Sawyer & Company Inc Buys 970 Shares of Genpact Limited (NYSE:G)

Sawyer & Company Inc raised its stake in shares of Genpact Limited (NYSE:G) by 2.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,213 shares of the business services provider’s stock after acquiring an additional 970 shares during the period. Sawyer & Company Inc’s holdings in Genpact were worth $1,598,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its holdings in Genpact by 74.6% during the third quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after acquiring an additional 1,121 shares during the period. GAMMA Investing LLC raised its stake in shares of Genpact by 221.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock worth $131,000 after purchasing an additional 2,293 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Genpact by 17.0% in the 4th quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider’s stock worth $136,000 after buying an additional 461 shares during the last quarter. Centaurus Financial Inc. bought a new position in Genpact during the third quarter valued at about $159,000. Finally, M&T Bank Corp purchased a new stake in Genpact during the third quarter worth about $206,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

G has been the topic of a number of research analyst reports. TD Cowen boosted 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. Needham & Company LLC increased their price objective on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, Robert W. Baird boosted their target price on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $42.33.

Insider Buying and Selling

In other news, SVP Piyush Mehta sold 12,000 shares of the company’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.83, for a total value of $513,960.00. Following the completion of the transaction, the senior vice president now directly owns 151,182 shares in the company, valued at approximately $6,475,125.06. This represents a 7.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Balkrishan Kalra sold 9,000 shares of the stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.40, for a total value of $417,600.00. Following the transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 35,058 shares of company stock worth $1,558,675. Insiders own 2.80% of the company’s stock.

Genpact Price Performance

Shares of NYSE G opened at $44.31 on Thursday. The stock’s 50-day simple moving average is $44.39 and its two-hundred day simple moving average is $39.54. Genpact Limited has a twelve month low of $30.23 and a twelve month high of $47.98. The firm has a market capitalization of $7.81 billion, a P/E ratio of 12.17, a P/E/G ratio of 1.54 and a beta of 1.18. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50.

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.