Genpact Limited (NYSE:G) Short Interest Update

Genpact Limited (NYSE:G) saw a significant drop in short interest in the month of February. As of February 15th, there was short interest totalling 4,570,000 shares, a drop of 15.5% from the January 31st total of 5,410,000 shares. Approximately 2.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,570,000 shares, the short-interest ratio is currently 2.9 days.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on G. Mizuho boosted their target price on Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Jefferies Financial Group upgraded shares of Genpact from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. TD Cowen raised shares of Genpact from a “hold” rating to a “buy” rating and increased their target price for the company from $45.00 to $60.00 in a report on Friday, February 7th. Robert W. Baird boosted their price target on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC raised their price objective on Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, February 7th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $48.44.

Insider Activity at Genpact

In related news, SVP Piyush Mehta sold 12,000 shares of the company’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 transaction, the senior vice president now directly owns 151,182 shares in the company, valued at approximately $6,475,125.06. The trade was a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Balkrishan Kalra sold 13,600 shares of the firm’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 in the company, valued at $11,926,218.40. The trade was a 4.84 % decrease in their position. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Genpact

Several institutional investors and hedge funds have recently modified their holdings of the stock. Coppell Advisory Solutions LLC boosted its position in shares of Genpact by 529.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 503 shares in the last quarter. SRH Advisors LLC bought a new stake in shares of Genpact during the 4th quarter valued at $26,000. Atlas Capital Advisors Inc. grew its position in shares of Genpact by 55.8% in the 4th quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider’s stock worth $26,000 after buying an additional 216 shares during the period. GeoWealth Management LLC grew its position in shares of Genpact by 199.0% in the 4th quarter. GeoWealth Management LLC now owns 876 shares of the business services provider’s stock worth $38,000 after buying an additional 583 shares during the period. Finally, Manchester Capital Management LLC bought a new position in shares of Genpact in the 4th quarter worth about $38,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Genpact Trading Down 0.6 %

Shares of Genpact stock traded down $0.33 during trading on Wednesday, reaching $51.93. 722,088 shares of the stock were exchanged, compared to its average volume of 1,531,717. 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 firm has a market cap of $9.16 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 1.84 and a beta of 1.20. Genpact has a 1 year low of $30.23 and a 1 year high of $56.76. The stock’s fifty day moving average is $48.39 and its 200 day moving average is $43.66.

Genpact (NYSE:G) last released its quarterly earnings data 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%. As a group, equities research analysts expect that Genpact will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Genpact’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.31%. Genpact’s dividend payout ratio is 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.