Mercer Global Advisors Inc. ADV Has $3.15 Million Stock Position in Genpact Limited (NYSE:G)

Mercer Global Advisors Inc. ADV increased its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 26.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 73,387 shares of the business services provider's stock after buying an additional 15,348 shares during the quarter. Mercer Global Advisors Inc. ADV's holdings in Genpact were worth $3,152,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Schonfeld Strategic Advisors LLC boosted its holdings in shares of Genpact by 424.3% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 48,744 shares of the business services provider's stock valued at $2,094,000 after buying an additional 39,447 shares during the period. AdvisorShares Investments LLC acquired a new position in Genpact in the 4th quarter worth $469,000. Northern Trust Corp boosted its stake in Genpact by 27.0% in the 4th quarter. Northern Trust Corp now owns 1,395,029 shares of the business services provider's stock worth $59,916,000 after purchasing an additional 296,911 shares during the period. Tudor Investment Corp ET AL bought a new position in Genpact during the 4th quarter worth about $12,219,000. Finally, Quarry LP raised its stake in shares of Genpact by 1,528.6% in the 4th quarter. Quarry LP now owns 1,710 shares of the business services provider's stock valued at $73,000 after purchasing an additional 1,605 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Genpact Stock Performance

Genpact stock traded up $0.41 during midday trading on Friday, reaching $42.45. 3,113,784 shares of the company's stock were exchanged, compared to its average volume of 1,363,096. The stock's 50-day simple moving average is $48.93 and its 200 day simple moving average is $46.92. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 14.95, a P/E/G ratio of 1.84 and a beta of 1.02. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. Genpact Limited has a 52 week low of $30.38 and a 52 week high of $56.76.

Genpact (NYSE:G - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.04. The business had revenue of $1.21 billion for the quarter, compared to analysts' expectations of $1.21 billion. Genpact had a return on equity of 22.50% and a net margin of 10.77%. The firm's revenue for the quarter was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.73 EPS. On average, analysts expect that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Insider Transactions at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction dated Thursday, March 13th. The stock was 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 of the company's stock, valued at approximately $15,167,926.94. This represents a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.07% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on G shares. Jefferies Financial Group raised Genpact from a "hold" rating to a "buy" rating and lifted their target price for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. Mizuho boosted their price objective on shares of Genpact from $45.00 to $55.00 and gave the stock a "neutral" rating in a research report on Monday, February 10th. Robert W. Baird decreased their target price on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday. Needham & Company LLC cut their price target on shares of Genpact from $55.00 to $50.00 and set a "buy" rating on the stock in a research report on Thursday. Finally, TD Cowen upgraded Genpact from a "hold" rating to a "buy" rating and raised their price objective for the company from $45.00 to $60.00 in a 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 company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $48.75.

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.