Genpact Limited (NYSE:G) Shares Purchased by Capital International Inc. CA

Capital International Inc. CA raised its holdings in Genpact Limited (NYSE:G - Free Report) by 12.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 293,535 shares of the business services provider's stock after purchasing an additional 31,829 shares during the quarter. Capital International Inc. CA owned 0.17% of Genpact worth $12,607,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. SRH Advisors LLC acquired a new position in shares of Genpact in the fourth quarter worth about $26,000. Atlas Capital Advisors Inc. raised its holdings 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 purchasing an additional 216 shares during the period. Manchester Capital Management LLC purchased a new position in Genpact during the fourth quarter worth approximately $38,000. GeoWealth Management LLC grew its holdings in Genpact by 199.0% in the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock valued at $38,000 after purchasing an additional 583 shares during the period. Finally, Smartleaf Asset Management LLC increased its position in shares of Genpact by 416.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider's stock valued at $41,000 after buying an additional 783 shares in the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Genpact Price Performance

G traded up $0.01 during trading on Friday, reaching $47.83. The company's stock had a trading volume of 205,924 shares, compared to its average volume of 1,341,444. 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 fifty day simple moving average of $49.90 and a two-hundred day simple moving average of $46.25. The company has a market cap of $8.40 billion, a price-to-earnings ratio of 16.86, a PEG ratio of 1.84 and a beta of 1.06. Genpact Limited has a 1 year low of $30.38 and a 1 year high of $56.76.

Genpact (NYSE:G - Get Free Report) last issued its earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.50%. As a group, analysts anticipate that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Genpact's previous quarterly dividend of $0.15. Genpact's payout ratio is presently 23.94%.

Insider Activity at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of the company's 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 transaction, 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 legal filing with the SEC, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by insiders.

Genpact Company 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.