Flynn Zito Capital Management LLC Invests $206,000 in Genpact Limited (NYSE:G)

Flynn Zito Capital Management LLC bought a new position in shares of Genpact Limited (NYSE:G) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,943 shares of the business services provider’s stock, valued at approximately $206,000.

Other institutional investors have also modified their holdings of the company. Fred Alger Management LLC increased its position in shares of Genpact by 136.7% during the fourth quarter. Fred Alger Management LLC now owns 878 shares of the business services provider’s stock worth $41,000 after acquiring an additional 507 shares during the period. Janiczek Wealth Management LLC purchased a new position in shares of Genpact during the third quarter worth approximately $48,000. State of Wyoming purchased a new position in Genpact during the fourth quarter valued at approximately $66,000. Belpointe Asset Management LLC increased its holdings in Genpact by 27.6% during the first quarter. Belpointe Asset Management LLC now owns 1,446 shares of the business services provider’s stock valued at $67,000 after buying an additional 313 shares during the period. Finally, Lazard Asset Management LLC increased its holdings in Genpact by 5,162.1% during the fourth quarter. Lazard Asset Management LLC now owns 1,526 shares of the business services provider’s stock valued at $70,000 after buying an additional 1,497 shares during the period. 96.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com lowered shares of Genpact from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Mizuho assumed coverage on shares of Genpact in a report on Tuesday, January 30th. They set a “neutral” rating and a $40.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Genpact in a report on Friday, February 9th. Citigroup raised their target price on shares of Genpact from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. Finally, JPMorgan Chase & Co. raised their target price on shares of Genpact from $42.00 to $43.00 and gave the company an “underweight” rating in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $40.11.

Genpact Stock Performance

Shares of NYSE:G traded up $0.33 on Thursday, hitting $30.89. 1,295,298 shares of the company were exchanged, compared to its average volume of 1,513,883. Genpact Limited has a 1-year low of $29.41 and a 1-year high of $45.38. The stock’s 50 day moving average price is $33.69 and its 200 day moving average price is $34.34. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $5.57 billion, a P/E ratio of 8.98, a price-to-earnings-growth ratio of 1.44 and a beta of 1.07.

Genpact (NYSE:G) last released its earnings results on Thursday, February 8th. The business services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Genpact had a net margin of 14.10% and a return on equity of 23.19%. Sell-side analysts predict that Genpact Limited will post 2.7 EPS for the current year.

Genpact Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were given a $0.153 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.98%. This is an increase from Genpact’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, March 8th. Genpact’s dividend payout ratio (DPR) is 17.78%.

Insider Activity at Genpact

In related news, SVP Heather White sold 11,450 shares of the stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $36.00, for a total transaction of $412,200.00. Following the completion of the sale, the senior vice president now owns 21,175 shares in the company, valued at approximately $762,300. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.80% of the company’s stock.

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.