Trexquant Investment LP Buys 152,905 Shares of Genpact Limited (NYSE:G)

Trexquant Investment LP lifted its stake in shares of Genpact Limited (NYSE:G) by 177.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 239,127 shares of the business services provider’s stock after acquiring an additional 152,905 shares during the quarter. Trexquant Investment LP owned approximately 0.14% of Genpact worth $10,271,000 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. Geode Capital Management LLC grew its holdings in Genpact by 3.6% during the 4th quarter. Geode Capital Management LLC now owns 3,825,344 shares of the business services provider’s stock worth $170,175,000 after acquiring an additional 133,938 shares during the period. GFI Investment Counsel Ltd. grew its stake in Genpact by 2.4% during the fourth quarter. GFI Investment Counsel Ltd. now owns 1,320,949 shares of the business services provider’s stock worth $56,735,000 after purchasing an additional 31,111 shares during the period. Franklin Resources Inc. grew its stake in Genpact by 1.3% during the fourth quarter. Franklin Resources Inc. now owns 4,203,956 shares of the business services provider’s stock worth $180,560,000 after purchasing an additional 55,771 shares during the period. O Shaughnessy Asset Management LLC increased its holdings in Genpact by 15.6% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 10,361 shares of the business services provider’s stock worth $445,000 after purchasing an additional 1,402 shares in the last quarter. Finally, Walled Lake Planning & Wealth Management LLC lifted its stake in Genpact by 1.4% in the fourth quarter. Walled Lake Planning & Wealth Management LLC now owns 108,287 shares of the business services provider’s stock valued at $4,651,000 after buying an additional 1,478 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $48.89, for a total transaction of $664,904.00. Following the completion of the sale, the chief executive officer now owns 310,246 shares in the company, valued at approximately $15,167,926.94. This trade represents a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Piyush Mehta sold 12,000 shares of the business’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction of $513,960.00. Following the completion of the transaction, the senior vice president now owns 151,182 shares in the company, valued at approximately $6,475,125.06. The trade was a 7.35 % 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 corporate insiders.

Genpact Stock Down 0.1 %

Shares of NYSE:G opened at $50.53 on Thursday. The stock has a market cap of $8.88 billion, a price-to-earnings ratio of 17.79, a PEG ratio of 1.84 and a beta of 1.06. The business’s 50 day moving average is $51.13 and its 200 day moving average is $45.31. Genpact Limited has a 12-month low of $30.23 and a 12-month high of $56.76. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.50.

Genpact (NYSE:G) last posted its 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%. On average, sell-side analysts forecast that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.35%. The ex-dividend date of this dividend was Tuesday, March 11th. This is an increase from Genpact’s previous quarterly dividend of $0.15. Genpact’s payout ratio is presently 23.94%.

Analysts Set New Price Targets

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

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.