EP Wealth Advisors LLC Buys 961 Shares of Genpact Limited (NYSE:G)

EP Wealth Advisors LLC boosted its holdings in shares of Genpact Limited (NYSE:G) by 12.2% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,819 shares of the business services provider’s stock after purchasing an additional 961 shares during the period. EP Wealth Advisors LLC’s holdings in Genpact were worth $379,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Genpact in the 4th quarter valued at approximately $90,516,000. Tandem Investment Advisors Inc. grew its holdings in Genpact by 390.5% during the fourth quarter. Tandem Investment Advisors Inc. now owns 2,129,915 shares of the business services provider’s stock worth $91,480,000 after purchasing an additional 1,695,706 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Genpact by 18.1% during the 4th quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider’s stock worth $423,205,000 after buying an additional 1,511,790 shares during the period. Lord Abbett & CO. LLC acquired a new position in shares of Genpact in the fourth quarter valued at about $60,110,000. Finally, Balyasny Asset Management L.P. lifted its position in Genpact by 803.1% during the fourth quarter. Balyasny Asset Management L.P. now owns 425,465 shares of the business services provider’s stock worth $18,274,000 after purchasing an additional 378,352 shares during the period. 96.03% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was 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 approximately $15,167,926.94. This represents a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 3.07% of the company’s stock.

Wall Street Analysts Forecast Growth

G has been the topic of a number of recent research reports. Needham & Company LLC cut their price target on Genpact from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Robert W. Baird lowered their target price on Genpact from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Jefferies Financial Group raised Genpact from a “hold” rating to a “buy” rating and lifted their price objective for the company from $44.00 to $55.00 in a research note on Tuesday, January 21st. TD Cowen upgraded shares of Genpact from a “hold” rating to a “buy” rating and increased their price target for the company from $45.00 to $60.00 in a research report on Friday, February 7th. Finally, Mizuho raised their price target on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.71.

Genpact Price Performance

G opened at $43.57 on Tuesday. The stock has a 50-day moving average price of $48.74 and a 200-day moving average price of $47.07. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85. The firm has a market cap of $7.65 billion, a PE ratio of 15.34, a P/E/G ratio of 1.84 and a beta of 1.02. Genpact Limited has a 1 year low of $30.38 and a 1 year high of $56.76.

Genpact (NYSE:G) last issued its earnings results on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.04. Genpact had a return on equity of 22.50% and a net margin of 10.77%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the firm earned $0.73 EPS. Genpact’s revenue was up 7.4% on a year-over-year basis. Sell-side analysts predict that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

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.