SRH Advisors LLC Makes New Investment in Genpact Limited (NYSE:G)

SRH Advisors LLC purchased a new stake in shares of Genpact Limited (NYSE:G) in the 4th quarter, Holdings Channel reports. The fund purchased 600 shares of the business services provider’s stock, valued at approximately $26,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Franklin Resources Inc. lifted its position in Genpact by 6.5% during the third quarter. Franklin Resources Inc. now owns 4,148,185 shares of the business services provider’s stock valued at $162,318,000 after purchasing an additional 252,674 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Genpact by 12.6% in the third quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock worth $148,142,000 after buying an additional 413,646 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Genpact by 192.8% during 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 buying an additional 2,060,595 shares in the last quarter. ARGA Investment Management LP lifted its position in shares of Genpact by 14.1% during the 4th quarter. ARGA Investment Management LP now owns 772,917 shares of the business services provider’s stock valued at $33,197,000 after buying an additional 95,413 shares in the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in shares of Genpact during the 3rd quarter valued at approximately $19,779,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Stock Performance

NYSE G opened at $54.78 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85. Genpact Limited has a 1-year low of $30.23 and a 1-year high of $56.76. The business has a 50 day simple moving average of $45.25 and a two-hundred day simple moving average of $41.55. The stock has a market capitalization of $9.66 billion, a PE ratio of 19.29, a P/E/G ratio of 1.63 and a beta of 1.20.

Genpact (NYSE:G) last posted its earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.61%. On average, research analysts predict that Genpact Limited will post 3.08 EPS for the current fiscal year.

Genpact Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.24%. This is a boost from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, March 11th. Genpact’s dividend payout ratio is currently 21.48%.

Analysts Set New Price Targets

G has been the topic of a number of recent analyst reports. Jefferies Financial Group upgraded shares of Genpact from a “hold” rating to a “buy” rating and raised their target price for the stock from $44.00 to $55.00 in a research note on Tuesday, January 21st. Mizuho raised their price objective on shares of Genpact from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday. TD Cowen raised shares of Genpact from a “hold” rating to a “buy” rating and upped their target price for the stock from $45.00 to $60.00 in a report on Friday, February 7th. Needham & Company LLC raised their price target on Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, February 7th. Finally, Robert W. Baird boosted their price objective on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $48.44.

Insider Activity at Genpact

In related news, CEO Balkrishan Kalra sold 9,000 shares of the firm’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $46.40, for a total value of $417,600.00. Following the completion of the sale, the chief executive officer now directly owns 267,404 shares in the company, valued at $12,407,545.60. This trade represents a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Piyush Mehta sold 12,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction of $513,960.00. Following the transaction, the senior vice president now owns 151,182 shares in the company, valued at $6,475,125.06. This trade represents a 7.35 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 35,058 shares of company stock valued at $1,558,675. Insiders own 2.80% of the company’s stock.

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.