Vanguard Group Inc. Boosts Stock Position in Genpact Limited (NYSE:G)

Vanguard Group Inc. increased its stake in shares of Genpact Limited (NYSE:G - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,962,496 shares of the business services provider's stock after purchasing an additional 61,376 shares during the quarter. Vanguard Group Inc. owned 9.62% of Genpact worth $728,539,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cerity Partners LLC lifted its stake in Genpact by 136.4% in the third quarter. Cerity Partners LLC now owns 17,935 shares of the business services provider's stock worth $703,000 after purchasing an additional 10,349 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in shares of Genpact by 78.8% in the third quarter. BNP Paribas Financial Markets now owns 47,957 shares of the business services provider's stock worth $1,880,000 after buying an additional 21,140 shares during the period. Glenmede Trust Co. NA lifted its stake in shares of Genpact by 2.2% during the 3rd quarter. Glenmede Trust Co. NA now owns 43,156 shares of the business services provider's stock worth $1,692,000 after acquiring an additional 926 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Genpact during the 3rd quarter valued at $4,365,000. Finally, Verition Fund Management LLC grew its position in Genpact by 139.2% in the 3rd quarter. Verition Fund Management LLC now owns 26,268 shares of the business services provider's stock valued at $1,030,000 after acquiring an additional 15,285 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company's stock.

Genpact Stock Down 3.7 %

Shares of NYSE G traded down $1.83 during midday trading on Friday, reaching $47.08. 2,182,743 shares of the company's stock traded hands, compared to its average volume of 1,351,507. The company has a market cap of $8.27 billion, a price-to-earnings ratio of 16.58, a P/E/G ratio of 1.84 and a beta of 1.06. Genpact Limited has a one year low of $30.23 and a one year high of $56.76. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.50. The stock's 50 day simple moving average is $51.20 and its 200-day simple moving average is $45.39.

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 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, analysts predict that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Increases Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 1.44%. This is a positive change 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 is presently 23.94%.

Insider Activity

In other news, 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 sale, the chief executive officer now owns 310,246 shares in the company, valued at approximately $15,167,926.94. The trade was a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 transaction of $513,960.00. Following the completion of the transaction, the senior vice president now directly owns 151,182 shares of the company's stock, valued at $6,475,125.06. The trade was a 7.35 % 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.

Analysts Set New Price Targets

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

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.