J.Safra Asset Management Corp Grows Stock Position in Genpact Limited (NYSE:G)

J.Safra Asset Management Corp increased its position in shares of Genpact Limited (NYSE:G) by 38.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,622 shares of the business services provider’s stock after buying an additional 453 shares during the quarter. J.Safra Asset Management Corp’s holdings in Genpact were worth $69,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in G. Victory Capital Management Inc. raised its position in Genpact by 18.1% in the fourth quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider’s stock valued at $423,205,000 after purchasing an additional 1,511,790 shares during the period. Smartleaf Asset Management LLC raised its position in Genpact by 416.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 783 shares during the period. Hahn Capital Management LLC raised its position in Genpact by 48.0% in the fourth quarter. Hahn Capital Management LLC now owns 238,577 shares of the business services provider’s stock valued at $10,247,000 after purchasing an additional 77,341 shares during the period. QRG Capital Management Inc. raised its position in Genpact by 9.6% in the fourth quarter. QRG Capital Management Inc. now owns 87,583 shares of the business services provider’s stock valued at $3,762,000 after purchasing an additional 7,690 shares during the period. Finally, Proficio Capital Partners LLC purchased a new stake in Genpact in the fourth quarter valued at approximately $983,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of the company’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $44.60, for a total value of $606,560.00. Following the completion of the sale, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at approximately $11,926,218.40. This represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Piyush Mehta sold 12,000 shares of the stock in a transaction dated 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 directly owns 151,182 shares of the company’s stock, valued at $6,475,125.06. This 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 currently owned by insiders.

Genpact Stock Performance

Shares of G stock opened at $52.01 on Thursday. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The firm has a fifty day moving average price of $48.39 and a 200 day moving average price of $43.66. The company has a market cap of $9.17 billion, a P/E ratio of 18.31, a PEG ratio of 1.84 and a beta of 1.20. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $56.76.

Genpact (NYSE:G) last issued its earnings results on Thursday, February 6th. The business services provider reported $0.82 EPS 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%. Sell-side analysts predict that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.31%. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase from Genpact’s previous quarterly dividend of $0.15. Genpact’s dividend payout ratio is currently 23.94%.

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.