Legal & General Group Plc Has $14.32 Million Stock Holdings in Genpact Limited (NYSE:G)

Legal & General Group Plc lifted its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 77.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 333,333 shares of the business services provider's stock after acquiring an additional 145,112 shares during the period. Legal & General Group Plc owned approximately 0.19% of Genpact worth $14,317,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Stifel Financial Corp bought a new position in shares of Genpact during the third quarter valued at about $1,197,000. Blue Trust Inc. increased its position in shares of Genpact by 8.7% during the fourth quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider's stock valued at $217,000 after acquiring an additional 441 shares during the last quarter. Burney Co. boosted its position in Genpact by 242.8% in the fourth quarter. Burney Co. now owns 130,798 shares of the business services provider's stock worth $5,618,000 after purchasing an additional 92,641 shares during the last quarter. KBC Group NV purchased a new stake in Genpact during the fourth quarter worth about $298,000. Finally, JPMorgan Chase & Co. boosted its holdings in Genpact by 192.8% in 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 period. Institutional investors own 96.03% of the company's stock.

Genpact Price Performance

Shares of NYSE G traded down $0.42 during trading on Monday, reaching $47.18. The company had a trading volume of 32,787 shares, compared to its average volume of 1,342,103. The stock has a market capitalization of $8.29 billion, a PE ratio of 16.65, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. 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 Limited has a twelve month low of $30.38 and a twelve month high of $56.76. The stock has a 50-day moving average price of $50.52 and a two-hundred day moving average price of $46.13.

Genpact (NYSE:G - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.82 earnings per share 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, sell-side analysts predict 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. Stockholders of record on Tuesday, March 11th were issued a $0.17 dividend. 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 1.44%. Genpact's dividend payout ratio is 23.94%.

Insider Transactions at Genpact

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

Analysts Set New Price Targets

Several equities research analysts recently commented on G shares. Jefferies Financial Group raised shares of Genpact from a "hold" rating to a "buy" rating and boosted their price objective for the stock from $44.00 to $55.00 in a research note on Tuesday, January 21st. Mizuho raised their price target on Genpact from $45.00 to $55.00 and gave the company a "neutral" rating in a report on Monday, February 10th. TD Cowen raised Genpact from a "hold" rating to a "buy" rating and raised their price target for the stock from $45.00 to $60.00 in a research note on Friday, February 7th. Finally, Needham & Company LLC boosted their price target on Genpact from $55.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday, February 7th. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $48.44.

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.