Genpact Limited (NYSE:G) Shares Acquired by Concurrent Investment Advisors LLC

Concurrent Investment Advisors LLC grew its position in Genpact Limited (NYSE:G) by 28.3% during the fourth quarter, Holdings Channel reports. The firm owned 9,088 shares of the business services provider’s stock after acquiring an additional 2,007 shares during the period. Concurrent Investment Advisors LLC’s holdings in Genpact were worth $390,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. SRH Advisors LLC acquired a new position in shares of Genpact in the fourth quarter valued at about $26,000. Manchester Capital Management LLC acquired a new position in shares of Genpact in the fourth quarter valued at about $38,000. UMB Bank n.a. increased its holdings in shares of Genpact by 55.7% in the fourth quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 433 shares during the period. Venturi Wealth Management LLC boosted its stake in shares of Genpact by 74.6% in the third quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after buying an additional 1,121 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of Genpact by 17.0% in the fourth quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider’s stock worth $136,000 after buying an additional 461 shares during the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Genpact

In related news, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $44.60, for a total value of $606,560.00. Following the sale, the chief executive officer now owns 267,404 shares in the company, valued at approximately $11,926,218.40. The trade was a 4.84 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Piyush Mehta sold 12,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $42.83, for a total value of $513,960.00. Following the completion of the sale, the senior vice president now owns 151,182 shares in the company, valued at $6,475,125.06. This represents a 7.35 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. TD Cowen upgraded 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. Robert W. Baird upped their target price on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Mizuho increased their price target on Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Needham & Company LLC raised their target price on Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group raised 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 report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Genpact has an average rating of “Hold” and an average target price of $48.44.

Genpact Price Performance

G stock opened at $52.48 on Tuesday. The business has a fifty day moving average of $47.17 and a two-hundred day moving average of $43.03. 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 stock has a market cap of $9.25 billion, a price-to-earnings ratio of 18.48, a price-to-earnings-growth ratio of 1.84 and a beta of 1.20. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $56.76.

Genpact (NYSE:G) last posted its earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a return on equity of 22.50% and a net margin of 10.77%. As a group, research analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.30%. The ex-dividend date is Tuesday, March 11th. This is an increase from Genpact’s previous quarterly dividend of $0.15. Genpact’s payout ratio 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.