Lecap Asset Management Ltd. Buys 16,139 Shares of Genpact Limited (NYSE:G)

Lecap Asset Management Ltd. grew its stake in shares of Genpact Limited (NYSE:G) by 89.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,198 shares of the business services provider’s stock after purchasing an additional 16,139 shares during the period. Lecap Asset Management Ltd.’s holdings in Genpact were worth $1,469,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of G. UMB Bank n.a. boosted its holdings in shares of Genpact by 55.7% during the 4th quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock valued at $52,000 after buying an additional 433 shares in the last quarter. Venturi Wealth Management LLC increased its stake in shares of Genpact by 74.6% during the third quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 1,121 shares in the last quarter. Versant Capital Management Inc lifted its holdings in shares of Genpact by 17.0% during the fourth quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider’s stock valued at $136,000 after purchasing an additional 461 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of Genpact by 221.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock worth $131,000 after purchasing an additional 2,293 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB grew its stake in shares of Genpact by 22.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,378 shares of the business services provider’s stock worth $145,000 after buying an additional 619 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Analyst Ratings Changes

G has been the subject of a number of recent research reports. TD Cowen upgraded Genpact from a “hold” rating to a “buy” rating and lifted their price objective for the company from $45.00 to $60.00 in a research note on Friday. Robert W. Baird lifted their price target on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC increased their price objective on shares of Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday. Finally, 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 report on Tuesday, January 21st. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $47.63.

Insider Buying and Selling at Genpact

In other news, SVP Piyush Mehta sold 12,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.83, for a total value of $513,960.00. Following the transaction, the senior vice president now owns 151,182 shares of the company’s stock, valued at $6,475,125.06. This trade represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Balkrishan Kalra sold 13,600 shares of Genpact 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 transaction, the chief executive officer now directly owns 267,404 shares in the company, 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. Insiders sold a total of 35,058 shares of company stock worth $1,558,675 in the last three months. 2.80% of the stock is currently owned by company insiders.

Genpact Stock Performance

Shares of NYSE G opened at $54.98 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The firm’s 50-day moving average price is $44.92 and its 200-day moving average price is $41.15. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $56.76. The company has a market cap of $9.70 billion, a PE ratio of 15.10, a PEG ratio of 1.61 and a beta of 1.20.

Genpact (NYSE:G) last posted 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 21.85% and a net margin of 14.22%. As a group, analysts anticipate that Genpact Limited will post 2.94 EPS for the current year.

Genpact Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.24%. This is a boost from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, March 11th. Genpact’s dividend payout ratio (DPR) is presently 16.76%.

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.