Genpact Limited (NYSE:G) Shares Purchased by Burney Co.

Burney Co. boosted its stake in Genpact Limited (NYSE:G) by 242.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 130,798 shares of the business services provider’s stock after acquiring an additional 92,641 shares during the period. Burney Co.’s holdings in Genpact were worth $5,618,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of G. Venturi Wealth Management LLC increased its holdings in shares of Genpact by 74.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 1,121 shares during the period. GAMMA Investing LLC increased its stake in Genpact by 221.3% in the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 2,293 shares during the period. Versant Capital Management Inc raised its holdings in shares of Genpact by 17.0% in the fourth quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider’s stock valued at $136,000 after buying an additional 461 shares during the last quarter. Centaurus Financial Inc. acquired a new stake in shares of Genpact during the third quarter worth about $159,000. Finally, M&T Bank Corp purchased a new position in shares of Genpact during the third quarter worth about $206,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insider Activity

In related news, SVP Piyush Mehta sold 12,000 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $42.83, for a total value of $513,960.00. Following the sale, the senior vice president now directly owns 151,182 shares in the company, valued at $6,475,125.06. The trade was a 7.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Balkrishan Kalra sold 9,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.40, for a total transaction of $417,600.00. Following the completion of the sale, the chief executive officer now directly owns 267,404 shares in the company, valued at approximately $12,407,545.60. The trade was a 3.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 35,058 shares of company stock worth $1,558,675 in the last 90 days. 2.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

G has been the subject of several analyst reports. Robert W. Baird increased their price objective on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. TD Cowen upped their price target on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC lifted their price objective on shares of Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Genpact presently has an average rating of “Hold” and a consensus target price of $42.33.

Genpact Stock Up 0.9 %

Genpact stock opened at $44.59 on Wednesday. The stock’s 50 day moving average price is $44.32 and its 200 day moving average price is $39.51. The company has a market cap of $7.86 billion, a PE ratio of 12.25, a price-to-earnings-growth ratio of 1.54 and a beta of 1.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85. Genpact Limited has a 1-year low of $30.23 and a 1-year high of $47.98.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were paid a dividend of $0.1525 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.37%. Genpact’s dividend payout ratio (DPR) is presently 16.76%.

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.