Voya Investment Management LLC Has $13.91 Million Position in Genpact Limited (NYSE:G)

Voya Investment Management LLC trimmed its stake in Genpact Limited (NYSE:G - Free Report) by 13.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 323,864 shares of the business services provider's stock after selling 51,432 shares during the quarter. Voya Investment Management LLC owned approximately 0.18% of Genpact worth $13,910,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Blue Trust Inc. increased its position in Genpact by 8.7% during the fourth quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider's stock worth $217,000 after buying an additional 441 shares during the last quarter. Burney Co. increased its holdings in shares of Genpact by 242.8% during the 4th quarter. Burney Co. now owns 130,798 shares of the business services provider's stock worth $5,618,000 after acquiring an additional 92,641 shares during the last quarter. KBC Group NV bought a new stake in Genpact in the 4th quarter valued at $298,000. 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 valued at $122,701,000 after purchasing an additional 2,060,595 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D bought a new position in Genpact during the fourth quarter worth $2,030,000. Institutional investors and hedge funds own 96.03% of the company's stock.

Insider Activity at Genpact

In related news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 310,246 shares of the company's stock, valued at approximately $15,167,926.94. The trade was a 4.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.80% of the stock is currently owned by insiders.

Genpact Price Performance

Genpact stock traded up $0.43 during mid-day trading on Friday, reaching $49.67. 1,329,284 shares of the company were exchanged, compared to its average volume of 1,333,118. The company has a fifty day simple moving average of $49.34 and a 200-day simple moving average of $46.72. The firm has a market cap of $8.73 billion, a PE ratio of 17.49, a PEG ratio of 1.84 and a beta of 1.02. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85. 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 posted its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing analysts' consensus estimates 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 expect that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The company also recently declared 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 is a positive change from Genpact's previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, March 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.37%. Genpact's dividend payout ratio (DPR) is currently 23.94%.

Analysts Set New Price Targets

G has been the subject of a number of research reports. Mizuho raised their target price on shares of Genpact from $45.00 to $55.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Needham & Company LLC boosted their price objective on Genpact from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, February 7th. TD Cowen upgraded Genpact from a "hold" rating to a "buy" rating and increased their target price for the stock from $45.00 to $60.00 in a research note on Friday, February 7th. Finally, Jefferies Financial Group upgraded Genpact from a "hold" rating to a "buy" rating and boosted their price target for the company from $44.00 to $55.00 in a research note on Tuesday, January 21st. Five investment 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, the stock currently has a consensus rating of "Hold" and a consensus price target of $50.38.

About Genpact

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.