Tudor Investment Corp ET AL Makes New Investment in Genpact Limited (NYSE:G)

Tudor Investment Corp ET AL acquired a new stake in shares of Genpact Limited (NYSE:G - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 284,495 shares of the business services provider's stock, valued at approximately $12,219,000. Tudor Investment Corp ET AL owned approximately 0.16% of Genpact as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Franklin Resources Inc. raised its position in Genpact by 6.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,148,185 shares of the business services provider's stock worth $162,318,000 after buying an additional 252,674 shares during the last quarter. Oddo BHF Asset Management Sas purchased a new position in shares of Genpact during the third quarter valued at approximately $1,323,000. DGS Capital Management LLC lifted its position in Genpact by 69.7% during the third quarter. DGS Capital Management LLC now owns 45,800 shares of the business services provider's stock valued at $1,796,000 after purchasing an additional 18,811 shares during the period. JPMorgan Chase & Co. grew its position in Genpact by 192.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider's stock worth $122,701,000 after purchasing an additional 2,060,595 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in shares of Genpact by 17.0% during the 4th quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider's stock valued at $136,000 after buying an additional 461 shares during the period. 96.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. TD Cowen upgraded Genpact from a "hold" rating to a "buy" rating and upped their price objective for the company from $45.00 to $60.00 in a research report on Friday, February 7th. Jefferies Financial Group upgraded shares of Genpact from a "hold" rating to a "buy" rating and increased their price objective for the stock from $44.00 to $55.00 in a research note on Tuesday, January 21st. Mizuho boosted their target price on shares of Genpact from $45.00 to $55.00 and gave the company a "neutral" rating in a research report on Monday, February 10th. Finally, Needham & Company LLC increased their price target 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. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, Genpact has a consensus rating of "Hold" and an average target price of $50.38.

Genpact Price Performance

Shares of G traded up $0.43 during mid-day trading on Friday, reaching $49.67. The stock had a trading volume of 1,329,284 shares, compared to its average volume of 1,333,118. The firm has a market cap of $8.73 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 1.84 and a beta of 1.02. Genpact Limited has a 12 month low of $30.38 and a 12 month high of $56.76. The business has a fifty day moving average of $49.34 and a 200 day moving average of $46.78. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16.

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 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 predict that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.17 per share. This is a positive change from Genpact's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, March 11th. Genpact's dividend payout ratio (DPR) is 23.94%.

Insider Transactions at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $48.89, for a total value of $664,904.00. Following the sale, the chief executive officer now directly owns 310,246 shares of the company's stock, valued at approximately $15,167,926.94. The trade was a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 2.80% of the company's stock.

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.