Genpact Limited (NYSE:G) Short Interest Up 31.2% in March

Genpact Limited (NYSE:G) saw a significant increase in short interest in March. As of March 31st, there was short interest totalling 4,420,000 shares, an increase of 31.2% from the March 15th total of 3,370,000 shares. Based on an average daily volume of 1,560,000 shares, the days-to-cover ratio is presently 2.8 days. Approximately 2.5% of the shares of the stock are short sold.

Genpact Price Performance

G stock opened at $31.21 on Monday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.44 and a current ratio of 1.44. Genpact has a 1 year low of $29.41 and a 1 year high of $45.99. The firm has a market cap of $5.63 billion, a P/E ratio of 9.10, a price-to-earnings-growth ratio of 1.47 and a beta of 1.07. The stock has a 50-day simple moving average of $33.94 and a 200-day simple moving average of $34.44.

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

Genpact Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were issued a $0.153 dividend. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.61 dividend on an annualized basis and a yield of 1.96%. This is an increase from Genpact’s previous quarterly dividend of $0.14. Genpact’s dividend payout ratio is currently 17.78%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of G. ARGA Investment Management LP lifted its holdings in Genpact by 127.2% during the 1st quarter. ARGA Investment Management LP now owns 385,043 shares of the business services provider’s stock worth $12,687,000 after buying an additional 215,606 shares during the last quarter. Ballentine Partners LLC lifted its holdings in Genpact by 29.3% during the 1st quarter. Ballentine Partners LLC now owns 11,783 shares of the business services provider’s stock worth $388,000 after buying an additional 2,667 shares during the last quarter. Birch Capital Management LLC lifted its holdings in Genpact by 21.6% during the 1st quarter. Birch Capital Management LLC now owns 36,952 shares of the business services provider’s stock worth $1,218,000 after buying an additional 6,563 shares during the last quarter. Running Oak Capital LLC lifted its holdings in Genpact by 19.6% during the 1st quarter. Running Oak Capital LLC now owns 241,438 shares of the business services provider’s stock worth $7,955,000 after buying an additional 39,592 shares during the last quarter. Finally, Tealwood Asset Management Inc. lifted its holdings in Genpact by 8.0% during the 1st quarter. Tealwood Asset Management Inc. now owns 24,634 shares of the business services provider’s stock worth $812,000 after buying an additional 1,818 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on G shares. JPMorgan Chase & Co. upped their target price on Genpact from $42.00 to $43.00 and gave the company an “underweight” rating in a research note on Friday, February 9th. Mizuho started coverage on Genpact in a research note on Tuesday, January 30th. They issued a “neutral” rating and a $40.00 target price for the company. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of Genpact in a research note on Friday, February 9th. StockNews.com lowered Genpact from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 5th. Finally, Citigroup upped their target price on Genpact from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $40.11.

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.