Phillips Wealth Planners LLC Invests $201,000 in Genpact Limited (NYSE:G)

Phillips Wealth Planners LLC purchased a new position in Genpact Limited (NYSE:G) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,647 shares of the business services provider’s stock, valued at approximately $201,000.

Other hedge funds have also made changes to their positions in the company. Jensen Investment Management Inc. raised its position in Genpact by 6.4% during the third quarter. Jensen Investment Management Inc. now owns 189,985 shares of the business services provider’s stock valued at $7,449,000 after acquiring an additional 11,410 shares in the last quarter. Stifel Financial Corp bought a new position in Genpact during the third quarter valued at approximately $1,197,000. Burney Co. raised its position in Genpact by 242.8% during the fourth quarter. Burney Co. now owns 130,798 shares of the business services provider’s stock valued at $5,618,000 after acquiring an additional 92,641 shares in the last quarter. JPMorgan Chase & Co. raised 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 acquiring an additional 2,060,595 shares in the last quarter. Finally, HighTower Advisors LLC bought a new position in Genpact during the third quarter valued at approximately $232,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Genpact Trading Down 0.8 %

Shares of Genpact stock opened at $45.79 on Thursday. The company’s fifty day simple moving average is $44.39 and its 200-day simple moving average is $40.02. The company has a market cap of $8.08 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.52 and a beta of 1.18. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact Limited has a 1 year low of $30.23 and a 1 year high of $47.98.

Genpact (NYSE:G) last posted its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. Genpact had a net margin of 14.22% and a return on equity of 21.85%. The firm had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the company earned $0.67 earnings per share. As a group, sell-side analysts expect that Genpact Limited will post 2.95 EPS for the current year.

Insiders Place Their Bets

In other news, SVP Piyush Mehta sold 12,000 shares of the firm’s stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction of $513,960.00. Following the completion of the sale, the senior vice president now owns 151,182 shares of the company’s stock, valued at approximately $6,475,125.06. This trade represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Balkrishan Kalra sold 13,600 shares of Genpact 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 completion of the transaction, the chief executive officer now owns 267,404 shares of the company’s stock, valued at $11,926,218.40. This trade represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,058 shares of company stock worth $1,558,675 over the last 90 days. Corporate insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. TD Cowen raised their price objective on shares of Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Robert W. Baird raised their price objective on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and lifted their price target for the company from $44.00 to $55.00 in a research report on Tuesday. Finally, Needham & Company LLC lifted their price target on shares of Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Genpact has a consensus rating of “Hold” and a consensus target price of $44.00.

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.