Genpact Limited (NYSE:G) Shares Bought by Capital International Inc. CA

Capital International Inc. CA lifted its holdings in shares of Genpact Limited (NYSE:G) by 12.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 293,535 shares of the business services provider’s stock after buying an additional 31,829 shares during the period. Capital International Inc. CA’s holdings in Genpact were worth $12,607,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. SRH Advisors LLC purchased a new position in Genpact during the 4th quarter worth $26,000. Atlas Capital Advisors Inc. increased its stake in shares of Genpact by 55.8% during the fourth quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider’s stock worth $26,000 after acquiring an additional 216 shares during the period. Manchester Capital Management LLC purchased a new position in Genpact during the fourth quarter worth about $38,000. GeoWealth Management LLC lifted its position in Genpact by 199.0% in the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 583 shares during the period. Finally, Smartleaf Asset Management LLC boosted its holdings in Genpact by 416.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 783 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Stock Down 0.4 %

G stock opened at $47.56 on Friday. 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 company’s 50 day simple moving average is $50.52 and its 200-day simple moving average is $46.08. Genpact Limited has a 12 month low of $30.38 and a 12 month high of $56.76. The firm has a market capitalization of $8.35 billion, a PE ratio of 16.75, a P/E/G ratio of 1.84 and a beta of 1.06.

Genpact (NYSE:G) last announced its 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 expect that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were paid a $0.17 dividend. This is an increase from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, March 11th. This represents a $0.68 annualized dividend and a yield of 1.43%. Genpact’s payout ratio is presently 23.94%.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of the firm’s 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 owns 310,246 shares in the company, valued at $15,167,926.94. This trade represents a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.80% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.