HighTower Advisors LLC Purchases 6,647 Shares of Genpact Limited (NYSE:G)

HighTower Advisors LLC raised its holdings in Genpact Limited (NYSE:G) by 112.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,573 shares of the business services provider’s stock after acquiring an additional 6,647 shares during the period. HighTower Advisors LLC’s holdings in Genpact were worth $540,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Genpact during the 4th quarter valued at about $1,847,000. PNC Financial Services Group Inc. boosted its holdings in Genpact by 4.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 14,468 shares of the business services provider’s stock worth $621,000 after purchasing an additional 550 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Genpact during the fourth quarter valued at approximately $5,552,000. Arizona State Retirement System bought a new stake in shares of Genpact during the 4th quarter worth $2,109,000. Finally, Proficio Capital Partners LLC bought a new position in shares of Genpact during the 4th quarter valued at approximately $983,000. Institutional investors own 96.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Needham & Company LLC boosted their price objective on Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Mizuho lifted their price objective on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Jefferies Financial Group upgraded shares of Genpact from a “hold” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $55.00 in a research report on Tuesday, January 21st. Finally, TD Cowen upgraded Genpact from a “hold” rating to a “buy” rating and boosted their price objective for the company from $45.00 to $60.00 in a research report on Friday, February 7th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $48.44.

Insider Activity at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $48.89, for a total transaction of $664,904.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Piyush Mehta sold 12,000 shares of the stock in a transaction on Friday, January 10th. The stock was 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 directly owns 151,182 shares in the company, valued at approximately $6,475,125.06. This represents 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 corporate insiders.

Genpact Trading Down 1.5 %

G opened at $50.00 on Friday. The firm has a market capitalization of $8.78 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 1.84 and a beta of 1.16. Genpact Limited has a one year low of $30.23 and a one year high of $56.76. The business has a 50 day simple moving average of $50.84 and a two-hundred day simple moving average of $45.07. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85.

Genpact (NYSE:G) last announced its quarterly earnings results 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 return on equity of 22.50% and a net margin of 10.77%. Analysts predict that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were paid a dividend of $0.17 per share. 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.36%. Genpact’s payout ratio is presently 23.94%.

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.