Franklin Resources Inc. Increases Stake in Genpact Limited (NYSE:G)

Franklin Resources Inc. grew its position in shares of Genpact Limited (NYSE:G) by 6.5% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,148,185 shares of the business services provider’s stock after buying an additional 252,674 shares during the quarter. Franklin Resources Inc. owned 2.35% of Genpact worth $162,318,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of G. CWM LLC increased its holdings in shares of Genpact by 160.8% in the 2nd quarter. CWM LLC now owns 952 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 587 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Genpact by 74.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 1,121 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Genpact by 221.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 2,293 shares in the last quarter. Centaurus Financial Inc. purchased a new position in Genpact during the 3rd quarter valued at about $159,000. Finally, M&T Bank Corp purchased a new position in Genpact during the 3rd quarter valued at about $206,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on G shares. Robert W. Baird raised their target price on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Needham & Company LLC raised their price target on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. raised their price target on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research note on Friday, September 6th. Jefferies Financial Group raised their price target on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Finally, TD Cowen raised their price target on shares of Genpact from $40.00 to $45.00 and gave the stock 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 company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $42.33.

Insider Activity at Genpact

In other news, CEO Balkrishan Kalra sold 9,000 shares of Genpact stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.40, for a total transaction of $417,600.00. Following the sale, the chief executive officer now owns 267,404 shares in the company, valued at $12,407,545.60. This trade represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.80% of the stock is currently owned by insiders.

Genpact Price Performance

G opened at $44.67 on Monday. Genpact Limited has a 1 year low of $30.23 and a 1 year high of $47.98. The company’s 50 day simple moving average is $42.38 and its 200 day simple moving average is $37.82. 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 stock has a market capitalization of $7.88 billion, a PE ratio of 12.27, a P/E/G ratio of 1.56 and a beta of 1.18.

Genpact Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a $0.1525 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.61 annualized dividend and a yield of 1.37%. Genpact’s payout ratio is 16.76%.

Genpact Company 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.