KLP Kapitalforvaltning AS Takes Position in Genpact Limited (NYSE:G)

KLP Kapitalforvaltning AS bought a new position in shares of Genpact Limited (NYSE:G) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 34,300 shares of the business services provider’s stock, valued at approximately $1,473,000.

A number of other large investors have also added to or reduced their stakes in G. Advisors Asset Management Inc. lifted its position in Genpact by 3.4% during the third quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock worth $270,000 after acquiring an additional 226 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in Genpact by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 5,692 shares of the business services provider’s stock worth $244,000 after purchasing an additional 297 shares during the last quarter. Tealwood Asset Management Inc. boosted its stake in Genpact by 1.4% in the 4th quarter. Tealwood Asset Management Inc. now owns 24,658 shares of the business services provider’s stock valued at $1,059,000 after purchasing an additional 339 shares during the period. UMB Bank n.a. grew its holdings in Genpact by 55.7% in the 4th quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock valued at $52,000 after buying an additional 433 shares in the last quarter. Finally, Blue Trust Inc. increased its position in Genpact by 8.7% during the 4th quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider’s stock worth $217,000 after buying an additional 441 shares during the period. Institutional investors own 96.03% of the company’s stock.

Analysts Set New Price Targets

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

Genpact Trading Down 1.5 %

Shares of G stock opened at $50.00 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. Genpact Limited has a fifty-two week low of $30.23 and a fifty-two week high of $56.76. The company has a market cap of $8.78 billion, a PE ratio of 17.61, a P/E/G ratio of 1.84 and a beta of 1.16. The stock’s fifty day moving average price is $50.84 and its two-hundred day moving average price is $45.02.

Genpact (NYSE:G) last released 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 net margin of 10.77% and a return on equity of 22.50%. Equities analysts predict that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were paid a $0.17 dividend. This is an increase from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, March 11th. This represents a $0.68 annualized dividend and a yield of 1.36%. Genpact’s dividend payout ratio is presently 23.94%.

Insiders Place Their Bets

In other news, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $48.89, for a total transaction of $664,904.00. Following the sale, the chief executive officer now directly owns 310,246 shares in the company, valued at approximately $15,167,926.94. The trade was a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Piyush Mehta sold 12,000 shares of the firm’s 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 completion of the transaction, the senior vice president now owns 151,182 shares of the company’s stock, valued at approximately $6,475,125.06. This trade 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.

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.