Access Investment Management LLC Grows Holdings in Genpact Limited (NYSE:G)

Access Investment Management LLC grew its stake in Genpact Limited (NYSE:G) by 0.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 213,375 shares of the business services provider’s stock after acquiring an additional 500 shares during the period. Genpact comprises 2.7% of Access Investment Management LLC’s investment portfolio, making the stock its 12th biggest holding. Access Investment Management LLC owned approximately 0.12% of Genpact worth $9,164,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in G. JPMorgan Chase & Co. grew its holdings in shares of Genpact by 192.8% in the third quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock valued at $122,701,000 after purchasing an additional 2,060,595 shares in the last quarter. Tandem Investment Advisors Inc. grew its holdings in shares of Genpact by 390.5% in the fourth quarter. Tandem Investment Advisors Inc. now owns 2,129,915 shares of the business services provider’s stock valued at $91,480,000 after purchasing an additional 1,695,706 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Genpact in the third quarter valued at approximately $19,779,000. Geode Capital Management LLC grew its holdings in shares of Genpact by 12.6% in the third quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock valued at $148,142,000 after purchasing an additional 413,646 shares in the last quarter. Finally, Empowered Funds LLC grew its holdings in shares of Genpact by 1,942.3% in the fourth quarter. Empowered Funds LLC now owns 325,379 shares of the business services provider’s stock valued at $13,975,000 after purchasing an additional 309,447 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on G. Robert W. Baird lifted their price objective on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Needham & Company LLC boosted their price target on shares of Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Mizuho boosted their price target on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Jefferies Financial Group upgraded shares of Genpact from a “hold” rating to a “buy” rating and upped their target price for the company from $44.00 to $55.00 in a report on Tuesday, January 21st. Finally, TD Cowen upgraded shares of Genpact from a “hold” rating to a “buy” rating and upped their price target for the company from $45.00 to $60.00 in a research report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $48.44.

Insider Transactions at Genpact

In related news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $44.60, for a total value of $606,560.00. Following the sale, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at approximately $11,926,218.40. This represents a 4.84 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Piyush Mehta sold 12,000 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction of $513,960.00. Following the completion of the sale, the senior vice president now directly owns 151,182 shares in the company, valued at approximately $6,475,125.06. The trade was a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,600 shares of company stock valued at $1,538,120 in the last ninety days. 2.80% of the stock is currently owned by company insiders.

Genpact Stock Performance

NYSE:G opened at $53.21 on Friday. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.50. Genpact Limited has a fifty-two week low of $30.23 and a fifty-two week high of $56.76. The stock has a market cap of $9.38 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 1.84 and a beta of 1.20. The firm’s fifty day simple moving average is $47.00 and its 200-day simple moving average is $42.81.

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%. Analysts expect that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Genpact’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.28%. Genpact’s dividend payout ratio is 21.48%.

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.