Van ECK Associates Corp Makes New Investment in Genpact Limited (NYSE:G)

Van ECK Associates Corp bought a new position in Genpact Limited (NYSE:G - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 175,680 shares of the business services provider's stock, valued at approximately $7,545,000. Van ECK Associates Corp owned about 0.10% of Genpact at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Creative Planning grew its stake in shares of Genpact by 19.4% during the 3rd quarter. Creative Planning now owns 30,590 shares of the business services provider's stock valued at $1,199,000 after purchasing an additional 4,976 shares during the period. Vest Financial LLC grew its position in Genpact by 12.9% during the third quarter. Vest Financial LLC now owns 39,012 shares of the business services provider's stock valued at $1,530,000 after buying an additional 4,458 shares during the period. Suncoast Equity Management increased its holdings in Genpact by 3.1% during the third quarter. Suncoast Equity Management now owns 12,600 shares of the business services provider's stock valued at $494,000 after buying an additional 375 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in Genpact by 5.8% in the third quarter. Sequoia Financial Advisors LLC now owns 23,315 shares of the business services provider's stock worth $914,000 after acquiring an additional 1,281 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Genpact by 10.4% during the 3rd quarter. Signaturefd LLC now owns 17,069 shares of the business services provider's stock worth $669,000 after acquiring an additional 1,611 shares during the last quarter. Institutional investors own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on G shares. TD Cowen upgraded Genpact from a "hold" rating to a "buy" rating and upped their price objective for the stock from $45.00 to $60.00 in a research note on Friday, February 7th. Robert W. Baird raised their price objective on Genpact from $44.00 to $48.00 and gave the stock a "neutral" rating in a research note on Friday, November 8th. Needham & Company LLC lifted their price objective on Genpact from $55.00 to $65.00 and gave the company a "buy" rating in a research report on Friday, February 7th. Jefferies Financial Group raised shares of Genpact from a "hold" rating to a "buy" rating and increased their target price for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Finally, Mizuho raised their target price on shares of Genpact from $45.00 to $55.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Genpact currently has an average rating of "Hold" and an average price target of $48.44.

Insiders Place Their Bets

In other Genpact news, SVP Piyush Mehta sold 12,000 shares of the company's stock in a transaction that occurred 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 sale, the senior vice president now directly owns 151,182 shares in the company, valued at $6,475,125.06. This represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $44.60, for a total value of $606,560.00. Following the completion of the transaction, the chief executive officer now owns 267,404 shares of the company's stock, valued at approximately $11,926,218.40. This trade represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,600 shares of company stock valued at $1,538,120 in the last quarter. 2.80% of the stock is currently owned by insiders.

Genpact Price Performance

G traded down $1.28 during trading on Friday, reaching $53.21. 1,745,116 shares of the company traded hands, compared to its average volume of 1,521,421. The company has a market cap of $9.38 billion, a P/E ratio of 18.73, a PEG ratio of 1.85 and a beta of 1.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. Genpact Limited has a 12-month low of $30.23 and a 12-month high of $56.76. The firm has a fifty day simple moving average of $47.00 and a 200 day simple moving average of $42.74.

Genpact (NYSE:G - Get Free Report) last posted its earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.50%. On average, equities analysts forecast that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.28%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Genpact's previous quarterly dividend of $0.15. Genpact's dividend payout ratio (DPR) is currently 21.48%.

About Genpact

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.