Birch Capital Management LLC Raises Stake in Genpact Limited (NYSE:G)

Birch Capital Management LLC grew its holdings in shares of Genpact Limited (NYSE:G) by 22.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 114,082 shares of the business services provider’s stock after acquiring an additional 20,866 shares during the quarter. Genpact accounts for approximately 2.5% of Birch Capital Management LLC’s holdings, making the stock its 15th biggest holding. Birch Capital Management LLC owned approximately 0.06% of Genpact worth $4,900,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in G. JPMorgan Chase & Co. boosted its position in shares of 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. Dimensional Fund Advisors LP grew its holdings in Genpact by 34.2% in the second 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. Los Angeles Capital Management LLC purchased a new position in shares of Genpact during the third quarter valued at approximately $19,779,000. Tandem Investment Advisors Inc. purchased a new stake in shares of Genpact in the 3rd quarter worth approximately $17,025,000. Finally, Geode Capital Management LLC increased its position in Genpact by 12.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock valued at $148,142,000 after buying an additional 413,646 shares in the last quarter. 96.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Genpact Stock Down 2.1 %

NYSE G traded down $0.92 on Tuesday, reaching $42.74. 395,984 shares of the stock traded hands, compared to its average volume of 965,191. Genpact Limited has a 12 month low of $30.23 and a 12 month 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 company has a fifty day moving average price of $43.70 and a 200-day moving average price of $39.02. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 1.54 and a beta of 1.18.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date was Monday, December 9th. Genpact’s dividend payout ratio (DPR) is 16.76%.

Insider Activity

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $44.60, for a total transaction of $606,560.00. Following the sale, the chief executive officer now owns 267,404 shares of the company’s stock, valued at approximately $11,926,218.40. The trade was a 4.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 23,058 shares of company stock worth $1,044,715. 2.80% of the stock is currently owned by corporate insiders.

About Genpact

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.