Victory Capital Management Inc. Increases Stake in Genpact Limited (NYSE:G)

Victory Capital Management Inc. raised its position in shares of Genpact Limited (NYSE:G - Free Report) by 18.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,853,437 shares of the business services provider's stock after buying an additional 1,511,790 shares during the period. Victory Capital Management Inc. owned about 5.59% of Genpact worth $423,205,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in G. JPMorgan Chase & Co. boosted its position in Genpact by 192.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider's stock valued at $122,701,000 after buying an additional 2,060,595 shares during the period. Tandem Investment Advisors Inc. boosted its position in Genpact by 390.5% during the 4th quarter. Tandem Investment Advisors Inc. now owns 2,129,915 shares of the business services provider's stock valued at $91,480,000 after buying an additional 1,695,706 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Genpact in the 3rd quarter worth about $19,779,000. Geode Capital Management LLC lifted its position in shares of Genpact by 12.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider's stock worth $148,142,000 after purchasing an additional 413,646 shares during the period. Finally, Empowered Funds LLC lifted its position in shares of Genpact by 1,942.3% in the 4th quarter. Empowered Funds LLC now owns 325,379 shares of the business services provider's stock worth $13,975,000 after purchasing an additional 309,447 shares during the period. Hedge funds and other institutional investors own 96.03% of the company's stock.

Remove Ads

Genpact Stock Up 1.3 %

NYSE:G traded up $0.65 on Friday, reaching $51.66. 1,027,453 shares of the stock traded hands, compared to its average volume of 1,524,703. The company has a market capitalization of $9.11 billion, a price-to-earnings ratio of 18.19, a PEG ratio of 1.84 and a beta of 1.20. 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 12 month low of $30.23 and a 12 month high of $56.76. The company's fifty day simple moving average is $48.91 and its 200 day simple moving average is $43.86.

Genpact (NYSE:G - Get Free Report) last released its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.82 earnings per share 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%. Equities analysts predict that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.17 per share. This is a positive change from Genpact's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date is Tuesday, March 11th. Genpact's dividend payout ratio (DPR) is currently 23.94%.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of the business's stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $44.60, for a total transaction of $606,560.00. Following the completion of the transaction, the chief executive officer now directly owns 267,404 shares of the company's stock, valued at $11,926,218.40. The trade was a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Piyush Mehta sold 12,000 shares of the business's 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 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. 2.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. 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 report on Monday, February 10th. TD Cowen raised shares of Genpact from a "hold" rating to a "buy" rating and raised their target price for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Needham & Company LLC raised their target price on shares of Genpact from $55.00 to $65.00 and gave the stock 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 raised their target price for the stock from $44.00 to $55.00 in a research report on Tuesday, January 21st. Finally, Robert W. Baird lifted their price target on shares of Genpact from $44.00 to $48.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $48.44.

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.