Ellsworth Advisors LLC Grows Holdings in Genpact Limited (NYSE:G)

Ellsworth Advisors LLC grew its stake in shares of Genpact Limited (NYSE:G) by 5.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,654 shares of the business services provider’s stock after acquiring an additional 4,985 shares during the period. Ellsworth Advisors LLC owned about 0.05% of Genpact worth $3,424,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Sendero Wealth Management LLC raised its stake in Genpact by 21.0% during the 4th quarter. Sendero Wealth Management LLC now owns 22,275 shares of the business services provider’s stock valued at $773,000 after acquiring an additional 3,865 shares in the last quarter. Raymond James & Associates lifted its position in shares of Genpact by 160.1% during the 4th quarter. Raymond James & Associates now owns 275,195 shares of the business services provider’s stock valued at $9,552,000 after acquiring an additional 169,389 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Genpact by 164.9% during the 4th quarter. SG Americas Securities LLC now owns 169,396 shares of the business services provider’s stock valued at $5,880,000 after acquiring an additional 105,454 shares during the last quarter. Vest Financial LLC acquired a new stake in Genpact during the 4th quarter valued at $237,000. Finally, Greenhaven Associates Inc. acquired a new stake in Genpact during the 4th quarter valued at $10,510,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. upped their price target on shares of Genpact from $42.00 to $43.00 and gave the stock an “underweight” rating in a research note on Friday, February 9th. Robert W. Baird reaffirmed a “neutral” rating and issued a $38.00 price target on shares of Genpact in a research note on Friday, December 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Genpact in a research note on Friday, February 9th. StockNews.com raised shares of Genpact from a “buy” rating to a “strong-buy” rating in a research note on Friday, March 1st. Finally, Citigroup increased their target price on shares of Genpact from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $40.11.

Insider Buying and Selling at Genpact

In other Genpact news, SVP Heather White sold 11,450 shares of Genpact stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $36.00, for a total value of $412,200.00. Following the sale, the senior vice president now directly owns 21,175 shares in the company, valued at approximately $762,300. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 2.80% of the company’s stock.

Genpact Price Performance

Shares of Genpact stock traded up $0.19 during midday trading on Friday, reaching $32.95. The company had a trading volume of 2,025,459 shares, compared to its average volume of 1,777,810. The company has a market capitalization of $5.94 billion, a price-to-earnings ratio of 9.60, a price-to-earnings-growth ratio of 1.54 and a beta of 1.08. Genpact Limited has a 1-year low of $29.41 and a 1-year high of $46.25. The stock has a fifty day simple moving average of $34.83 and a 200 day simple moving average of $34.84. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.37.

Genpact (NYSE:G) last posted its quarterly earnings data 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 business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.12 billion. Genpact had a net margin of 14.10% and a return on equity of 23.19%. As a group, equities research analysts forecast that Genpact Limited will post 2.7 earnings per share for the current year.

Genpact Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Monday, March 11th were paid a $0.153 dividend. This is a positive change from Genpact’s previous quarterly dividend of $0.14. This represents a $0.61 annualized dividend and a yield of 1.86%. The ex-dividend date was Friday, March 8th. Genpact’s payout ratio is presently 17.78%.

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.