Townsquare Capital LLC Has $240,000 Stock Position in Genpact Limited (NYSE:G)

Townsquare Capital LLC decreased its holdings in shares of Genpact Limited (NYSE:G) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,578 shares of the business services provider’s stock after selling 579 shares during the quarter. Townsquare Capital LLC’s holdings in Genpact were worth $240,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in G. Sterling Capital Management LLC increased its position in shares of Genpact by 49.2% in the 4th quarter. Sterling Capital Management LLC now owns 11,593 shares of the business services provider’s stock valued at $498,000 after buying an additional 3,825 shares in the last quarter. Paralel Advisors LLC increased its stake in Genpact by 10.0% in the 4th quarter. Paralel Advisors LLC now owns 76,196 shares of the business services provider’s stock valued at $3,273,000 after buying an additional 6,920 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Genpact during the 4th quarter worth approximately $5,552,000. Renaissance Group LLC bought a new stake in shares of Genpact during the 4th quarter worth approximately $211,000. Finally, Renaissance Technologies LLC lifted its stake in Genpact by 26.6% in the fourth quarter. Renaissance Technologies LLC now owns 155,500 shares of the business services provider’s stock valued at $6,679,000 after acquiring an additional 32,651 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $48.89, for a total transaction of $664,904.00. Following the completion of the transaction, the chief executive officer now directly owns 310,246 shares in the company, valued at $15,167,926.94. This trade represents a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 2.80% of the company’s stock.

Genpact Stock Performance

Shares of Genpact stock opened at $47.35 on Wednesday. The stock has a market cap of $8.32 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 1.84 and a beta of 1.06. Genpact Limited has a twelve month low of $30.38 and a twelve month high of $56.76. The company’s fifty day moving average is $50.19 and its 200 day moving average is $46.19. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.50.

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

Genpact Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were given a dividend of $0.17 per share. This is an increase from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend was Tuesday, March 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.44%. Genpact’s dividend payout ratio (DPR) is 23.94%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Jefferies Financial Group upgraded 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 note on Tuesday, January 21st. Mizuho raised their target price on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Needham & Company LLC upped their price objective on shares of Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, TD Cowen raised Genpact from a “hold” rating to a “buy” rating and raised their target price for the company from $45.00 to $60.00 in a report on Friday, February 7th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $50.38.

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.