4,381 Shares in Genpact Limited (NYSE:G) Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd bought a new position in Genpact Limited (NYSE:G) in the fourth quarter, Holdings Channel reports. The institutional investor bought 4,381 shares of the business services provider’s stock, valued at approximately $188,000.

A number of other hedge funds also recently bought and sold shares of the company. CIBC Asset Management Inc purchased a new position in Genpact in the 3rd quarter worth approximately $212,000. Natixis Advisors LLC increased its stake in Genpact by 9.3% in the 3rd quarter. Natixis Advisors LLC now owns 121,486 shares of the business services provider’s stock worth $4,763,000 after purchasing an additional 10,354 shares during the period. Caprock Group LLC increased its stake in Genpact by 31.2% in the 3rd quarter. Caprock Group LLC now owns 9,716 shares of the business services provider’s stock worth $381,000 after purchasing an additional 2,310 shares during the period. Advisors Asset Management Inc. increased its stake in Genpact by 3.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock worth $270,000 after purchasing an additional 226 shares during the period. Finally, Landscape Capital Management L.L.C. purchased a new position in Genpact in the 3rd quarter worth approximately $540,000. Institutional investors own 96.03% of the company’s stock.

Analyst Ratings Changes

G has been the topic of a number of analyst reports. Mizuho lifted their price target on Genpact from $45.00 to $55.00 and gave the stock 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 boosted their target price for the company from $44.00 to $55.00 in a research note on Tuesday, January 21st. Needham & Company LLC boosted their target price on Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Finally, TD Cowen raised Genpact from a “hold” rating to a “buy” rating and boosted their target price for the company from $45.00 to $60.00 in a research note on Friday, February 7th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $48.44.

Genpact Price Performance

Shares of G stock opened at $49.90 on Friday. The stock has a market cap of $8.77 billion, a price-to-earnings ratio of 17.57, a PEG ratio of 1.84 and a beta of 1.16. The business’s fifty day moving average is $50.27 and its 200 day moving average is $44.66. Genpact Limited has a twelve month low of $30.23 and a twelve month high of $56.76. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.50.

Genpact (NYSE:G) last issued its quarterly earnings results 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 return on equity of 22.50% and a net margin of 10.77%. Research analysts expect that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.36%. This is an increase from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, March 11th. Genpact’s payout ratio is 23.94%.

Insiders Place Their Bets

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $48.89, for a total value 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Piyush Mehta sold 12,000 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $42.83, for a total value of $513,960.00. Following the transaction, the senior vice president now directly owns 151,182 shares in the company, valued at approximately $6,475,125.06. The trade was a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.