Lazard Asset Management LLC Raises Stake in Genpact Limited (NYSE:G)

Lazard Asset Management LLC increased its stake in Genpact Limited (NYSE:G) by 115.3% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 80,319 shares of the business services provider’s stock after buying an additional 43,011 shares during the quarter. Lazard Asset Management LLC’s holdings in Genpact were worth $3,448,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in G. Coppell Advisory Solutions LLC boosted its position in Genpact by 529.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider’s stock worth $25,000 after purchasing an additional 503 shares during the period. SRH Advisors LLC bought a new position in Genpact during the fourth quarter worth about $26,000. Atlas Capital Advisors Inc. boosted its position in Genpact by 55.8% during the fourth quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider’s stock worth $26,000 after purchasing an additional 216 shares during the period. Manchester Capital Management LLC bought a new position in Genpact during the fourth quarter worth about $38,000. Finally, GeoWealth Management LLC boosted its position in Genpact by 199.0% during the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider’s stock worth $38,000 after purchasing an additional 583 shares during the period. 96.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on G shares. Mizuho increased their target price on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. TD Cowen raised shares of Genpact from a “hold” rating to a “buy” rating and increased their price target for the stock from $45.00 to $60.00 in a report on Friday, February 7th. Needham & Company LLC lowered their price target on shares of Genpact from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and increased their price target for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Finally, Robert W. Baird lowered their price target on shares of Genpact from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $50.71.

Insider Activity at Genpact

In other Genpact news, Director Nicholas C. Gangestad purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, May 13th. The shares were purchased at an average cost of $43.97 per share, with a total value of $87,940.00. Following the completion of the purchase, the director now owns 2,000 shares of the company’s stock, valued at $87,940. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $48.89, for a total transaction of $664,904.00. Following the transaction, the chief executive officer now directly owns 310,246 shares in the company, valued at $15,167,926.94. This trade represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.07% of the stock is currently owned by insiders.

Genpact Trading Up 0.9%

Shares of Genpact stock opened at $44.28 on Friday. Genpact Limited has a 12-month low of $30.38 and a 12-month high of $56.76. The company has a market cap of $7.78 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 1.84 and a beta of 1.02. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The company’s 50-day moving average price is $48.02 and its 200-day moving average price is $47.13.

Genpact (NYSE:G) last announced its earnings results on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Genpact had a net margin of 10.77% and a return on equity of 22.50%. Genpact’s quarterly revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm posted $0.73 earnings per share. On average, equities analysts expect that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

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.