Genpact Limited (NYSE:G) Shares Bought by Artisan Partners Limited Partnership

Artisan Partners Limited Partnership increased its holdings in Genpact Limited (NYSE:G) by 0.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,719,413 shares of the business services provider’s stock after buying an additional 897 shares during the period. Artisan Partners Limited Partnership owned about 0.97% of Genpact worth $73,849,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position in Genpact by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 16,962,496 shares of the business services provider’s stock worth $728,539,000 after buying an additional 61,376 shares during the period. LPL Financial LLC lifted its position in Genpact by 42.3% in the 4th quarter. LPL Financial LLC now owns 36,268 shares of the business services provider’s stock valued at $1,558,000 after purchasing an additional 10,776 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Genpact during the 4th quarter valued at about $669,000. KLP Kapitalforvaltning AS bought a new position in Genpact in the 4th quarter worth about $1,473,000. Finally, AXQ Capital LP increased its stake in shares of Genpact by 60.2% in the fourth quarter. AXQ Capital LP now owns 25,801 shares of the business services provider’s stock valued at $1,108,000 after purchasing an additional 9,696 shares during the period. Institutional investors own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the company. TD Cowen upgraded Genpact from a “hold” rating to a “buy” rating and boosted their price target for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Needham & Company LLC increased their target price on shares of Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Mizuho upped their price target on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Finally, Jefferies Financial Group upgraded shares of Genpact from a “hold” rating to a “buy” rating and raised their price objective for the company from $44.00 to $55.00 in a research note on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $48.44.

Genpact Stock Up 0.8 %

NYSE G opened at $50.76 on Friday. The company has a market capitalization of $8.92 billion, a P/E ratio of 17.87, a PEG ratio of 1.84 and a beta of 1.16. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $56.76. The company’s 50 day simple moving average is $50.74 and its 200 day simple moving average is $44.94. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85.

Genpact (NYSE:G) last issued its earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). Genpact had a return on equity of 22.50% and a net margin of 10.77%. Equities research analysts expect that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, March 11th. This is a positive change from Genpact’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.34%. Genpact’s dividend payout ratio is currently 23.94%.

Insiders Place Their Bets

In other news, SVP Piyush Mehta sold 12,000 shares of Genpact stock in a transaction on Friday, January 10th. The stock was 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 approximately $6,475,125.06. The trade was a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $48.89, for a total value of $664,904.00. Following the completion of the sale, the chief executive officer now directly owns 310,246 shares of the company’s stock, valued at approximately $15,167,926.94. This represents a 4.20 % 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.

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.