Genpact Limited (NYSE:G) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its holdings in shares of Genpact Limited (NYSE:G) by 12.6% in the 3rd quarter, Holdings Channel reports. The firm owned 3,691,406 shares of the business services provider’s stock after purchasing an additional 413,646 shares during the quarter. Geode Capital Management LLC’s holdings in Genpact were worth $148,142,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. CWM LLC lifted its holdings in shares of Genpact by 160.8% in the 2nd quarter. CWM LLC now owns 952 shares of the business services provider’s stock worth $31,000 after purchasing an additional 587 shares during the last quarter. Venturi Wealth Management LLC increased its position in 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 period. GAMMA Investing LLC lifted its stake in Genpact by 221.3% in the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after buying an additional 2,293 shares during the last quarter. Centaurus Financial Inc. acquired a new position in shares of Genpact during the third quarter valued at $159,000. Finally, M&T Bank Corp acquired a new position in shares of Genpact during the third quarter valued at $206,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Stock Down 2.3 %

G opened at $43.64 on Tuesday. The stock’s fifty day moving average is $42.46 and its 200-day moving average is $37.89. Genpact Limited has a one year low of $30.23 and a one year high of $47.98. The company has a market capitalization of $7.70 billion, a PE ratio of 11.99, a P/E/G ratio of 1.56 and a beta of 1.18. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85.

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be given a dividend of $0.1525 per share. The ex-dividend date is Monday, December 9th. This represents a $0.61 annualized dividend and a dividend yield of 1.40%. Genpact’s dividend payout ratio (DPR) is 16.76%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on G. JPMorgan Chase & Co. lifted their price objective on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. Jefferies Financial Group lifted their price target on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 9th. TD Cowen increased their price objective on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Robert W. Baird raised their target price on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Needham & Company LLC boosted their price target on Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $42.33.

Insider Transactions at Genpact

In other news, CEO Balkrishan Kalra sold 9,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $46.40, for a total transaction of $417,600.00. Following the sale, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at $12,407,545.60. The trade was a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.80% of the company’s stock.

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.