Aquatic Capital Management LLC Sells 9,368 Shares of Genpact Limited (NYSE:G)

Aquatic Capital Management LLC reduced its stake in Genpact Limited (NYSE:G - Free Report) by 21.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,632 shares of the business services provider's stock after selling 9,368 shares during the period. Aquatic Capital Management LLC's holdings in Genpact were worth $1,487,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Coppell Advisory Solutions LLC boosted its holdings in Genpact by 529.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock valued at $25,000 after purchasing an additional 503 shares during the period. SRH Advisors LLC purchased a new position in Genpact during the fourth quarter worth about $26,000. Atlas Capital Advisors Inc. increased its stake in Genpact by 55.8% in the 4th quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider's stock worth $26,000 after acquiring an additional 216 shares during the last quarter. GeoWealth Management LLC grew its holdings 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 worth $38,000 after purchasing an additional 583 shares in the last quarter. Finally, Manchester Capital Management LLC bought a new position in shares of Genpact in the fourth quarter worth approximately $38,000. 96.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

G has been the subject of a number of research reports. Mizuho boosted their price target 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. Jefferies Financial Group raised Genpact from a "hold" rating to a "buy" rating and increased their target price for the company from $44.00 to $55.00 in a research note on Tuesday, January 21st. Needham & Company LLC lifted their price target on 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 upgraded Genpact from a "hold" rating to a "buy" rating and increased their price objective for the company from $45.00 to $60.00 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 stock. Based on data from MarketBeat.com, Genpact currently has a consensus rating of "Hold" and an average target price of $50.38.

Genpact Trading Up 0.1 %

G traded up $0.04 on Monday, hitting $49.75. 314,244 shares of the company were exchanged, compared to its average volume of 1,450,462. 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 Limited has a 12 month low of $30.38 and a 12 month high of $56.76. The firm has a fifty day simple moving average of $49.34 and a two-hundred day simple moving average of $46.78. The stock has a market capitalization of $8.74 billion, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.84 and a beta of 1.02.

Genpact (NYSE:G - Get Free Report) last issued its 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 return on equity of 22.50% and a net margin of 10.77%. Sell-side analysts expect 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. Investors of record on Tuesday, March 11th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was 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%.

Insider Transactions at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of the firm's stock in a transaction 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 completion of the transaction, the chief executive officer now owns 310,246 shares of the company's stock, valued at approximately $15,167,926.94. This trade represents a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.80% of the company's stock.

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.