Geode Capital Management LLC Increases Position in Genpact Limited (G)

Geode Capital Management LLC increased its holdings in Genpact Limited (NYSE:G) by 13.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,213,294 shares of the business services provider’s stock after purchasing an additional 140,537 shares during the period. Geode Capital Management LLC’s holdings in Genpact were worth $38,509,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. American International Group Inc. bought a new position in Genpact during the fourth quarter valued at $114,000. Advisor Group Inc. increased its position in Genpact by 59.8% during the third quarter. Advisor Group Inc. now owns 5,017 shares of the business services provider’s stock valued at $145,000 after acquiring an additional 1,878 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Genpact by 7.5% during the second quarter. The Manufacturers Life Insurance Company now owns 6,508 shares of the business services provider’s stock valued at $181,000 after acquiring an additional 455 shares during the last quarter. Visionary Asset Management Inc. bought a new position in Genpact during the third quarter valued at $232,000. Finally, Dynamic Technology Lab Private Ltd bought a new position in Genpact during the third quarter valued at $240,000. Institutional investors own 91.01% of the company’s stock.

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In related news, Director James C. Madden sold 4,270 shares of the company’s stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $30.92, for a total value of $132,028.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Arvinder Singh sold 22,690 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $33.95, for a total transaction of $770,325.50. The disclosure for this sale can be found here. Corporate insiders own 1.41% of the company’s stock.

A number of research analysts have weighed in on G shares. Citigroup cut their price objective on shares of Genpact from $39.00 to $37.50 and set a “buy” rating on the stock in a research report on Tuesday, February 13th. Cantor Fitzgerald reiterated a “buy” rating and set a $36.00 price objective on shares of Genpact in a research report on Tuesday, February 13th. Zacks Investment Research cut shares of Genpact from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. BMO Capital Markets boosted their price objective on shares of Genpact to $35.00 and gave the company a “market perform” rating in a research report on Tuesday, February 13th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Genpact from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $34.65.

Genpact Limited (NYSE G) opened at $32.51 on Tuesday. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 0.71. The company has a market cap of $6,307.42, a PE ratio of 24.26, a PEG ratio of 2.10 and a beta of 0.63. Genpact Limited has a 1-year low of $23.34 and a 1-year high of $34.79.

Genpact (NYSE:G) last posted its quarterly earnings results on Monday, February 12th. The business services provider reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. The firm had revenue of $734.41 million for the quarter, compared to analysts’ expectations of $723.55 million. Genpact had a net margin of 9.61% and a return on equity of 22.75%. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 earnings per share. research analysts predict that Genpact Limited will post 1.55 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 21st. Stockholders of record on Friday, March 9th will be issued a $0.075 dividend. The ex-dividend date is Thursday, March 8th. This is a boost from Genpact’s previous quarterly dividend of $0.06. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.92%. Genpact’s dividend payout ratio is presently 22.39%.

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Genpact Company Profile

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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