Genpact Limited (NYSE:G) Shares Bought by Franklin Resources Inc.

Franklin Resources Inc. lifted its holdings in shares of Genpact Limited (NYSE:G) by 1.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,203,956 shares of the business services provider’s stock after acquiring an additional 55,771 shares during the period. Franklin Resources Inc. owned 2.38% of Genpact worth $180,560,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. SRH Advisors LLC purchased a new position in Genpact in the 4th quarter valued at $26,000. Manchester Capital Management LLC purchased a new stake in shares of Genpact in the fourth quarter valued at about $38,000. Smartleaf Asset Management LLC increased its stake in shares of Genpact by 416.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider’s stock worth $41,000 after acquiring an additional 783 shares during the period. UMB Bank n.a. increased 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 worth $52,000 after acquiring an additional 433 shares during the period. Finally, J.Safra Asset Management Corp raised its holdings in Genpact by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 1,622 shares of the business services provider’s stock worth $69,000 after purchasing an additional 453 shares in the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on G shares. TD Cowen raised Genpact from a “hold” rating to a “buy” rating and lifted their price objective for the company from $45.00 to $60.00 in a report on Friday, February 7th. Needham & Company LLC upped their price objective on Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Jefferies Financial Group raised Genpact from a “hold” rating to a “buy” rating and raised their target price for the company from $44.00 to $55.00 in a report on Tuesday, January 21st. Finally, Mizuho upped 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. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $48.44.

Insider Activity at Genpact

In other Genpact news, SVP Piyush Mehta sold 12,000 shares of the company’s stock in a transaction that occurred 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 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $48.89, for a total transaction of $664,904.00. Following the sale, the chief executive officer now owns 310,246 shares in the company, valued at $15,167,926.94. This represents a 4.20 % decrease in their position. The disclosure for this sale can be found here. 2.80% of the stock is owned by insiders.

Genpact Trading Up 0.4 %

Shares of Genpact stock opened at $50.59 on Wednesday. Genpact Limited has a 1 year low of $30.23 and a 1 year high of $56.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85. The business has a 50 day moving average price of $51.03 and a 200 day moving average price of $45.27. The company has a market capitalization of $8.89 billion, a P/E ratio of 17.81, a P/E/G ratio of 1.84 and a beta of 1.16.

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

Genpact Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This is a boost from Genpact’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.34%. Genpact’s dividend payout ratio (DPR) is currently 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.