Empowered Funds LLC Raises Stock Position in Genpact Limited (NYSE:G)

Empowered Funds LLC boosted its position in shares of Genpact Limited (NYSE:G) by 1,942.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 325,379 shares of the business services provider’s stock after acquiring an additional 309,447 shares during the period. Empowered Funds LLC’s holdings in Genpact were worth $13,975,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Creative Planning grew its holdings in Genpact by 30.3% during the 2nd quarter. Creative Planning now owns 25,614 shares of the business services provider’s stock worth $825,000 after acquiring an additional 5,950 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in Genpact in the 2nd quarter valued at about $335,000. GAMMA Investing LLC raised its position in shares of Genpact by 221.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock worth $131,000 after buying an additional 2,293 shares in the last quarter. Inspire Investing LLC raised its position in shares of Genpact by 242.0% during the 3rd quarter. Inspire Investing LLC now owns 37,277 shares of the business services provider’s stock worth $1,462,000 after buying an additional 26,376 shares in the last quarter. Finally, Sawyer & Company Inc raised its position in shares of Genpact by 1.1% during the 3rd quarter. Sawyer & Company Inc now owns 36,243 shares of the business services provider’s stock worth $1,421,000 after buying an additional 400 shares in the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on G. Needham & Company LLC lifted their price objective on shares of Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday. Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and boosted their price objective for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. TD Cowen upgraded shares of Genpact from a “hold” rating to a “buy” rating and lifted their target price for the company from $45.00 to $60.00 in a research note on Friday. Finally, Robert W. Baird lifted their target price on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $47.63.

Genpact Price Performance

NYSE:G opened at $54.98 on Friday. The stock has a market cap of $9.70 billion, a P/E ratio of 19.36, a PEG ratio of 1.63 and a beta of 1.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85. The company has a fifty day moving average price of $45.09 and a 200 day moving average price of $41.30. Genpact Limited has a one year low of $30.23 and a one year high of $56.76.

Genpact (NYSE:G) last announced its quarterly 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 net margin of 10.77% and a return on equity of 22.61%. Analysts anticipate that Genpact Limited will post 3.08 earnings per share for the current year.

Genpact Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.24%. The ex-dividend date is Tuesday, March 11th. This is a positive change from Genpact’s previous quarterly dividend of $0.15. Genpact’s payout ratio is 21.48%.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were 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 of the company’s stock, valued at approximately $11,926,218.40. This represents a 4.84 % 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 company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.83, for a total transaction of $513,960.00. Following the transaction, the senior vice president now owns 151,182 shares in the company, valued at approximately $6,475,125.06. This trade represents a 7.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,058 shares of company stock valued at $1,558,675 in the last 90 days. 2.80% of the stock is currently owned by company insiders.

Genpact Company 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.