Vest Financial LLC Increases Position in Genpact Limited (NYSE:G)

Vest Financial LLC grew its holdings in Genpact Limited (NYSE:G - Free Report) by 36.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 78,543 shares of the business services provider's stock after purchasing an additional 20,792 shares during the quarter. Vest Financial LLC's holdings in Genpact were worth $3,957,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Coppell Advisory Solutions LLC increased its holdings in shares of Genpact by 529.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock worth $25,000 after buying an additional 503 shares during the last quarter. SRH Advisors LLC acquired a new stake in shares of Genpact during the 4th quarter worth approximately $26,000. Atlas Capital Advisors Inc. increased its holdings in shares of Genpact by 55.8% during the 4th quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider's stock worth $26,000 after buying an additional 216 shares during the last quarter. Manchester Capital Management LLC acquired a new stake in shares of Genpact during the 4th quarter worth approximately $38,000. Finally, GeoWealth Management LLC increased its holdings in Genpact by 199.0% in the 4th 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 last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Genpact

In related news, CEO Balkrishan Kalra sold 13,600 shares of the business's stock in a transaction 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 of the company's stock, valued at $15,167,926.94. The trade was a 4.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nicholas C. Gangestad purchased 2,000 shares of Genpact stock in a transaction that occurred on Tuesday, May 13th. The stock was bought at an average cost of $43.97 per share, with a total value of $87,940.00. Following the completion of the transaction, the director now owns 2,000 shares of the company's stock, valued at $87,940. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.07% of the stock is owned by corporate insiders.

Genpact Stock Up 2.4%

Shares of NYSE:G traded up $0.99 during trading on Friday, hitting $43.09. The company's stock had a trading volume of 1,606,953 shares, compared to its average volume of 1,376,127. The business has a 50 day moving average price of $45.98 and a two-hundred day moving average price of $47.21. The company has a market capitalization of $7.54 billion, a PE ratio of 15.17, a P/E/G ratio of 1.84 and a beta of 0.94. 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 fifty-two week low of $30.38 and a fifty-two week high of $56.76.

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

Genpact Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.58%. Genpact's dividend payout ratio (DPR) is presently 23.21%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on G. TD Cowen upgraded shares of Genpact from a "hold" rating to a "buy" rating and lifted their target price for the company from $45.00 to $60.00 in a report on Friday, February 7th. Robert W. Baird dropped their target price on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Mizuho lifted their target price on shares of Genpact from $45.00 to $55.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Needham & Company LLC dropped their target price on shares of Genpact from $55.00 to $50.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of Genpact from a "buy" rating to a "strong-buy" rating in a report on Friday. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $50.71.

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.