Genpact Limited (NYSE:G) Position Increased by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC lifted its position in Genpact Limited (NYSE:G) by 5.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,380 shares of the business services provider’s stock after acquiring an additional 439 shares during the period. OneAscent Wealth Management LLC’s holdings in Genpact were worth $360,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in G. Advisors Asset Management Inc. boosted its position in Genpact by 3.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock worth $270,000 after acquiring an additional 226 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Genpact by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 5,692 shares of the business services provider’s stock worth $244,000 after purchasing an additional 297 shares during the period. Tealwood Asset Management Inc. increased its stake in Genpact by 1.4% in the 4th quarter. Tealwood Asset Management Inc. now owns 24,658 shares of the business services provider’s stock valued at $1,059,000 after buying an additional 339 shares during the period. UMB Bank n.a. increased its stake in Genpact by 55.7% in the 4th quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock valued at $52,000 after buying an additional 433 shares during the period. Finally, Blue Trust Inc. boosted its stake in shares of Genpact by 8.7% during the 4th quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider’s stock valued at $217,000 after buying an additional 441 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other news, CEO Balkrishan Kalra sold 13,600 shares of the company’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $48.89, for a total transaction of $664,904.00. Following the completion of the transaction, the chief executive officer now owns 310,246 shares of the company’s stock, valued at approximately $15,167,926.94. This represents a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Piyush Mehta sold 12,000 shares of Genpact stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.83, for a total value of $513,960.00. Following the sale, the senior vice president now directly owns 151,182 shares in the company, valued at approximately $6,475,125.06. This trade represents a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Genpact Trading Down 1.5 %

NYSE:G opened at $50.00 on Friday. 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 company’s 50 day moving average is $50.84 and its 200-day moving average is $45.02. The firm has a market cap of $8.78 billion, a price-to-earnings ratio of 17.61, a P/E/G ratio of 1.84 and a beta of 1.16. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $56.76.

Genpact (NYSE:G) last released its earnings results 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 return on equity of 22.50% and a net margin of 10.77%. Equities analysts anticipate that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were issued a dividend of $0.17 per share. The ex-dividend date was 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 dividend yield of 1.36%. Genpact’s 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.