Genpact Limited (NYSE:G) Stock Position Trimmed by Kiltearn Partners LLP

Kiltearn Partners LLP decreased its position in Genpact Limited (NYSE:G) by 10.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 174,650 shares of the business services provider’s stock after selling 20,600 shares during the period. Genpact makes up approximately 1.2% of Kiltearn Partners LLP’s holdings, making the stock its 29th biggest position. Kiltearn Partners LLP owned 0.10% of Genpact worth $7,501,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in shares of Genpact by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 16,962,496 shares of the business services provider’s stock valued at $728,539,000 after acquiring an additional 61,376 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Genpact by 18.1% during the 4th quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider’s stock worth $423,205,000 after buying an additional 1,511,790 shares during the period. Franklin Resources Inc. lifted its holdings in shares of Genpact by 6.5% during the third quarter. Franklin Resources Inc. now owns 4,148,185 shares of the business services provider’s stock worth $162,318,000 after buying an additional 252,674 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Genpact by 12.6% during the third quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock valued at $148,142,000 after buying an additional 413,646 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in Genpact by 8.7% in the 4th quarter. JPMorgan Chase & Co. now owns 3,400,636 shares of the business services provider’s stock valued at $146,057,000 after acquiring an additional 271,295 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insider Activity

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction 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 sale, the chief executive officer now 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Piyush Mehta sold 12,000 shares of Genpact stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction of $513,960.00. Following the sale, the senior vice president now owns 151,182 shares of the company’s stock, valued at approximately $6,475,125.06. This represents a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on G shares. Mizuho raised their price objective on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Needham & Company LLC increased their target price on Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, February 7th. TD Cowen upgraded Genpact from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Finally, Jefferies Financial Group upgraded shares of 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 report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $48.44.

Genpact Stock Performance

NYSE:G opened at $50.76 on Friday. The stock has a market cap of $8.92 billion, a P/E ratio of 17.87, a PEG ratio of 1.84 and a beta of 1.16. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.50. Genpact Limited has a twelve month low of $30.23 and a twelve month high of $56.76. The business’s 50-day moving average price is $50.74 and its two-hundred day moving average price is $44.94.

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

Genpact Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were issued a $0.17 dividend. This is an increase from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, March 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.34%. Genpact’s dividend payout ratio (DPR) is presently 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.