Tower Research Capital LLC TRC Raises Position in Genpact Limited (NYSE:G)

Tower Research Capital LLC TRC boosted its position in Genpact Limited (NYSE:G - Free Report) by 319.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 9,786 shares of the business services provider's stock after purchasing an additional 7,451 shares during the period. Tower Research Capital LLC TRC's holdings in Genpact were worth $420,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of G. Norges Bank bought a new position in shares of Genpact in the fourth quarter worth $90,516,000. JPMorgan Chase & Co. lifted 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 worth $122,701,000 after purchasing an additional 2,060,595 shares in the last quarter. Tandem Investment Advisors Inc. boosted its stake in Genpact by 390.5% in the 4th quarter. Tandem Investment Advisors Inc. now owns 2,129,915 shares of the business services provider's stock worth $91,480,000 after purchasing an additional 1,695,706 shares during the period. Victory Capital Management Inc. grew 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 in the last quarter. Finally, Swiss National Bank bought a new stake in shares of Genpact during the fourth quarter valued at about $14,298,000. 96.03% of the stock is owned by institutional investors.

Genpact Price Performance

G traded up $0.24 during trading on Tuesday, reaching $49.81. The stock had a trading volume of 174,298 shares, compared to its average volume of 1,329,563. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. The business has a 50-day moving average of $49.34 and a 200-day moving average of $46.78. Genpact Limited has a one year low of $30.38 and a one year high of $56.76. The stock has a market cap of $8.75 billion, a PE ratio of 17.55, a PEG ratio of 1.84 and a beta of 1.02.

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%. As a group, equities research analysts anticipate that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were paid a $0.17 dividend. This is a boost from Genpact's previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, March 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.37%. Genpact's dividend payout ratio is 23.94%.

Analysts Set New Price Targets

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

Insider Activity at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $48.89, for a total transaction of $664,904.00. Following the completion of the sale, the chief executive officer now owns 310,246 shares of the company's stock, valued at $15,167,926.94. This represents a 4.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.80% of the stock is 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.