Balyasny Asset Management L.P. Has $18.27 Million Stock Position in Genpact Limited (NYSE:G)

Balyasny Asset Management L.P. grew its holdings in Genpact Limited (NYSE:G - Free Report) by 803.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 425,465 shares of the business services provider's stock after acquiring an additional 378,352 shares during the quarter. Balyasny Asset Management L.P. owned 0.24% of Genpact worth $18,274,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in G. Blue Trust Inc. raised its position in Genpact by 8.7% during the fourth quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider's stock valued at $217,000 after acquiring an additional 441 shares in the last quarter. Burney Co. boosted its stake in shares of Genpact by 242.8% in the fourth quarter. Burney Co. now owns 130,798 shares of the business services provider's stock worth $5,618,000 after acquiring an additional 92,641 shares during the last quarter. KBC Group NV acquired a new stake in shares of Genpact in the 4th quarter worth $298,000. State of New Jersey Common Pension Fund D purchased a new position in Genpact during the fourth quarter worth about $2,030,000. Finally, Pictet Asset Management Holding SA purchased a new stake in shares of Genpact in the 4th quarter valued at approximately $921,000. Institutional investors and hedge funds own 96.03% of the company's stock.

Genpact Trading Up 2.5%

Shares of G stock traded up $1.07 during mid-day trading on Monday, reaching $43.53. The company's stock had a trading volume of 1,682,062 shares, compared to its average volume of 1,568,530. The company's 50 day simple moving average is $48.74 and its 200-day simple moving average is $47.07. Genpact Limited has a 12-month low of $30.38 and a 12-month high of $56.76. 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 firm has a market capitalization of $7.65 billion, a PE ratio of 15.36, a price-to-earnings-growth ratio of 1.84 and a beta of 1.02.

Genpact (NYSE:G - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.04. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Genpact had a net margin of 10.77% and a return on equity of 22.50%. The firm's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same period last year, the business earned $0.73 EPS. On average, research analysts predict that Genpact Limited will post 3.21 EPS for the current fiscal year.

Insiders Place Their Bets

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of Genpact 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 completion of the sale, the chief executive officer now directly owns 310,246 shares in the company, valued at $15,167,926.94. The trade was a 4.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.07% of the stock is owned by insiders.

Wall Street Analyst Weigh In

G has been the subject of a number of research analyst reports. Needham & Company LLC lowered their price objective on shares of Genpact from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday. TD Cowen raised shares of Genpact from a "hold" rating to a "buy" rating and raised their price objective for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Robert W. Baird dropped their price target on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a research note on Thursday. Jefferies Financial Group upgraded shares of Genpact from a "hold" rating to a "buy" rating and upped their target price for the stock from $44.00 to $55.00 in a research report on Tuesday, January 21st. Finally, Mizuho upped their price objective on shares of Genpact from $45.00 to $55.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $50.71.

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.