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

AdvisorShares Investments LLC acquired a new position in Genpact Limited (NYSE:G - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 10,910 shares of the business services provider's stock, valued at approximately $469,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Vanguard Group Inc. lifted its stake in Genpact by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 16,962,496 shares of the business services provider's stock worth $728,539,000 after purchasing an additional 61,376 shares during the period. Victory Capital Management Inc. lifted its position in shares of Genpact by 18.1% during the 4th quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider's stock worth $423,205,000 after buying an additional 1,511,790 shares during the period. Franklin Resources Inc. boosted its stake 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 buying an additional 55,771 shares in the last quarter. Dimensional Fund Advisors LP grew its position in 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 valued at $165,288,000 after acquiring an additional 208,759 shares during the period. Finally, Geode Capital Management LLC raised its stake in Genpact by 3.6% during 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 acquiring an additional 133,938 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors.

Genpact Price Performance

Shares of Genpact stock traded up $0.09 during midday trading on Monday, reaching $49.80. The company had a trading volume of 354,000 shares, compared to its average volume of 1,329,546. The stock has a fifty day simple moving average of $49.34 and a 200 day simple moving average of $46.78. Genpact Limited has a 1-year low of $30.38 and a 1-year high of $56.76. 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 company has a market capitalization of $8.75 billion, a price-to-earnings ratio of 17.53, a price-to-earnings-growth ratio of 1.84 and a beta of 1.02.

Genpact (NYSE:G - Get Free Report) last released its 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%. As a group, equities research analysts forecast that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Increases Dividend

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Genpact

In related news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were 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 in the company, valued at $15,167,926.94. This trade represents a 4.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 2.80% of the stock is owned by corporate insiders.

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.