Flynn Zito Capital Management LLC Has $283,000 Stock Position in Genpact Limited (NYSE:G)

Flynn Zito Capital Management LLC lessened its position in Genpact Limited (NYSE:G) by 6.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 6,580 shares of the business services provider’s stock after selling 426 shares during the period. Flynn Zito Capital Management LLC’s holdings in Genpact were worth $283,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of G. JPMorgan Chase & Co. grew its position in Genpact by 192.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock valued at $122,701,000 after purchasing an additional 2,060,595 shares during the period. Tandem Investment Advisors Inc. increased its position 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 worth $91,480,000 after acquiring an additional 1,695,706 shares in the last quarter. Los Angeles Capital Management LLC bought a new stake in shares of Genpact during the third quarter worth about $19,779,000. Geode Capital Management LLC raised its holdings in shares of Genpact by 12.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock worth $148,142,000 after acquiring an additional 413,646 shares during the last quarter. Finally, Empowered Funds LLC boosted its stake in Genpact by 1,942.3% during the 4th quarter. Empowered Funds LLC now owns 325,379 shares of the business services provider’s stock valued at $13,975,000 after purchasing an additional 309,447 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Insider Buying and Selling

In other Genpact news, SVP Piyush Mehta sold 12,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $42.83, for a total value 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 represents a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $44.60, for a total transaction of $606,560.00. Following the completion of the transaction, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at approximately $11,926,218.40. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Genpact Price Performance

Shares of NYSE:G opened at $52.82 on Thursday. The firm has a market capitalization of $9.31 billion, a PE ratio of 18.60, a P/E/G ratio of 1.84 and a beta of 1.20. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.50. The company has a 50-day moving average price of $47.57 and a two-hundred day moving average price of $43.20. Genpact Limited has a twelve month low of $30.23 and a twelve month high of $56.76.

Genpact (NYSE:G) last released its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.82 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%. Equities analysts forecast that Genpact Limited will post 3.21 EPS for the current 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 dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.29%. This is a positive change from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, March 11th. Genpact’s payout ratio is presently 23.94%.

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.