Quantinno Capital Management LP Buys 104,448 Shares of Genpact Limited (NYSE:G)

Quantinno Capital Management LP increased its position in Genpact Limited (NYSE:G) by 60.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 276,273 shares of the business services provider’s stock after acquiring an additional 104,448 shares during the quarter. Quantinno Capital Management LP’s holdings in Genpact were worth $11,866,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Genpact by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 16,962,496 shares of the business services provider’s stock valued at $728,539,000 after buying an additional 61,376 shares during the period. Victory Capital Management Inc. increased its stake in shares of Genpact by 18.1% in the fourth quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider’s stock valued at $423,205,000 after buying an additional 1,511,790 shares during the period. Franklin Resources Inc. increased its stake in shares of Genpact by 1.3% in the fourth quarter. Franklin Resources Inc. now owns 4,203,956 shares of the business services provider’s stock valued at $180,560,000 after buying an additional 55,771 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Genpact by 5.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,848,449 shares of the business services provider’s stock valued at $165,288,000 after buying an additional 208,759 shares during the period. Finally, Geode Capital Management LLC increased its stake in shares of Genpact by 3.6% in the fourth 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 during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Genpact Stock Performance

NYSE:G opened at $43.26 on Thursday. The company has a fifty day moving average of $48.25 and a 200-day moving average of $47.05. The firm has a market capitalization of $7.60 billion, a P/E ratio of 15.23, a P/E/G ratio of 1.84 and a beta of 1.02. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.50. Genpact Limited has a twelve month low of $30.38 and a twelve month high of $56.76.

Genpact (NYSE:G) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. The company had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Genpact had a net margin of 10.77% and a return on equity of 22.50%. Genpact’s revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.73 EPS. As a group, sell-side analysts anticipate that Genpact Limited will post 3.21 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on G shares. TD Cowen raised Genpact from a “hold” rating to a “buy” rating and upped their price objective for the company from $45.00 to $60.00 in a research note on Friday, February 7th. Needham & Company LLC lowered their price objective on Genpact from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Jefferies Financial Group upgraded shares of Genpact from a “hold” rating to a “buy” rating and raised their price target for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Robert W. Baird lowered their price target on shares of Genpact from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Finally, Mizuho raised their price target on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Genpact has a consensus rating of “Hold” and a consensus target price of $50.71.

Insider Activity at Genpact

In other Genpact news, Director Nicholas C. Gangestad purchased 2,000 shares of Genpact stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average price of $43.97 per share, with a total value of $87,940.00. Following the transaction, the director now owns 2,000 shares in the company, valued at $87,940. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 310,246 shares of the company’s stock, valued at approximately $15,167,926.94. The trade was a 4.20% decrease in their position. The disclosure for this sale can be found here. 3.07% of the stock is currently owned by insiders.

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.