Genpact Limited (NYSE:G) Short Interest Up 31.2% in March

Genpact Limited (NYSE:G - Get Free Report) saw a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 4,420,000 shares, an increase of 31.2% from the March 15th total of 3,370,000 shares. Currently, 2.5% of the shares of the stock are sold short. Based on an average trading volume of 1,560,000 shares, the days-to-cover ratio is presently 2.8 days.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on G shares. Citigroup boosted their target price on shares of Genpact from $35.00 to $36.00 and gave the company a "neutral" rating in a report on Wednesday, January 17th. Needham & Company LLC restated a "buy" rating and set a $40.00 price objective on shares of Genpact in a report on Friday, February 9th. StockNews.com lowered Genpact from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 5th. Mizuho began coverage on Genpact in a research report on Tuesday, January 30th. They set a "neutral" rating and a $40.00 price target for the company. Finally, JPMorgan Chase & Co. raised their price objective on Genpact from $42.00 to $43.00 and gave the stock an "underweight" rating in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $40.11.

Genpact Stock Down 1.7 %

NYSE:G traded down $0.55 during trading hours on Friday, hitting $31.21. The stock had a trading volume of 996,463 shares, compared to its average volume of 1,750,087. The business has a 50 day simple moving average of $33.94 and a two-hundred day simple moving average of $34.46. Genpact has a 1-year low of $29.41 and a 1-year high of $45.99. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.37. The company has a market cap of $5.63 billion, a PE ratio of 9.10, a price-to-earnings-growth ratio of 1.49 and a beta of 1.07.

Genpact (NYSE:G - Get Free Report) last released its earnings results on Thursday, February 8th. The business services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.12 billion. Genpact had a return on equity of 23.19% and a net margin of 14.10%. Analysts predict that Genpact will post 2.7 EPS for the current year.

Genpact Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Monday, March 11th were issued a $0.153 dividend. The ex-dividend date was Friday, March 8th. This is a positive change from Genpact's previous quarterly dividend of $0.14. This represents a $0.61 annualized dividend and a dividend yield of 1.96%. Genpact's payout ratio is 17.78%.

Insider Transactions at Genpact

In other Genpact news, SVP Heather White sold 11,450 shares of the company's stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $36.00, for a total value of $412,200.00. Following the transaction, the senior vice president now directly owns 21,175 shares in the company, valued at approximately $762,300. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.80% of the company's stock.

Hedge Funds Weigh In On Genpact

A number of large investors have recently bought and sold shares of the business. Moneta Group Investment Advisors LLC boosted its holdings in shares of Genpact by 103,311.3% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 4,937,889 shares of the business services provider's stock valued at $228,723,000 after acquiring an additional 4,933,114 shares during the period. First Trust Advisors LP increased its stake in shares of Genpact by 290.8% in the fourth quarter. First Trust Advisors LP now owns 3,071,231 shares of the business services provider's stock valued at $106,602,000 after purchasing an additional 2,285,310 shares during the period. Capital International Investors raised its holdings in shares of Genpact by 101.8% during the first quarter. Capital International Investors now owns 3,963,229 shares of the business services provider's stock valued at $172,440,000 after buying an additional 1,999,617 shares during the last quarter. Norges Bank acquired a new position in shares of Genpact during the fourth quarter worth approximately $68,683,000. Finally, FMR LLC grew its holdings in Genpact by 8.1% in the 3rd quarter. FMR LLC now owns 17,644,694 shares of the business services provider's stock worth $638,738,000 after buying an additional 1,327,435 shares in the last quarter. Institutional investors own 96.03% of the company's stock.

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.