Vest Financial LLC Grows Stock Holdings in Genpact Limited (NYSE:G)

Vest Financial LLC grew its holdings in Genpact Limited (NYSE:G) by 36.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 78,543 shares of the business services provider’s stock after acquiring an additional 20,792 shares during the period. Vest Financial LLC’s holdings in Genpact were worth $3,957,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Genpact by 9,371.4% during the 1st quarter. GAMMA Investing LLC now owns 490,903 shares of the business services provider’s stock valued at $24,732,000 after buying an additional 485,720 shares during the period. Versant Capital Management Inc raised its stake in shares of Genpact by 215.8% during the first quarter. Versant Capital Management Inc now owns 10,037 shares of the business services provider’s stock valued at $506,000 after purchasing an additional 6,859 shares during the period. Kera Capital Partners Inc. raised its stake in shares of Genpact by 9.6% during the first quarter. Kera Capital Partners Inc. now owns 6,845 shares of the business services provider’s stock valued at $345,000 after purchasing an additional 600 shares during the period. California State Teachers Retirement System lifted its position in shares of Genpact by 1,021.0% during the fourth quarter. California State Teachers Retirement System now owns 158,716 shares of the business services provider’s stock worth $6,817,000 after purchasing an additional 144,558 shares in the last quarter. Finally, 111 Capital purchased a new position in shares of Genpact in the fourth quarter valued at $301,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on G. TD Cowen upgraded Genpact from a “hold” rating to a “buy” rating and increased their target price for the company from $45.00 to $60.00 in a research note on Friday, February 7th. Needham & Company LLC cut their price target on shares of Genpact from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Robert W. Baird reduced their price objective on shares of Genpact from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Mizuho raised their price objective on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, Wall Street Zen upgraded shares of Genpact from a “buy” rating to a “strong-buy” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $50.71.

Insider Buying and Selling

In other news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction on Thursday, March 13th. The stock was 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 in the company, valued at approximately $15,167,926.94. This trade represents a 4.20% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Nicholas C. Gangestad bought 2,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were purchased at an average cost of $43.97 per share, for a total transaction of $87,940.00. Following the completion of the acquisition, the director now owns 2,000 shares of the company’s stock, valued at $87,940. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 3.07% of the company’s stock.

Genpact Stock Performance

Genpact stock opened at $43.09 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85. Genpact Limited has a 12 month low of $30.38 and a 12 month high of $56.76. The company has a fifty day moving average price of $45.98 and a two-hundred day moving average price of $47.21. The company has a market cap of $7.54 billion, a PE ratio of 15.17, a P/E/G ratio of 1.84 and a beta of 1.02.

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

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.58%. Genpact’s dividend payout ratio is presently 23.21%.

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.