Los Angeles Capital Management LLC Grows Stock Position in Genpact Limited (NYSE:G)

Los Angeles Capital Management LLC boosted its stake in Genpact Limited (NYSE:G) by 5.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 529,472 shares of the business services provider’s stock after purchasing an additional 25,033 shares during the period. Los Angeles Capital Management LLC owned about 0.30% of Genpact worth $22,741,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in G. Jensen Investment Management Inc. grew its stake in shares of Genpact by 6.4% during the third quarter. Jensen Investment Management Inc. now owns 189,985 shares of the business services provider’s stock worth $7,449,000 after purchasing an additional 11,410 shares in the last quarter. Stifel Financial Corp purchased a new stake in shares of Genpact in the third quarter valued at about $1,197,000. Blue Trust Inc. raised its holdings in shares of Genpact by 8.7% in the fourth 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 last quarter. Burney Co. increased its stake in shares of Genpact by 242.8% during the fourth quarter. Burney Co. now owns 130,798 shares of the business services provider’s stock worth $5,618,000 after acquiring an additional 92,641 shares during the period. Finally, KBC Group NV acquired a new position in shares of Genpact during the fourth quarter worth about $298,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analysts Set New Price Targets

G has been the topic of several recent analyst reports. Mizuho upped their target price on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Needham & Company LLC increased 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 shares of Genpact from a “hold” rating to a “buy” rating and raised their target price for the company from $45.00 to $60.00 in a research note on Friday, February 7th. Robert W. Baird raised 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. Finally, Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and raised their price target for the company from $44.00 to $55.00 in a report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $48.44.

Insider Transactions at Genpact

In related news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 267,404 shares in the company, valued at $11,926,218.40. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Piyush Mehta sold 12,000 shares of the stock in a transaction that occurred 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 sale, the senior vice president now directly owns 151,182 shares of the company’s stock, valued at approximately $6,475,125.06. The trade was 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 insiders.

Genpact Price Performance

NYSE G opened at $52.50 on Wednesday. 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 stock has a market capitalization of $9.26 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 1.84 and a beta of 1.20. The company has a 50 day moving average price of $47.36 and a two-hundred day moving average price of $43.13. Genpact Limited has a 12-month low of $30.23 and a 12-month high of $56.76.

Genpact (NYSE:G) last issued 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 return on equity of 22.50% and a net margin of 10.77%. As a group, equities analysts predict that Genpact Limited will post 3.21 earnings per share for the current fiscal 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 1.30%. 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. 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.