Kera Capital Partners Inc. Purchases New Position in Genpact Limited (NYSE:G)

Kera Capital Partners Inc. acquired a new position in Genpact Limited (NYSE:G) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 6,245 shares of the business services provider’s stock, valued at approximately $268,000.

Several other institutional investors also recently bought and sold shares of G. JPMorgan Chase & Co. lifted its position in shares of Genpact by 192.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock worth $122,701,000 after purchasing an additional 2,060,595 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Genpact by 34.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock worth $107,065,000 after buying an additional 847,249 shares during the period. Los Angeles Capital Management LLC purchased a new stake in Genpact during the third quarter worth $19,779,000. Tandem Investment Advisors Inc. bought a new stake in Genpact during the 3rd quarter valued at $17,025,000. Finally, Geode Capital Management LLC increased 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 valued at $148,142,000 after acquiring an additional 413,646 shares during the period. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Genpact Stock Up 0.7 %

G stock opened at $45.13 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact Limited has a 52 week low of $30.23 and a 52 week high of $47.98. The stock has a market capitalization of $7.96 billion, a PE ratio of 12.40, a price-to-earnings-growth ratio of 1.43 and a beta of 1.18. The firm has a 50 day moving average of $44.44 and a 200 day moving average of $39.72.

Analyst Upgrades and Downgrades

G has been the subject of a number of analyst reports. TD Cowen raised their price objective on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC raised their price target on shares of Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 11th. 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. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $42.33.

Insider Transactions at Genpact

In other news, SVP Piyush Mehta sold 12,000 shares of the stock in a transaction 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 owns 151,182 shares in the company, valued at $6,475,125.06. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Balkrishan Kalra sold 13,600 shares of the business’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 transaction, the chief executive officer now owns 267,404 shares of the company’s stock, valued at $11,926,218.40. This represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 35,058 shares of company stock worth $1,558,675. Company insiders own 2.80% of the company’s stock.

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.