Sequoia Financial Advisors LLC Buys 1,671 Shares of Genpact Limited (NYSE:G)

Sequoia Financial Advisors LLC increased its stake in Genpact Limited (NYSE:G) by 9.6% during the fourth quarter, Holdings Channel reports. The firm owned 19,044 shares of the business services provider’s stock after acquiring an additional 1,671 shares during the period. Sequoia Financial Advisors LLC’s holdings in Genpact were worth $661,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC increased its stake in shares of Genpact by 8.1% in the 3rd quarter. FMR LLC now owns 17,644,694 shares of the business services provider’s stock valued at $638,738,000 after purchasing an additional 1,327,435 shares during the last quarter. BlackRock Inc. grew its position in Genpact by 3.3% in the first quarter. BlackRock Inc. now owns 16,019,805 shares of the business services provider’s stock valued at $740,435,000 after acquiring an additional 512,786 shares during the last quarter. Alliancebernstein L.P. raised its stake in Genpact by 13.2% during the second quarter. Alliancebernstein L.P. now owns 6,138,792 shares of the business services provider’s stock worth $230,634,000 after acquiring an additional 715,149 shares in the last quarter. Moneta Group Investment Advisors LLC boosted its stake in shares of Genpact by 103,311.3% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 4,937,889 shares of the business services provider’s stock valued at $228,723,000 after purchasing an additional 4,933,114 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of Genpact by 1.8% during the 3rd quarter. State Street Corp now owns 4,340,982 shares of the business services provider’s stock valued at $190,005,000 after purchasing an additional 74,711 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Genpact Stock Down 1.8 %

Genpact stock opened at $30.64 on Tuesday. The firm has a market cap of $5.53 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 1.47 and a beta of 1.07. Genpact Limited has a 52-week low of $29.41 and a 52-week high of $45.50. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.44 and a current ratio of 1.44. The firm has a 50 day moving average price of $33.86 and a two-hundred day moving average price of $34.40.

Genpact (NYSE:G) last announced its earnings results on Thursday, February 8th. The business services provider reported $0.68 earnings per share for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. The business had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. Genpact had a net margin of 14.10% and a return on equity of 23.19%. Equities analysts predict that Genpact Limited will post 2.7 EPS for the current year.

Genpact Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were given a dividend of $0.153 per share. This is a positive change from Genpact’s previous quarterly dividend of $0.14. The ex-dividend date was Friday, March 8th. This represents a $0.61 annualized dividend and a dividend yield of 2.00%. Genpact’s dividend payout ratio is presently 17.78%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Citigroup raised their target price on shares of Genpact from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Mizuho started coverage on Genpact in a research report on Tuesday, January 30th. They set a “neutral” rating and a $40.00 price objective on the stock. JPMorgan Chase & Co. increased their target price on Genpact from $42.00 to $43.00 and gave the company an “underweight” rating in a research report on Friday, February 9th. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of Genpact in a report on Friday, February 9th. Finally, StockNews.com downgraded shares of Genpact from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $40.11.

Insider Buying and Selling

In other news, SVP Heather White sold 11,450 shares of Genpact stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $36.00, for a total value of $412,200.00. Following the completion of the sale, the senior vice president now owns 21,175 shares in the company, valued at approximately $762,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.80% of the stock is currently owned by 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.