BlackRock Inc. boosted its holdings in Genpact Limited (NYSE:G) by 0.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,064,656 shares of the business services provider’s stock after purchasing an additional 25,103 shares during the period. BlackRock Inc. owned about 4.24% of Genpact worth $217,665,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. lifted its holdings in Genpact by 108.9% during the 3rd quarter. PNC Financial Services Group Inc. now owns 3,887 shares of the business services provider’s stock worth $120,000 after buying an additional 2,026 shares during the last quarter. Toronto Dominion Bank lifted its holdings in Genpact by 17,596.8% during the 3rd quarter. Toronto Dominion Bank now owns 5,486 shares of the business services provider’s stock worth $168,000 after buying an additional 5,455 shares during the last quarter. Sit Investment Associates Inc. lifted its holdings in Genpact by 19.5% during the 4th quarter. Sit Investment Associates Inc. now owns 5,675 shares of the business services provider’s stock worth $153,000 after buying an additional 925 shares during the last quarter. First Hawaiian Bank lifted its holdings in Genpact by 67.0% during the 4th quarter. First Hawaiian Bank now owns 5,968 shares of the business services provider’s stock worth $161,000 after buying an additional 2,395 shares during the last quarter. Finally, Quantamental Technologies LLC bought a new position in Genpact during the 4th quarter worth approximately $164,000. 89.22% of the stock is owned by hedge funds and other institutional investors.

In related news, insider Private Ltd Gic sold 1,499,806 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The stock was sold at an average price of $32.22, for a total value of $48,323,749.32. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Patrick Cogny sold 9,943 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $33.36, for a total value of $331,698.48. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,605,440 shares of company stock worth $51,820,019. 1.88% of the stock is owned by insiders.

Several analysts recently issued reports on the company. Cantor Fitzgerald reissued a “buy” rating and issued a $36.00 price target on shares of Genpact in a report on Sunday, March 3rd. Zacks Investment Research downgraded Genpact from a “hold” rating to a “sell” rating in a report on Monday, March 4th. Morgan Stanley raised Genpact from an “underweight” rating to an “overweight” rating and raised their price target for the stock from $28.50 to $33.00 in a report on Tuesday, January 15th. Wells Fargo & Co raised Genpact from a “market perform” rating to an “outperform” rating and set a $33.25 price target on the stock in a report on Friday, March 8th. Finally, JPMorgan Chase & Co. raised Genpact from an “underweight” rating to a “neutral” rating and raised their price target for the stock from $30.00 to $32.00 in a report on Monday, December 17th. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $33.97.

G opened at $34.11 on Monday. Genpact Limited has a 12 month low of $25.48 and a 12 month high of $34.16. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.39 and a current ratio of 1.39. The company has a market capitalization of $6.39 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 1.76 and a beta of 0.87.

Genpact (NYSE:G) last posted its earnings results on Thursday, February 7th. The business services provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.42 by $0.03. Genpact had a return on equity of 23.24% and a net margin of 9.40%. The firm had revenue of $835.34 million for the quarter, compared to analysts’ expectations of $810.98 million. During the same period last year, the firm earned $0.43 EPS. The firm’s revenue was up 13.7% compared to the same quarter last year. As a group, research analysts expect that Genpact Limited will post 1.72 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 20th. Investors of record on Friday, March 8th will be given a $0.085 dividend. This is a boost from Genpact’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a yield of 1.00%. The ex-dividend date is Thursday, March 7th. Genpact’s dividend payout ratio (DPR) is currently 21.25%.

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Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; over-the counter services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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