Signaturefd LLC Increases Holdings in Genpact Limited (NYSE:G)

Signaturefd LLC lifted its holdings in Genpact Limited (NYSE:G) by 11.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 19,021 shares of the business services provider’s stock after acquiring an additional 1,952 shares during the period. Signaturefd LLC’s holdings in Genpact were worth $817,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake in Genpact by 3.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock worth $270,000 after purchasing an additional 226 shares in the last quarter. CIBC Asset Management Inc grew its position in shares of Genpact by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 5,692 shares of the business services provider’s stock valued at $244,000 after purchasing an additional 297 shares in the last quarter. Tealwood Asset Management Inc. increased its holdings in shares of Genpact by 1.4% in the fourth quarter. Tealwood Asset Management Inc. now owns 24,658 shares of the business services provider’s stock worth $1,059,000 after purchasing an additional 339 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Genpact by 55.7% in the fourth quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock worth $52,000 after buying an additional 433 shares in the last quarter. Finally, Blue Trust Inc. boosted its stake in Genpact by 8.7% during the fourth quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider’s stock valued at $217,000 after buying an additional 441 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction that occurred on Thursday, March 13th. The shares were 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 of the company’s stock, valued at approximately $15,167,926.94. This trade represents a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Piyush Mehta sold 12,000 shares of Genpact stock in a transaction that occurred 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 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 disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

Genpact Trading Up 1.4 %

Shares of G opened at $51.17 on Thursday. Genpact Limited has a twelve month low of $30.23 and a twelve month high of $56.76. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The company’s fifty day simple moving average is $50.01 and its 200-day simple moving average is $44.51. The company has a market cap of $8.99 billion, a P/E ratio of 18.02, a P/E/G ratio of 1.84 and a beta of 1.16.

Genpact (NYSE:G) last announced its 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%. As a group, analysts expect that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.33%. The ex-dividend date is Tuesday, March 11th. This is an increase from Genpact’s previous quarterly dividend of $0.15. Genpact’s dividend payout ratio is 23.94%.

Analyst Upgrades and Downgrades

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