Bryce Point Capital LLC Invests $488,000 in Genpact Limited (NYSE:G)

Bryce Point Capital LLC bought a new stake in shares of Genpact Limited (NYSE:G) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 11,356 shares of the business services provider’s stock, valued at approximately $488,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Trexquant Investment LP grew its holdings in shares of Genpact by 177.3% during the 4th quarter. Trexquant Investment LP now owns 239,127 shares of the business services provider’s stock worth $10,271,000 after purchasing an additional 152,905 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Genpact by 3.6% in the 4th quarter. Geode Capital Management LLC now owns 3,825,344 shares of the business services provider’s stock valued at $170,175,000 after buying an additional 133,938 shares in the last quarter. GFI Investment Counsel Ltd. lifted its holdings in shares of Genpact by 2.4% during the 4th quarter. GFI Investment Counsel Ltd. now owns 1,320,949 shares of the business services provider’s stock worth $56,735,000 after acquiring an additional 31,111 shares during the period. Franklin Resources Inc. boosted its position in shares of Genpact by 1.3% during the 4th quarter. Franklin Resources Inc. now owns 4,203,956 shares of the business services provider’s stock valued at $180,560,000 after acquiring an additional 55,771 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its stake in Genpact by 15.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,361 shares of the business services provider’s stock valued at $445,000 after acquiring an additional 1,402 shares during the period. 96.03% of the stock is owned by institutional investors.

Genpact Stock Performance

G stock opened at $47.08 on Friday. The stock has a market capitalization of $8.27 billion, a PE ratio of 16.58, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85. The company has a 50 day moving average price of $51.20 and a 200 day moving average price of $45.39. Genpact Limited has a fifty-two week low of $30.23 and a fifty-two week high of $56.76.

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

Genpact Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.44%. This is an increase from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, March 11th. Genpact’s payout ratio is 23.94%.

Insider Activity at Genpact

In other news, SVP Piyush Mehta sold 12,000 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.83, for a total value of $513,960.00. Following the completion of the sale, the senior vice president now directly owns 151,182 shares of the company’s stock, valued at $6,475,125.06. This represents a 7.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $48.89, for a total transaction of $664,904.00. Following the transaction, the chief executive officer now directly owns 310,246 shares in the company, valued at $15,167,926.94. The trade was a 4.20 % decrease in their position. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

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

Genpact Company 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.