Genpact Limited (NYSE:G) Stock Holdings Boosted by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. grew its position in shares of Genpact Limited (NYSE:G) by 390.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 2,129,915 shares of the business services provider’s stock after purchasing an additional 1,695,706 shares during the quarter. Genpact accounts for 3.5% of Tandem Investment Advisors Inc.’s portfolio, making the stock its 11th largest position. Tandem Investment Advisors Inc. owned about 1.21% of Genpact worth $91,480,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Concurrent Investment Advisors LLC grew its holdings in shares of Genpact by 28.3% in the 4th quarter. Concurrent Investment Advisors LLC now owns 9,088 shares of the business services provider’s stock worth $390,000 after acquiring an additional 2,007 shares during the last quarter. Handelsbanken Fonder AB boosted its position in shares of Genpact by 12.9% in the 4th quarter. Handelsbanken Fonder AB now owns 43,000 shares of the business services provider’s stock valued at $1,847,000 after purchasing an additional 4,900 shares during the period. Convergence Investment Partners LLC purchased a new position in Genpact in the 4th quarter worth about $731,000. Timber Creek Capital Management LLC acquired a new stake in Genpact during the 4th quarter worth about $3,340,000. Finally, Venturi Wealth Management LLC lifted its stake in Genpact by 58.1% during the fourth quarter. Venturi Wealth Management LLC now owns 4,146 shares of the business services provider’s stock valued at $178,000 after buying an additional 1,523 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at Genpact

In other Genpact news, 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 transaction of $513,960.00. Following the transaction, the senior vice president now owns 151,182 shares in the company, valued at $6,475,125.06. This trade represents a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $44.60, for a total transaction of $606,560.00. Following the completion of the sale, the chief executive officer now owns 267,404 shares of the company’s stock, valued at $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. In the last 90 days, insiders sold 34,600 shares of company stock valued at $1,538,120. Insiders own 2.80% of the company’s stock.

Genpact Price Performance

G opened at $54.44 on Friday. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact Limited has a 1 year low of $30.23 and a 1 year high of $56.76. The stock has a fifty day moving average price of $46.83 and a 200 day moving average price of $42.59. The stock has a market cap of $9.60 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.85 and a beta of 1.20.

Genpact (NYSE:G) last announced its quarterly 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 net margin of 10.77% and a return on equity of 22.50%. Analysts forecast 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 will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.25%. This is an increase from Genpact’s previous quarterly dividend of $0.15. Genpact’s dividend payout ratio (DPR) is currently 21.48%.

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.