GAMMA Investing LLC Grows Stock Position in Genpact Limited (NYSE:G)

GAMMA Investing LLC increased its position in shares of Genpact Limited (NYSE:G) by 55.7% in the 4th quarter, Holdings Channel reports. The firm owned 5,183 shares of the business services provider’s stock after purchasing an additional 1,854 shares during the period. GAMMA Investing LLC’s holdings in Genpact were worth $223,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC boosted its holdings in shares of Genpact by 74.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after purchasing an additional 1,121 shares during the last quarter. Versant Capital Management Inc boosted its stake in Genpact by 17.0% during the fourth quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider’s stock worth $136,000 after buying an additional 461 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in Genpact in the 3rd quarter valued at $159,000. M&T Bank Corp acquired a new stake in shares of Genpact in the 3rd quarter worth $206,000. Finally, Greenleaf Trust purchased a new position in shares of Genpact during the 3rd quarter worth $210,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently issued reports on G. Needham & Company LLC raised their price objective on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. TD Cowen raised their price target on shares of Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Finally, Robert W. Baird upped their price objective on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $42.33.

Insider Buying and Selling

In other Genpact news, CEO Balkrishan Kalra sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.40, for a total value of $417,600.00. Following the completion of the transaction, the chief executive officer now owns 267,404 shares of the company’s stock, valued at $12,407,545.60. This trade represents a 3.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In the last 90 days, insiders have sold 23,058 shares of company stock valued at $1,044,715. Corporate insiders own 2.80% of the company’s stock.

Genpact Stock Down 1.8 %

Genpact stock opened at $42.86 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a 50 day moving average price of $43.79 and a 200 day moving average price of $39.09. Genpact Limited has a fifty-two week low of $30.23 and a fifty-two week high of $47.98. The company has a market capitalization of $7.56 billion, a PE ratio of 11.77, a price-to-earnings-growth ratio of 1.54 and a beta of 1.18.

Genpact Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.1525 dividend. The ex-dividend date was Monday, December 9th. This represents a $0.61 annualized dividend and a dividend yield of 1.42%. Genpact’s dividend payout ratio is presently 16.76%.

Genpact 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.