Atlas Capital Advisors Inc. Acquires 216 Shares of Genpact Limited (NYSE:G)

Atlas Capital Advisors Inc. grew its holdings in shares of Genpact Limited (NYSE:G) by 55.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 603 shares of the business services provider’s stock after purchasing an additional 216 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Genpact were worth $26,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of G. Vanguard Group Inc. grew its holdings in Genpact by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 16,962,496 shares of the business services provider’s stock valued at $728,539,000 after purchasing an additional 61,376 shares during the last quarter. Victory Capital Management Inc. grew its stake in Genpact by 18.1% in the 4th quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider’s stock valued at $423,205,000 after buying an additional 1,511,790 shares during the last quarter. Franklin Resources Inc. grew its stake in Genpact by 1.3% in the 4th quarter. Franklin Resources Inc. now owns 4,203,956 shares of the business services provider’s stock valued at $180,560,000 after buying an additional 55,771 shares during the last quarter. Geode Capital Management LLC raised its holdings in Genpact by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 3,825,344 shares of the business services provider’s stock worth $170,175,000 after acquiring an additional 133,938 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in Genpact by 8.7% during the 4th quarter. JPMorgan Chase & Co. now owns 3,400,636 shares of the business services provider’s stock worth $146,057,000 after acquiring an additional 271,295 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insiders Place Their Bets

In other Genpact news, 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 transaction of $513,960.00. Following the completion of the transaction, the senior vice president now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction 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 completion of 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. Corporate insiders own 2.80% of the company’s stock.

Genpact Price Performance

Shares of G stock opened at $47.08 on Friday. The company has a market capitalization of $8.27 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.84 and a beta of 1.06. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $56.76. The stock has a 50 day moving average of $51.20 and a two-hundred day moving average of $45.44.

Genpact (NYSE:G) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share 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%. As a group, equities analysts expect that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.44%. 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 dividend payout ratio is 23.94%.

Analyst Upgrades and Downgrades

G has been the topic of several research analyst reports. Jefferies Financial Group raised Genpact from a “hold” rating to a “buy” rating and raised their price target for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. Mizuho lifted their price target 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 upped their price target for the stock from $45.00 to $60.00 in a report on Friday, February 7th. Finally, Needham & Company LLC raised their price objective 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. Six analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Genpact presently has an average rating of “Hold” and a consensus target price of $48.44.

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.