Essex Investment Management Co. LLC Has $35,000 Stock Holdings in Genpact Limited (NYSE:G)

Essex Investment Management Co. LLC decreased its holdings in shares of Genpact Limited (NYSE:G) by 58.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 823 shares of the business services provider’s stock after selling 1,155 shares during the period. Essex Investment Management Co. LLC’s holdings in Genpact were worth $35,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of G. Advisors Asset Management Inc. grew its stake in shares of 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 acquiring an additional 226 shares in the last quarter. CIBC Asset Management Inc grew its stake in shares of Genpact by 5.5% in the 4th quarter. CIBC Asset Management Inc now owns 5,692 shares of the business services provider’s stock worth $244,000 after acquiring an additional 297 shares in the last quarter. Tealwood Asset Management Inc. grew its stake in shares of Genpact by 1.4% in the 4th quarter. Tealwood Asset Management Inc. now owns 24,658 shares of the business services provider’s stock worth $1,059,000 after acquiring an additional 339 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Genpact by 55.7% in the 4th quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock worth $52,000 after acquiring an additional 433 shares in the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Genpact by 8.7% in the 4th quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider’s stock worth $217,000 after acquiring an additional 441 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insider Transactions at Genpact

In other news, SVP Piyush Mehta sold 12,000 shares of the stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $42.83, for a total value of $513,960.00. Following the sale, the senior vice president now directly owns 151,182 shares of the company’s stock, valued at approximately $6,475,125.06. This represents 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 Friday, December 13th. The stock was sold at an average price of $44.60, for a total transaction of $606,560.00. Following the completion of the sale, the chief executive officer now directly owns 267,404 shares in the company, valued at approximately $11,926,218.40. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

G has been the subject of several recent analyst reports. TD Cowen upgraded shares of Genpact from a “hold” rating to a “buy” rating and upped their target price for the stock from $45.00 to $60.00 in a research note on Friday, February 7th. Needham & Company LLC increased their price target 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 increased their price target on shares of Genpact from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Finally, Jefferies Financial Group upgraded shares of Genpact from a “hold” rating to a “buy” rating and increased their price target for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Genpact currently has a consensus rating of “Hold” and a consensus target price of $48.44.

Genpact Price Performance

Shares of NYSE:G opened at $50.15 on Tuesday. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $8.81 billion, a PE ratio of 17.66, a P/E/G ratio of 1.84 and a beta of 1.16. Genpact Limited has a twelve month low of $30.23 and a twelve month high of $56.76. The company has a 50-day moving average price of $49.06 and a two-hundred day moving average price of $44.01.

Genpact (NYSE:G) last issued its earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share 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 analysts forecast that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Genpact’s previous quarterly dividend of $0.15. Genpact’s dividend payout ratio (DPR) is currently 23.94%.

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.