Vest Financial LLC Has $3.96 Million Stock Holdings in Genpact Limited (NYSE:G)

Vest Financial LLC lifted its position in Genpact Limited (NYSE:G) by 36.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 78,543 shares of the business services provider’s stock after purchasing an additional 20,792 shares during the period. Vest Financial LLC’s holdings in Genpact were worth $3,957,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in Genpact by 9,371.4% in the 1st quarter. GAMMA Investing LLC now owns 490,903 shares of the business services provider’s stock worth $24,732,000 after acquiring an additional 485,720 shares during the period. Versant Capital Management Inc grew its position in shares of Genpact by 215.8% in the first quarter. Versant Capital Management Inc now owns 10,037 shares of the business services provider’s stock valued at $506,000 after purchasing an additional 6,859 shares during the last quarter. Kera Capital Partners Inc. grew its position in shares of Genpact by 9.6% in the first quarter. Kera Capital Partners Inc. now owns 6,845 shares of the business services provider’s stock valued at $345,000 after purchasing an additional 600 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of Genpact by 1,021.0% in the fourth quarter. California State Teachers Retirement System now owns 158,716 shares of the business services provider’s stock worth $6,817,000 after purchasing an additional 144,558 shares during the period. Finally, 111 Capital acquired a new position in shares of Genpact during the 4th quarter worth about $301,000. 96.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of analysts have issued reports on the company. 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 report on Thursday, May 8th. Wall Street Zen upgraded shares of Genpact from a “buy” rating to a “strong-buy” rating in a research note on Friday. TD Cowen raised shares of Genpact from a “hold” rating to a “buy” rating and boosted their target price for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Mizuho increased their price target on shares of Genpact from $45.00 to $55.00 and gave the company a “neutral” rating in a report on Monday, February 10th. Finally, Needham & Company LLC dropped their price objective on shares of Genpact from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.71.

Insider Transactions at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction on 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 sale, the chief executive officer now owns 310,246 shares of the company’s stock, valued at approximately $15,167,926.94. The trade was a 4.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Nicholas C. Gangestad acquired 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average cost of $43.97 per share, with a total value of $87,940.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at $87,940. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 3.07% of the company’s stock.

Genpact Trading Up 2.4%

Shares of Genpact stock opened at $43.09 on Friday. The firm has a market capitalization of $7.54 billion, a PE ratio of 15.17, a price-to-earnings-growth ratio of 1.84 and a beta of 1.02. The company’s fifty day moving average price is $45.98 and its two-hundred day moving average price is $47.21. Genpact Limited has a 52-week low of $30.38 and a 52-week high of $56.76. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85.

Genpact (NYSE:G) last announced its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.84 EPS for the quarter, beating the consensus estimate 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 for 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 quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts expect that Genpact Limited will post 3.21 EPS for the current year.

Genpact Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, June 18th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.58%. Genpact’s payout ratio is presently 23.21%.

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.