Kera Capital Partners Inc. Takes $268,000 Position in Genpact Limited (NYSE:G)

Kera Capital Partners Inc. purchased a new stake in Genpact Limited (NYSE:G) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,245 shares of the business services provider’s stock, valued at approximately $268,000.

Other large investors also recently bought and sold shares of the company. Jensen Investment Management Inc. increased its position in shares of Genpact by 6.4% in the third quarter. Jensen Investment Management Inc. now owns 189,985 shares of the business services provider’s stock valued at $7,449,000 after buying an additional 11,410 shares in the last quarter. Stifel Financial Corp purchased a new stake in Genpact in the 3rd quarter worth $1,197,000. Vanguard Personalized Indexing Management LLC raised its position in Genpact by 53.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 49,134 shares of the business services provider’s stock worth $1,580,000 after acquiring an additional 17,034 shares during the period. Burney Co. lifted its holdings in Genpact by 242.8% during the fourth quarter. Burney Co. now owns 130,798 shares of the business services provider’s stock valued at $5,618,000 after purchasing an additional 92,641 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Genpact by 192.8% in the third 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 and hedge funds own 96.03% of the company’s stock.

Genpact Stock Performance

NYSE G opened at $45.13 on Friday. The stock has a fifty day simple moving average of $44.44 and a 200-day simple moving average of $39.72. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The stock has a market cap of $7.96 billion, a PE ratio of 12.40, a P/E/G ratio of 1.43 and a beta of 1.18. Genpact Limited has a twelve month low of $30.23 and a twelve month high of $47.98.

Insider Activity

In related news, SVP Piyush Mehta sold 12,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.83, for a total transaction of $513,960.00. Following the completion of the transaction, the senior vice president now directly owns 151,182 shares in the company, valued at $6,475,125.06. This trade represents a 7.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $44.60, for a total transaction of $606,560.00. Following the sale, the chief executive officer now owns 267,404 shares in the company, valued at $11,926,218.40. This trade represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,058 shares of company stock valued at $1,558,675. Company insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on G. TD Cowen raised their price target on shares of Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Robert W. Baird increased their target price on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Needham & Company LLC lifted their price target on Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $42.33.

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.