State of Wyoming Acquires 4,913 Shares of Genpact Limited (NYSE:G)

State of Wyoming lifted its holdings in Genpact Limited (NYSE:G) by 302.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 6,536 shares of the business services provider’s stock after acquiring an additional 4,913 shares during the quarter. State of Wyoming’s holdings in Genpact were worth $281,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. HB Wealth Management LLC lifted its stake in shares of Genpact by 18.9% in the 4th quarter. HB Wealth Management LLC now owns 10,224 shares of the business services provider’s stock valued at $439,000 after acquiring an additional 1,627 shares during the last quarter. UMB Bank n.a. lifted its position in Genpact by 55.7% in the fourth quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 433 shares during the last quarter. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Genpact by 22.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,378 shares of the business services provider’s stock valued at $145,000 after purchasing an additional 619 shares during the period. Phillips Wealth Planners LLC bought a new position in shares of Genpact in the fourth quarter worth approximately $201,000. Finally, SG Americas Securities LLC bought a new position in shares of Genpact in the fourth quarter worth approximately $238,000. 96.03% of the stock is currently owned by institutional investors.

Genpact Stock Down 0.3%

Shares of NYSE G opened at $43.52 on Friday. The firm has a fifty day simple moving average of $47.55 and a two-hundred day simple moving average of $47.28. Genpact Limited has a 12 month low of $30.38 and a 12 month high of $56.76. 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 market capitalization of $7.61 billion, a PE ratio of 15.32, a price-to-earnings-growth ratio of 1.84 and a beta of 1.02.

Genpact (NYSE:G) last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.80 by $0.04. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. Genpact had a net margin of 10.77% and a return on equity of 22.50%. Genpact’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period last year, the business posted $0.73 earnings per share. Equities analysts expect that Genpact Limited will post 3.21 earnings per share for the current year.

Analysts Set New Price Targets

G has been the subject of several analyst reports. Mizuho increased their price target on shares of Genpact from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Needham & Company LLC lowered their price objective on shares of Genpact from $55.00 to $50.00 and set a “buy” rating for the company in a research note on Thursday, May 8th. Robert W. Baird cut 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. Finally, TD Cowen upgraded Genpact from a “hold” rating to a “buy” rating and boosted their price target for the company from $45.00 to $60.00 in a report on Friday, February 7th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Genpact has an average rating of “Hold” and a consensus target price of $50.71.

Insider Activity

In related 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 of the company’s stock, valued at $15,167,926.94. This trade represents a 4.20% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Nicholas C. Gangestad acquired 2,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average cost of $43.97 per share, for a total transaction of $87,940.00. Following the purchase, the director now directly owns 2,000 shares of the company’s stock, valued at $87,940. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 3.07% of the stock is currently owned by company insiders.

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.