Walled Lake Planning & Wealth Management LLC Raises Stock Holdings in Genpact Limited (NYSE:G)

Walled Lake Planning & Wealth Management LLC grew its stake in shares of Genpact Limited (NYSE:G) by 1.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 108,287 shares of the business services provider’s stock after buying an additional 1,478 shares during the quarter. Genpact accounts for about 1.7% of Walled Lake Planning & Wealth Management LLC’s portfolio, making the stock its 17th biggest position. Walled Lake Planning & Wealth Management LLC’s holdings in Genpact were worth $4,651,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. SRH Advisors LLC bought a new stake in shares of Genpact during the 4th quarter valued at $26,000. Manchester Capital Management LLC bought a new stake in Genpact during the fourth quarter valued at about $38,000. Smartleaf Asset Management LLC lifted its position in shares of Genpact by 416.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider’s stock valued at $41,000 after acquiring an additional 783 shares in the last quarter. UMB Bank n.a. boosted its stake 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 worth $52,000 after acquiring an additional 433 shares during the period. Finally, J.Safra Asset Management Corp grew its position in shares of Genpact by 38.8% during the fourth quarter. J.Safra Asset Management Corp now owns 1,622 shares of the business services provider’s stock worth $69,000 after purchasing an additional 453 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

G has been the subject of several recent analyst reports. Needham & Company LLC upped their price target on Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Mizuho upped their price target on shares of Genpact from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. TD Cowen raised Genpact from a “hold” rating to a “buy” rating and boosted their target price for the company from $45.00 to $60.00 in a research report on Friday, February 7th. Finally, Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and raised their price objective for the stock from $44.00 to $55.00 in a research note 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, the stock currently has a consensus rating of “Hold” and an average target price of $48.44.

Insider Buying and Selling

In other news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 310,246 shares of the company’s stock, valued at $15,167,926.94. The trade was a 4.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Piyush Mehta sold 12,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $42.83, for a total transaction of $513,960.00. Following the sale, the senior vice president now directly owns 151,182 shares in the company, valued at $6,475,125.06. This trade represents a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.

Genpact Price Performance

NYSE G opened at $50.00 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. The company has a market cap of $8.78 billion, a PE ratio of 17.61, a P/E/G ratio of 1.84 and a beta of 1.16. The firm’s 50 day moving average price is $50.84 and its 200-day moving average price is $45.07. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $56.76.

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

Genpact Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were given a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.36%. This is a positive change from Genpact’s previous quarterly dividend of $0.15. Genpact’s dividend payout ratio is currently 23.94%.

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.