Susquehanna Fundamental Investments LLC Makes New Investment in Genpact Limited (NYSE:G)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Genpact Limited (NYSE:G - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 236,798 shares of the business services provider's stock, valued at approximately $10,170,000. Susquehanna Fundamental Investments LLC owned approximately 0.13% of Genpact as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. raised its stake in Genpact by 0.4% during the 4th 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 period. Victory Capital Management Inc. raised its position in shares of Genpact by 18.1% during the fourth 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. increased its holdings 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 acquiring an additional 55,771 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Genpact by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,848,449 shares of the business services provider's stock worth $165,288,000 after purchasing an additional 208,759 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Genpact by 3.6% in the fourth quarter. Geode Capital Management LLC now owns 3,825,344 shares of the business services provider's stock worth $170,175,000 after buying an additional 133,938 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Balkrishan Kalra sold 13,600 shares of the firm'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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.80% of the company's stock.

Genpact Trading Up 1.1 %

NYSE:G traded up $0.53 during midday trading on Friday, hitting $49.77. The stock had a trading volume of 604,639 shares, compared to its average volume of 1,329,550. 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 stock has a 50-day moving average of $49.40 and a 200 day moving average of $46.60. The company has a market capitalization of $8.74 billion, a price-to-earnings ratio of 17.52, a PEG ratio of 1.84 and a beta of 1.06. Genpact Limited has a one year low of $30.38 and a one year high of $56.76.

Genpact (NYSE:G - Get Free Report) last posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.50%. As a group, sell-side analysts forecast that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were issued a $0.17 dividend. This is a positive change from Genpact's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.37%. The ex-dividend date was Tuesday, March 11th. Genpact's payout ratio is currently 23.94%.

Analyst Ratings Changes

G has been the topic of several recent research reports. 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 research report on Tuesday, January 21st. Mizuho lifted their price objective on shares of Genpact from $45.00 to $55.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Needham & Company LLC lifted their price target 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. Finally, TD Cowen raised shares of Genpact from a "hold" rating to a "buy" rating and increased their price objective for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Genpact has a consensus rating of "Hold" and an average price target of $50.38.

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.