Everence Capital Management Inc. Makes New Investment in Genpact Limited (NYSE:G)

Everence Capital Management Inc. purchased a new stake in shares of Genpact Limited (NYSE:G) during the 4th quarter, Holdings Channel.com reports. The fund purchased 4,890 shares of the business services provider’s stock, valued at approximately $210,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Franklin Resources Inc. increased its holdings in Genpact by 6.5% during the third quarter. Franklin Resources Inc. now owns 4,148,185 shares of the business services provider’s stock valued at $162,318,000 after buying an additional 252,674 shares during the last quarter. Geode Capital Management LLC increased its stake 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 worth $148,142,000 after purchasing an additional 413,646 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Genpact by 34.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock worth $107,065,000 after purchasing an additional 847,249 shares during the period. JPMorgan Chase & Co. lifted its position in Genpact by 192.8% during the third quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock valued at $122,701,000 after purchasing an additional 2,060,595 shares in the last quarter. Finally, Vulcan Value Partners LLC grew its holdings in Genpact by 22.2% during the second quarter. Vulcan Value Partners LLC now owns 1,567,428 shares of the business services provider’s stock valued at $50,456,000 after purchasing an additional 284,842 shares during the period. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

G has been the topic of several recent research reports. TD Cowen raised their price objective on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Robert W. Baird raised their target price 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. Finally, Needham & Company LLC upped their price target on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $42.33.

Genpact Stock Performance

Shares of NYSE G opened at $43.47 on Thursday. The company has a market cap of $7.67 billion, a P/E ratio of 11.94, a P/E/G ratio of 1.54 and a beta of 1.18. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $47.98. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. The firm’s fifty day moving average is $43.79 and its two-hundred day moving average is $39.09.

Genpact Announces Dividend

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

Insider Buying and Selling

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $44.60, for a total value of $606,560.00. Following the sale, the chief executive officer now owns 267,404 shares of the company’s stock, valued at $11,926,218.40. The trade was a 4.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders have sold 23,058 shares of company stock worth $1,044,715. Corporate insiders own 2.80% of the company’s stock.

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.