Ontario Teachers Pension Plan Board Buys 5,825 Shares of Genpact Limited (NYSE:G)

Ontario Teachers Pension Plan Board grew its position in shares of Genpact Limited (NYSE:G) by 22.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,192 shares of the business services provider’s stock after purchasing an additional 5,825 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Genpact were worth $1,383,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of G. XTX Topco Ltd bought a new stake in shares of Genpact during the 4th quarter valued at about $454,000. Barclays PLC boosted its holdings in shares of Genpact by 202.9% during the 4th quarter. Barclays PLC now owns 149,923 shares of the business services provider’s stock worth $6,438,000 after buying an additional 100,419 shares in the last quarter. Sterling Capital Management LLC grew its position in shares of Genpact by 49.2% during the 4th quarter. Sterling Capital Management LLC now owns 11,593 shares of the business services provider’s stock worth $498,000 after buying an additional 3,825 shares during the period. Paralel Advisors LLC increased its stake in shares of Genpact by 10.0% in the 4th quarter. Paralel Advisors LLC now owns 76,196 shares of the business services provider’s stock valued at $3,273,000 after acquiring an additional 6,920 shares in the last quarter. Finally, Raymond James Financial Inc. acquired a new position in shares of Genpact during the 4th quarter valued at $5,552,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and lifted their price target for the company from $44.00 to $55.00 in a research note on Tuesday, January 21st. Mizuho boosted their target price on Genpact from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. TD Cowen raised 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 research note on Friday, February 7th. Finally, Needham & Company LLC raised their price objective on Genpact from $55.00 to $65.00 and gave the company 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 company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $48.44.

Genpact Stock Performance

Shares of Genpact stock opened at $47.92 on Wednesday. Genpact Limited has a 52 week low of $30.23 and a 52 week high of $56.76. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.50. The business has a 50 day moving average price of $50.94 and a 200-day moving average price of $45.91. The company has a market cap of $8.42 billion, a PE ratio of 16.87, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06.

Genpact (NYSE:G) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.50%. Equities analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.42%. This is an increase from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, March 11th. Genpact’s dividend payout ratio is presently 23.94%.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $48.89, for a total transaction of $664,904.00. Following the sale, the chief executive officer now directly owns 310,246 shares in the company, valued at $15,167,926.94. The trade was a 4.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 2.80% of the company’s stock.

About Genpact

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.