ARGA Investment Management LP Increases Stake in Genpact Limited (NYSE:G)

ARGA Investment Management LP lifted its holdings in shares of Genpact Limited (NYSE:G) by 14.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 772,917 shares of the business services provider’s stock after purchasing an additional 95,413 shares during the period. Genpact comprises about 1.1% of ARGA Investment Management LP’s investment portfolio, making the stock its 20th biggest position. ARGA Investment Management LP owned 0.44% of Genpact worth $33,197,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. UMB Bank n.a. boosted its stake in shares of Genpact by 55.7% during the fourth quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 433 shares during the period. Venturi Wealth Management LLC boosted its position in Genpact by 74.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock valued at $103,000 after buying an additional 1,121 shares during the period. GAMMA Investing LLC boosted its position in Genpact by 221.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after buying an additional 2,293 shares during the period. Versant Capital Management Inc grew its holdings in Genpact by 17.0% in the 4th quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider’s stock worth $136,000 after acquiring an additional 461 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Genpact by 22.4% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,378 shares of the business services provider’s stock valued at $145,000 after acquiring an additional 619 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Price Performance

Shares of G stock opened at $49.37 on Wednesday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The stock has a market cap of $8.71 billion, a price-to-earnings ratio of 13.56, a PEG ratio of 1.61 and a beta of 1.20. The business’s fifty day moving average is $44.80 and its 200 day moving average is $41.04. Genpact Limited has a twelve month low of $30.23 and a twelve month high of $49.47.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.71 by $0.04. Genpact had a net margin of 14.22% and a return on equity of 21.85%. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same period last year, the business earned $0.67 EPS. Research analysts expect that Genpact Limited will post 2.94 EPS for the current fiscal year.

Insider Activity

In other news, SVP Piyush Mehta sold 12,000 shares of the company’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 value of $513,960.00. Following the transaction, the senior vice president now 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 sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Balkrishan Kalra sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.40, for a total transaction of $417,600.00. Following the sale, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at $12,407,545.60. This trade represents a 3.26 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,058 shares of company stock worth $1,558,675. Insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

G has been the subject of a number of analyst reports. Needham & Company LLC increased their target price on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Jefferies Financial Group upgraded Genpact from a “hold” rating to a “buy” rating and increased their price objective for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Robert W. Baird boosted their target price on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, TD Cowen raised their price target on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Genpact currently has a consensus rating of “Hold” and a consensus price target of $44.50.

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.