Genpact Limited (NYSE:G) Shares Sold by Vulcan Value Partners LLC

Vulcan Value Partners LLC cut its position in Genpact Limited (NYSE:G - Free Report) by 21.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,087,144 shares of the business services provider's stock after selling 295,996 shares during the quarter. Genpact accounts for 0.8% of Vulcan Value Partners LLC's holdings, making the stock its 26th largest holding. Vulcan Value Partners LLC owned approximately 0.62% of Genpact worth $46,693,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. boosted its holdings in Genpact by 8.7% in the fourth quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider's stock valued at $217,000 after purchasing an additional 441 shares during the period. Burney Co. boosted its stake in shares of Genpact by 242.8% in the 4th quarter. Burney Co. now owns 130,798 shares of the business services provider's stock valued at $5,618,000 after buying an additional 92,641 shares during the period. KBC Group NV acquired a new position in shares of Genpact during the fourth quarter worth about $298,000. JPMorgan Chase & Co. increased its stake in shares of Genpact by 192.8% during the third quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider's stock worth $122,701,000 after buying an additional 2,060,595 shares during the period. Finally, State of New Jersey Common Pension Fund D acquired a new stake in Genpact in the fourth quarter valued at approximately $2,030,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on G shares. TD Cowen raised shares of Genpact from a "hold" rating to a "buy" rating and increased their price objective for the company from $45.00 to $60.00 in a research report on Friday, February 7th. Mizuho raised their price target on Genpact from $45.00 to $55.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Jefferies Financial Group raised Genpact from a "hold" rating to a "buy" rating and upped their price objective for the stock from $44.00 to $55.00 in a research report on Tuesday, January 21st. Finally, Needham & Company LLC raised 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Genpact has an average rating of "Hold" and a consensus price target of $50.38.

Genpact Stock Performance

Shares of NYSE G traded down $0.67 during trading hours on Thursday, reaching $49.59. The stock had a trading volume of 388,750 shares, compared to its average volume of 1,452,288. The firm has a market cap of $8.71 billion, a price-to-earnings ratio of 17.46, a PEG ratio of 1.84 and a beta of 1.06. Genpact Limited has a fifty-two week low of $30.38 and a fifty-two week high of $56.76. The firm has a 50-day moving average of $49.52 and a 200-day moving average of $46.51. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50.

Genpact (NYSE:G - Get Free Report) last announced its earnings results 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%. Equities research analysts predict that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Increases Dividend

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

Insider Activity

In other news, CEO Balkrishan Kalra sold 13,600 shares of the company's stock in a transaction that occurred on Thursday, March 13th. The stock was 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 in the company, valued at $15,167,926.94. This represents a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.80% of the company's stock.

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.