Boston Advisors LLC acquired a new position in Genpact Limited (NYSE:G) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 31,940 shares of the business services provider’s stock, valued at approximately $1,014,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in G. Ameriprise Financial Inc. increased its stake in shares of Genpact by 3.1% in the second quarter. Ameriprise Financial Inc. now owns 30,196 shares of the business services provider’s stock worth $840,000 after purchasing an additional 907 shares in the last quarter. BlackRock Inc. increased its stake in shares of Genpact by 40.1% in the second quarter. BlackRock Inc. now owns 10,761,151 shares of the business services provider’s stock worth $299,483,000 after purchasing an additional 3,080,741 shares in the last quarter. California Public Employees Retirement System increased its stake in shares of Genpact by 3.3% in the second quarter. California Public Employees Retirement System now owns 386,800 shares of the business services provider’s stock worth $10,765,000 after purchasing an additional 12,500 shares in the last quarter. Parametric Portfolio Associates LLC increased its stake in shares of Genpact by 3.5% in the second quarter. Parametric Portfolio Associates LLC now owns 655,006 shares of the business services provider’s stock worth $18,229,000 after purchasing an additional 22,121 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Genpact by 12.3% in the second quarter. Dimensional Fund Advisors LP now owns 1,487,882 shares of the business services provider’s stock worth $41,409,000 after purchasing an additional 162,487 shares in the last quarter. 91.48% of the stock is owned by hedge funds and other institutional investors.

In other Genpact news, insider Mohit Thukral sold 25,000 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $32.25, for a total transaction of $806,250.00. Following the completion of the transaction, the insider now owns 85,305 shares in the company, valued at $2,751,086.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Private Ltd Gic sold 1,499,806 shares of the stock in a transaction on Monday, November 20th. The shares were sold at an average price of $30.26, for a total transaction of $45,384,129.56. The disclosure for this sale can be found here. Insiders have sold 1,654,797 shares of company stock valued at $50,356,184 over the last ninety days. 1.41% of the stock is currently owned by corporate insiders.

Genpact Limited (NYSE G) opened at $34.33 on Tuesday. The firm has a market cap of $6,710.15, a price-to-earnings ratio of 24.88, a P/E/G ratio of 2.16 and a beta of 0.58. Genpact Limited has a 52 week low of $23.34 and a 52 week high of $34.79. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.65 and a current ratio of 1.65.

Genpact (NYSE:G) last posted its earnings results on Tuesday, November 7th. The business services provider reported $0.46 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.10. The company had revenue of $708.82 million during the quarter, compared to analysts’ expectations of $685.25 million. Genpact had a net margin of 10.18% and a return on equity of 23.86%. Genpact’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the company posted $0.37 earnings per share. equities analysts predict that Genpact Limited will post 1.47 EPS for the current fiscal year.

A number of analysts have recently issued reports on G shares. Zacks Investment Research cut shares of Genpact from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. BMO Capital Markets reaffirmed a “hold” rating on shares of Genpact in a research note on Friday, October 6th. SunTrust Banks reaffirmed a “buy” rating and set a $34.00 target price on shares of Genpact in a research note on Monday, October 9th. Robert W. Baird reaffirmed an “outperform” rating and set a $36.00 target price (up from $34.00) on shares of Genpact in a research note on Tuesday, October 10th. Finally, Cowen reaffirmed a “buy” rating and set a $33.00 target price on shares of Genpact in a research note on Thursday, October 12th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Genpact has an average rating of “Buy” and a consensus target price of $33.38.

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Genpact Company Profile

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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