Versant Capital Management Inc Buys 461 Shares of Genpact Limited (NYSE:G)

Versant Capital Management Inc lifted its stake in shares of Genpact Limited (NYSE:G) by 17.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,178 shares of the business services provider’s stock after acquiring an additional 461 shares during the quarter. Versant Capital Management Inc’s holdings in Genpact were worth $136,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Venturi Wealth Management LLC raised its holdings in Genpact by 74.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after purchasing an additional 1,121 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Genpact by 221.3% during the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock worth $131,000 after buying an additional 2,293 shares during the period. Centaurus Financial Inc. acquired a new stake in shares of Genpact during the third quarter worth $159,000. M&T Bank Corp acquired a new position in Genpact in the third quarter valued at $206,000. Finally, Greenleaf Trust bought a new stake in Genpact during the third quarter valued at $210,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Stock Performance

Shares of Genpact stock opened at $43.53 on Friday. The company has a market cap of $7.68 billion, a PE ratio of 11.96, a price-to-earnings-growth ratio of 1.56 and a beta of 1.17. 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 business has a 50 day moving average price of $43.59 and a 200-day moving average price of $38.82.

Genpact Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were paid a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a yield of 1.40%. The ex-dividend date was Monday, December 9th. Genpact’s dividend payout ratio (DPR) is presently 16.76%.

Insiders Place Their Bets

In related news, CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $44.60, for a total transaction of $606,560.00. Following the completion of the sale, the chief executive officer now owns 267,404 shares in the company, valued at approximately $11,926,218.40. This trade represents a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 23,058 shares of company stock valued at $1,044,715 in the last three months. 2.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

G has been the subject of several research analyst reports. JPMorgan Chase & Co. lifted their price objective on Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Jefferies Financial Group boosted their price target on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 9th. TD Cowen increased their price target on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Robert W. Baird lifted their price objective on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC increased their target price on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $42.33.

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.