KBC Group NV Buys 324 Shares of Genpact Limited (NYSE:G)

KBC Group NV grew its stake in shares of Genpact Limited (NYSE:G) by 4.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 7,266 shares of the business services provider’s stock after buying an additional 324 shares during the quarter. KBC Group NV’s holdings in Genpact were worth $366,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Coppell Advisory Solutions LLC grew its stake in shares of Genpact by 529.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider’s stock worth $25,000 after purchasing an additional 503 shares during the last quarter. Atlas Capital Advisors Inc. grew its stake in shares of Genpact by 55.8% in the fourth quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider’s stock worth $26,000 after purchasing an additional 216 shares during the last quarter. GeoWealth Management LLC grew its stake in shares of Genpact by 199.0% in the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider’s stock worth $38,000 after purchasing an additional 583 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Genpact by 416.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider’s stock worth $41,000 after purchasing an additional 783 shares during the last quarter. Finally, Global X Japan Co. Ltd. bought a new stake in shares of Genpact in the first quarter worth $57,000. Institutional investors own 96.03% of the company’s stock.

Genpact Price Performance

G stock opened at $45.92 on Friday. The stock has a market capitalization of $8.03 billion, a PE ratio of 15.67, a price-to-earnings-growth ratio of 2.00 and a beta of 0.94. The company’s 50-day moving average is $44.31 and its 200-day moving average is $46.92. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 2.45. Genpact Limited has a 1 year low of $30.38 and a 1 year high of $56.76.

Genpact (NYSE:G) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to analysts’ expectations of $1.21 billion. Genpact had a net margin of 10.88% and a return on equity of 22.35%. The business’s revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.73 EPS. Equities research analysts expect that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.68 annualized dividend and a dividend yield of 1.48%. Genpact’s dividend payout ratio is currently 23.21%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on G. Wall Street Zen raised shares of Genpact from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 6th. Robert W. Baird decreased their price target on Genpact from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Mizuho increased their price target on Genpact from $48.00 to $51.00 and gave the stock a “neutral” rating in a report on Tuesday. Finally, Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of Genpact in a report on Monday, June 30th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $50.14.

Insider Activity at Genpact

In related news, Director Nicholas C. Gangestad purchased 2,000 shares of Genpact stock in a transaction that occurred on Tuesday, May 13th. The stock was bought at an average price of $43.97 per share, for a total transaction of $87,940.00. Following the completion of the transaction, the director owned 2,000 shares in the company, valued at $87,940. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. 3.07% of the stock is currently owned by corporate insiders.

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.