Callan Capital LLC Purchases 1,046 Shares of Genpact Limited (NYSE:G)

Callan Capital LLC boosted its position in Genpact Limited (NYSE:G) by 9.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,961 shares of the business services provider’s stock after purchasing an additional 1,046 shares during the period. Callan Capital LLC’s holdings in Genpact were worth $514,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. raised its stake in shares of Genpact by 6.5% during the third quarter. Franklin Resources Inc. now owns 4,148,185 shares of the business services provider’s stock valued at $162,318,000 after acquiring an additional 252,674 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Genpact by 12.6% during the third quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock valued at $148,142,000 after acquiring an additional 413,646 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Genpact by 192.8% during the third quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock valued at $122,701,000 after acquiring an additional 2,060,595 shares in the last quarter. Tandem Investment Advisors Inc. raised its stake in shares of 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 valued at $91,480,000 after acquiring an additional 1,695,706 shares in the last quarter. Finally, ARGA Investment Management LP raised its stake in shares of Genpact by 14.1% during the fourth quarter. ARGA Investment Management LP now owns 772,917 shares of the business services provider’s stock valued at $33,197,000 after acquiring an additional 95,413 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on G. Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and lifted their price target for the company from $44.00 to $55.00 in a research note on Tuesday, January 21st. Mizuho boosted their price objective on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Needham & Company LLC boosted their price objective on shares of Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. TD Cowen raised shares of Genpact from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $45.00 to $60.00 in a research note on Friday, February 7th. Finally, Robert W. Baird boosted their price objective on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $48.44.

Genpact Price Performance

NYSE G opened at $53.21 on Friday. The firm’s fifty day simple moving average is $47.00 and its two-hundred day simple moving average is $42.81. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact Limited has a 12-month low of $30.23 and a 12-month high of $56.76. The firm has a market capitalization of $9.38 billion, a P/E ratio of 18.73, a P/E/G ratio of 1.84 and a beta of 1.20.

Genpact (NYSE:G) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a return on equity of 22.50% and a net margin of 10.77%. Analysts forecast that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be issued a $0.17 dividend. This is a positive change from Genpact’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a yield of 1.28%. The ex-dividend date is Tuesday, March 11th. Genpact’s payout ratio is currently 21.48%.

Insiders Place Their Bets

In other news, CEO Balkrishan Kalra sold 9,000 shares of the business’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.40, for a total transaction of $417,600.00. Following the sale, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at $12,407,545.60. The trade was a 3.26 % 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. Also, SVP Piyush Mehta sold 12,000 shares of the business’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction of $513,960.00. Following the sale, the senior vice president now directly owns 151,182 shares in the company, valued at $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. Over the last three months, insiders have sold 34,600 shares of company stock valued at $1,538,120. 2.80% of the stock is currently owned by insiders.

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.