AdvisorShares Investments LLC Makes New $469,000 Investment in Genpact Limited (NYSE:G)

AdvisorShares Investments LLC purchased a new stake in shares of Genpact Limited (NYSE:G - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 10,910 shares of the business services provider's stock, valued at approximately $469,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Coppell Advisory Solutions LLC grew its position in shares of Genpact by 529.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock worth $25,000 after purchasing an additional 503 shares in the last quarter. SRH Advisors LLC purchased a new position in shares of Genpact during the fourth quarter valued at approximately $26,000. Atlas Capital Advisors Inc. increased its stake in Genpact by 55.8% in the fourth quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider's stock worth $26,000 after purchasing an additional 216 shares during the period. Manchester Capital Management LLC bought a new stake in shares of Genpact in the fourth quarter valued at about $38,000. Finally, GeoWealth Management LLC lifted its position in shares of Genpact by 199.0% during the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock valued at $38,000 after buying an additional 583 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Mizuho increased their price objective on Genpact from $45.00 to $55.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Needham & Company LLC boosted their price objective on Genpact from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. TD Cowen upgraded shares of Genpact from a "hold" rating to a "buy" rating and boosted their price target for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Finally, Jefferies Financial Group raised Genpact from a "hold" rating to a "buy" rating and raised their target price for the stock from $44.00 to $55.00 in a research note on Tuesday, January 21st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Genpact currently has a consensus rating of "Hold" and an average price target of $50.38.

Genpact Stock Up 1.2 %

G stock opened at $48.86 on Wednesday. The company's 50-day moving average price is $49.63 and its 200 day moving average price is $46.49. The company has a market cap of $8.58 billion, a P/E ratio of 17.20, a P/E/G ratio of 1.84 and a beta of 1.06. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact Limited has a 52 week low of $30.38 and a 52 week high of $56.76.

Genpact (NYSE:G - Get Free Report) last posted its quarterly earnings data 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%. On average, research analysts expect that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were given a $0.17 dividend. This is an increase from Genpact's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.39%. Genpact's dividend payout ratio is presently 23.94%.

Insider Activity at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction that occurred on 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 directly owns 310,246 shares in the company, valued at approximately $15,167,926.94. This represents a 4.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company 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.

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