Genpact Limited (NYSE:G) Shares Acquired by Birch Capital Management LLC

Birch Capital Management LLC lifted its holdings in Genpact Limited (NYSE:G) by 22.4% during the fourth quarter, Holdings Channel reports. The fund owned 114,082 shares of the business services provider’s stock after buying an additional 20,866 shares during the quarter. Genpact makes up 2.5% of Birch Capital Management LLC’s holdings, making the stock its 15th largest holding. Birch Capital Management LLC’s holdings in Genpact were worth $4,900,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC grew its position in shares of Genpact by 74.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 1,121 shares during the period. Versant Capital Management Inc grew its position in shares of Genpact by 17.0% in the fourth quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider’s stock valued at $136,000 after purchasing an additional 461 shares during the period. GAMMA Investing LLC raised its position in shares of Genpact by 221.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock worth $131,000 after purchasing an additional 2,293 shares during the last quarter. Centaurus Financial Inc. purchased a new position in Genpact in the 3rd quarter valued at about $159,000. Finally, Everence Capital Management Inc. acquired a new stake in Genpact in the 4th quarter worth about $210,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $44.60, for a total value of $606,560.00. Following the completion of the sale, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at approximately $11,926,218.40. This represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last ninety days, insiders have sold 23,058 shares of company stock worth $1,044,715. Company insiders own 2.80% of the company’s stock.

Genpact Stock Down 2.1 %

Genpact stock traded down $0.92 during mid-day trading on Tuesday, reaching $42.74. 395,984 shares of the company’s stock were exchanged, compared to its average volume of 965,191. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact Limited has a twelve month low of $30.23 and a twelve month high of $47.98. The company has a market cap of $7.54 billion, a P/E ratio of 11.74, a P/E/G ratio of 1.54 and a beta of 1.18. The company has a fifty day moving average of $43.70 and a 200-day moving average of $39.02.

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date was Monday, December 9th. Genpact’s dividend payout ratio is presently 16.76%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on G. Robert W. Baird lifted their price target on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Needham & Company LLC raised their price target on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. TD Cowen upped their price objective 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. Finally, Jefferies Financial Group raised their target price on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Eight research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Genpact currently has a consensus rating of “Hold” and a consensus price target 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.