Ellsworth Advisors LLC Has $3.42 Million Stock Position in Genpact Limited (NYSE:G)

Ellsworth Advisors LLC grew its holdings in shares of Genpact Limited (NYSE:G) by 5.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,654 shares of the business services provider’s stock after buying an additional 4,985 shares during the quarter. Ellsworth Advisors LLC’s holdings in Genpact were worth $3,424,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in G. Fred Alger Management LLC lifted its position in shares of Genpact by 136.7% during the fourth quarter. Fred Alger Management LLC now owns 878 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 507 shares in the last quarter. Janiczek Wealth Management LLC bought a new position in shares of Genpact during the third quarter valued at about $48,000. State of Wyoming bought a new position in shares of Genpact during the fourth quarter valued at about $66,000. Belpointe Asset Management LLC lifted its position in shares of Genpact by 27.6% during the first quarter. Belpointe Asset Management LLC now owns 1,446 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 313 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in shares of Genpact by 5,162.1% during the fourth quarter. Lazard Asset Management LLC now owns 1,526 shares of the business services provider’s stock valued at $70,000 after purchasing an additional 1,497 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

G has been the topic of a number of recent analyst reports. Citigroup raised their price target 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. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Genpact in a research report on Friday, February 9th. Robert W. Baird reaffirmed a “neutral” rating and issued a $38.00 price objective on shares of Genpact in a research report on Friday, December 15th. StockNews.com raised shares of Genpact from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 1st. Finally, Mizuho initiated coverage on shares of Genpact in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $40.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.11.

Insider Activity at Genpact

In related news, SVP Heather White sold 11,450 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $36.00, for a total transaction of $412,200.00. Following the completion of the transaction, the senior vice president now owns 21,175 shares of the company’s stock, valued at $762,300. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 2.80% of the stock is owned by corporate insiders.

Genpact Stock Performance

Shares of NYSE G traded up $0.19 during midday trading on Friday, hitting $32.95. The company’s stock had a trading volume of 2,025,459 shares, compared to its average volume of 1,777,810. The stock has a fifty day moving average price of $34.83 and a 200 day moving average price of $34.84. Genpact Limited has a one year low of $29.41 and a one year high of $46.25. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $5.94 billion, a price-to-earnings ratio of 9.60, a P/E/G ratio of 1.54 and a beta of 1.08.

Genpact (NYSE:G) last posted its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.03. Genpact had a net margin of 14.10% and a return on equity of 23.19%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.12 billion. On average, research analysts forecast that Genpact Limited will post 2.7 EPS for the current fiscal year.

Genpact Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Monday, March 11th were given a $0.153 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.61 annualized dividend and a dividend yield of 1.86%. This is a positive change from Genpact’s previous quarterly dividend of $0.14. Genpact’s payout ratio is 17.78%.

Genpact Company 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.