22,892 Shares in Genpact Limited (NYSE:G) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in Genpact Limited (NYSE:G) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 22,892 shares of the business services provider’s stock, valued at approximately $983,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Jensen Investment Management Inc. lifted its stake in 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 acquired a new position in Genpact during the third quarter worth $1,197,000. Blue Trust Inc. lifted its stake in Genpact by 8.7% during the fourth quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider’s stock worth $217,000 after purchasing an additional 441 shares in the last quarter. Burney Co. raised its stake in shares of Genpact by 242.8% in the fourth quarter. Burney Co. now owns 130,798 shares of the business services provider’s stock valued at $5,618,000 after acquiring an additional 92,641 shares in the last quarter. Finally, KBC Group NV purchased a new position in Genpact in the fourth quarter valued at $298,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Genpact Stock Performance

Shares of G stock opened at $51.66 on Friday. The stock has a market capitalization of $9.11 billion, a PE ratio of 18.19, a price-to-earnings-growth ratio of 1.84 and a beta of 1.20. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $56.76. The stock’s 50-day moving average price is $48.91 and its 200 day moving average price is $43.86. 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 (NYSE:G) last released its earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) 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 forecast that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be paid a dividend of $0.17 per share. This is a positive change from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, March 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.32%. Genpact’s payout ratio is 23.94%.

Analyst Ratings Changes

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

Insider Transactions at Genpact

In other news, SVP Piyush Mehta sold 12,000 shares of the company’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $42.83, for a total transaction of $513,960.00. Following the completion of the sale, the senior vice president now directly owns 151,182 shares in the company, valued at $6,475,125.06. This represents a 7.35 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Balkrishan Kalra sold 13,600 shares of the company’s stock in a transaction on Friday, December 13th. The stock was 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 of the company’s stock, valued at approximately $11,926,218.40. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.

Genpact Company Profile

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.