Vanguard Group Inc. Purchases 61,376 Shares of Genpact Limited (NYSE:G)

Vanguard Group Inc. increased its position in shares of Genpact Limited (NYSE:G) by 0.4% during the 4th quarter, Holdings Channel reports. The firm owned 16,962,496 shares of the business services provider’s stock after acquiring an additional 61,376 shares during the period. Vanguard Group Inc. owned about 0.10% of Genpact worth $728,539,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of G. LPL Financial LLC raised its stake in Genpact by 42.3% during the 4th quarter. LPL Financial LLC now owns 36,268 shares of the business services provider’s stock valued at $1,558,000 after purchasing an additional 10,776 shares during the period. Fox Run Management L.L.C. bought a new stake in shares of Genpact during the fourth quarter valued at approximately $669,000. KLP Kapitalforvaltning AS purchased a new position in shares of Genpact in the fourth quarter worth $1,473,000. AXQ Capital LP boosted its position in shares of Genpact by 60.2% during the fourth quarter. AXQ Capital LP now owns 25,801 shares of the business services provider’s stock worth $1,108,000 after acquiring an additional 9,696 shares during the last quarter. Finally, Hillsdale Investment Management Inc. grew its stake in Genpact by 3.2% during the fourth quarter. Hillsdale Investment Management Inc. now owns 22,320 shares of the business services provider’s stock valued at $959,000 after acquiring an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Insider Activity

In related news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $48.89, for a total transaction of $664,904.00. Following the completion of the sale, the chief executive officer now owns 310,246 shares in the company, valued at $15,167,926.94. This trade represents a 4.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Piyush Mehta sold 12,000 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was 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 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 disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Needham & Company LLC boosted their price target on shares of Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Mizuho boosted their target price on Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. TD Cowen upgraded Genpact from a “hold” rating to a “buy” rating and raised their price target for the company from $45.00 to $60.00 in a report on Friday, February 7th. Finally, Jefferies Financial Group raised Genpact from a “hold” rating to a “buy” rating and upped their price objective for the stock from $44.00 to $55.00 in a 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 company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $48.44.

Genpact Stock Performance

NYSE:G opened at $50.00 on Monday. The firm has a market capitalization of $8.78 billion, a PE ratio of 17.61, a PEG ratio of 1.84 and a beta of 1.16. The stock’s fifty day moving average is $50.84 and its 200 day moving average is $45.11. Genpact Limited has a fifty-two week low of $30.23 and a fifty-two week high of $56.76. 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 (NYSE:G) last announced 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, sell-side analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Increases Dividend

The firm also recently announced 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 1.36%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Genpact’s previous quarterly dividend of $0.15. Genpact’s payout ratio is 23.94%.

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.