Moloney Securities Asset Management LLC Has $1.15 Million Stock Holdings in Genpact Limited (NYSE:G)

Moloney Securities Asset Management LLC raised its stake in Genpact Limited (NYSE:G) by 4.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,850 shares of the business services provider’s stock after purchasing an additional 1,154 shares during the period. Moloney Securities Asset Management LLC’s holdings in Genpact were worth $1,153,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Advisors Asset Management Inc. grew its holdings in Genpact by 3.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock valued at $270,000 after buying an additional 226 shares in the last quarter. Tealwood Asset Management Inc. boosted its position in shares of Genpact by 1.4% in the fourth quarter. Tealwood Asset Management Inc. now owns 24,658 shares of the business services provider’s stock valued at $1,059,000 after acquiring an additional 339 shares during the period. Lecap Asset Management Ltd. grew its stake in shares of Genpact by 2.1% in the third quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider’s stock valued at $708,000 after acquiring an additional 364 shares in the last quarter. Suncoast Equity Management increased its position in Genpact by 3.1% during the third quarter. Suncoast Equity Management now owns 12,600 shares of the business services provider’s stock worth $494,000 after acquiring an additional 375 shares during the period. Finally, Sawyer & Company Inc raised its stake in Genpact by 1.1% in the 3rd quarter. Sawyer & Company Inc now owns 36,243 shares of the business services provider’s stock worth $1,421,000 after purchasing an additional 400 shares in the last quarter. 96.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on G. TD Cowen upgraded shares of Genpact from a “hold” rating to a “buy” rating and increased their target price for the stock from $45.00 to $60.00 in a research report on Friday. Jefferies Financial Group raised Genpact from a “hold” rating to a “buy” rating and increased their price target for the stock from $44.00 to $55.00 in a research report on Tuesday, January 21st. Robert W. Baird lifted their price objective on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, Needham & Company LLC increased their target price on Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $47.63.

Genpact Trading Up 11.3 %

Shares of G stock opened at $54.98 on Monday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. Genpact Limited has a fifty-two week low of $30.23 and a fifty-two week high of $56.76. The company has a market cap of $9.70 billion, a PE ratio of 19.36, a P/E/G ratio of 1.63 and a beta of 1.20. The stock’s fifty day moving average price is $45.09 and its two-hundred day moving average price is $41.41.

Genpact (NYSE:G) last released its 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 net margin of 10.77% and a return on equity of 22.61%. Equities analysts predict that Genpact Limited will post 3.08 EPS for the current fiscal year.

Genpact Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be paid a $0.17 dividend. This is an increase from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, March 11th. This represents a $0.68 annualized dividend and a yield of 1.24%. Genpact’s dividend payout ratio is presently 21.48%.

Insider Buying and Selling at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 9,000 shares of the stock in a transaction dated Monday, November 25th. The stock was sold at an average price of $46.40, for a total value of $417,600.00. Following the completion of the transaction, the chief executive officer now directly owns 267,404 shares in the company, valued at approximately $12,407,545.60. This trade represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Piyush Mehta sold 12,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.83, for a total value of $513,960.00. Following the sale, the senior vice president now owns 151,182 shares in the company, valued at approximately $6,475,125.06. This trade represents a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 35,058 shares of company stock worth $1,558,675 over the last quarter. Corporate insiders own 2.80% of the company’s stock.

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.