price for the stock from $45.00 to $60.00 in a research note on Friday, February 7th. Finally, Needham & Company LLC raised their price target on Genpact from $55.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Genpact currently has an average rating of "Hold" and a consensus target price of $48.44.

Insider Buying and Selling at Genpact

In other news, SVP Piyush Mehta sold 12,000 shares of the firm's stock in a transaction 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 sale, the senior vice president now 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Balkrishan Kalra sold 13,600 shares of the business's stock in a transaction dated 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 owns 310,246 shares in the company, valued at approximately $15,167,926.94. This trade represents a 4.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.80% of the company's stock.

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.