Genpact Limited (NYSE:G) Shares Acquired by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. increased its position in shares of Genpact Limited (NYSE:G) by 3.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 22,320 shares of the business services provider’s stock after buying an additional 700 shares during the quarter. Hillsdale Investment Management Inc.’s holdings in Genpact were worth $959,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Sei Investments Co. raised its position in shares of Genpact by 17.9% during the 4th quarter. Sei Investments Co. now owns 163,784 shares of the business services provider’s stock valued at $7,034,000 after buying an additional 24,870 shares during the period. American Century Companies Inc. raised its position in Genpact by 58.4% in the fourth quarter. American Century Companies Inc. now owns 69,786 shares of the business services provider’s stock valued at $2,997,000 after purchasing an additional 25,736 shares during the period. Loudon Investment Management LLC raised its position in Genpact by 1.9% in the fourth quarter. Loudon Investment Management LLC now owns 144,065 shares of the business services provider’s stock valued at $6,188,000 after purchasing an additional 2,640 shares during the period. Northwest & Ethical Investments L.P. raised its position in Genpact by 5.0% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 304,582 shares of the business services provider’s stock valued at $13,082,000 after purchasing an additional 14,416 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in Genpact in the fourth quarter valued at approximately $3,186,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Insider Buying and Selling at Genpact

In other Genpact news, SVP Piyush Mehta sold 12,000 shares of the company’s stock in a transaction on Friday, January 10th. The shares were 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction dated 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 of the company’s stock, valued at $15,167,926.94. This trade represents a 4.20 % decrease in their position. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of analysts have recently weighed in on G shares. TD Cowen raised Genpact from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $60.00 in a research 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 research report on Friday, February 7th. Mizuho upped their price objective on Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Finally, Jefferies Financial Group raised Genpact from a “hold” rating to a “buy” rating and upped their price objective for the stock from $44.00 to $55.00 in a research report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Genpact presently has a consensus rating of “Hold” and an average target price of $48.44.

Genpact Stock Performance

Shares of G stock opened at $49.90 on Monday. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average price of $50.27 and a 200 day moving average price of $44.70. The company has a market cap of $8.77 billion, a P/E ratio of 17.57, a PEG ratio of 1.84 and a beta of 1.16. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $56.76.

Genpact (NYSE:G) last issued 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 return on equity of 22.50% and a net margin of 10.77%. Sell-side analysts predict that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.36%. The ex-dividend date is Tuesday, March 11th. This is an increase from Genpact’s previous quarterly dividend of $0.15. Genpact’s dividend payout ratio is currently 23.94%.

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.