LPL Financial LLC Has $1.56 Million Holdings in Genpact Limited (NYSE:G)

LPL Financial LLC increased its stake in shares of Genpact Limited (NYSE:G - Free Report) by 42.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 36,268 shares of the business services provider's stock after buying an additional 10,776 shares during the period. LPL Financial LLC's holdings in Genpact were worth $1,558,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. HighTower Advisors LLC purchased a new stake in shares of Genpact in the third quarter valued at about $232,000. Stifel Financial Corp purchased a new stake in shares of Genpact in the third quarter valued at about $1,197,000. Orion Portfolio Solutions LLC purchased a new stake in shares of Genpact in the third quarter valued at about $211,000. MML Investors Services LLC lifted its holdings in shares of Genpact by 31.4% in the third quarter. MML Investors Services LLC now owns 12,058 shares of the business services provider's stock valued at $473,000 after purchasing an additional 2,879 shares in the last quarter. Finally, M&T Bank Corp acquired a new stake in Genpact during the third quarter worth approximately $206,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Genpact Stock Performance

G stock traded up $0.82 during midday trading on Wednesday, reaching $48.17. The company had a trading volume of 108,189 shares, compared to its average volume of 1,340,982. 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 stock has a 50 day moving average price of $50.19 and a 200 day moving average price of $46.19. Genpact Limited has a fifty-two week low of $30.38 and a fifty-two week high of $56.76. The firm has a market capitalization of $8.46 billion, a PE ratio of 16.96, a P/E/G ratio of 1.84 and a beta of 1.06.

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

Genpact Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders 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 1.41%. This is a positive change 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 (DPR) is 23.94%.

Insider Activity

In related news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $48.89, for a total transaction of $664,904.00. Following the transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 2.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on G. Mizuho raised their price objective on Genpact from $45.00 to $55.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Jefferies Financial Group raised Genpact from a "hold" rating to a "buy" rating and raised their price objective for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. TD Cowen raised Genpact from a "hold" rating to a "buy" rating and lifted their target price for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Finally, Needham & Company LLC lifted their target price on Genpact from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $50.38.

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.