Genpact Limited (NYSE:G) Stock Holdings Boosted by QRG Capital Management Inc.

QRG Capital Management Inc. increased its position in Genpact Limited (NYSE:G) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 87,583 shares of the business services provider’s stock after acquiring an additional 7,690 shares during the period. QRG Capital Management Inc.’s holdings in Genpact were worth $3,762,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Proficio Capital Partners LLC acquired a new stake in Genpact in the 4th quarter valued at approximately $983,000. Los Angeles Capital Management LLC increased its holdings in shares of Genpact by 5.0% during the fourth quarter. Los Angeles Capital Management LLC now owns 529,472 shares of the business services provider’s stock valued at $22,741,000 after purchasing an additional 25,033 shares during the period. Bank of New York Mellon Corp raised its stake in shares of Genpact by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,326,474 shares of the business services provider’s stock valued at $56,972,000 after purchasing an additional 4,453 shares in the last quarter. Callan Capital LLC raised its stake in shares of Genpact by 9.6% during the fourth quarter. Callan Capital LLC now owns 11,961 shares of the business services provider’s stock valued at $514,000 after purchasing an additional 1,046 shares in the last quarter. Finally, Suncoast Equity Management lifted its holdings in Genpact by 12.3% in the fourth quarter. Suncoast Equity Management now owns 14,146 shares of the business services provider’s stock worth $608,000 after purchasing an additional 1,546 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Genpact Price Performance

NYSE G opened at $53.22 on Friday. Genpact Limited has a 1 year low of $30.23 and a 1 year high of $56.76. The business’s fifty day moving average is $48.00 and its two-hundred day moving average is $43.38. The stock has a market capitalization of $9.39 billion, a P/E ratio of 18.74, a P/E/G ratio of 1.84 and a beta of 1.20. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16.

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

Genpact Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be paid a dividend of $0.17 per share. The ex-dividend date is Tuesday, March 11th. This is a positive change from Genpact’s previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.28%. Genpact’s dividend payout ratio is currently 23.94%.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Mizuho raised their target price 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 upgraded shares of Genpact from a “hold” rating to a “buy” rating and raised their price objective for the company 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 report on Friday, November 8th. 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 research note on Tuesday, January 21st. Finally, Needham & Company LLC boosted their price objective on Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $48.44.

Insiders Place Their Bets

In other news, 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 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction on Friday, December 13th. The shares were sold at an average price of $44.60, for a total value of $606,560.00. Following the transaction, the chief executive officer now owns 267,404 shares in the company, valued at $11,926,218.40. This represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. 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.