Barclays PLC Acquires 100,419 Shares of Genpact Limited (NYSE:G)

Barclays PLC lifted its holdings in Genpact Limited (NYSE:G - Free Report) by 202.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 149,923 shares of the business services provider's stock after acquiring an additional 100,419 shares during the quarter. Barclays PLC owned 0.09% of Genpact worth $6,438,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank bought a new stake in Genpact during the 4th quarter valued at $90,516,000. JPMorgan Chase & Co. raised its holdings in Genpact by 192.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider's stock valued at $122,701,000 after buying an additional 2,060,595 shares during the last quarter. Tandem Investment Advisors Inc. raised its holdings in Genpact by 390.5% during the 4th quarter. Tandem Investment Advisors Inc. now owns 2,129,915 shares of the business services provider's stock valued at $91,480,000 after buying an additional 1,695,706 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Genpact by 18.1% during the 4th quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider's stock valued at $423,205,000 after buying an additional 1,511,790 shares during the last quarter. Finally, Swiss National Bank bought a new stake in Genpact during the 4th quarter valued at $14,298,000. 96.03% of the stock is currently owned by institutional investors.

Insider Activity at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of the company's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $48.89, for a total transaction of $664,904.00. Following the transaction, the chief executive officer now owns 310,246 shares in the company, valued at approximately $15,167,926.94. This represents a 4.20 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is currently owned by insiders.

Genpact Stock Up 2.9 %

Shares of NYSE:G traded up $1.40 during midday trading on Wednesday, reaching $50.29. The company's stock had a trading volume of 1,528,519 shares, compared to its average volume of 1,331,138. The firm has a 50 day moving average of $49.52 and a 200-day moving average of $46.51. The firm has a market capitalization of $8.83 billion, a P/E ratio of 17.71, a PEG ratio of 1.84 and a beta of 1.06. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.50. Genpact Limited has a 12-month low of $30.38 and a 12-month high of $56.76.

Genpact (NYSE:G - Get Free Report) last announced its quarterly earnings data 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 net margin of 10.77% and a return on equity of 22.50%. On average, research analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.35%. This is an increase from Genpact's previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, March 11th. Genpact's dividend payout ratio is 23.94%.

Wall Street Analysts Forecast Growth

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

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.