Scissortail Wealth Management LLC Invests $575,000 in Genpact Limited (NYSE:G)

Scissortail Wealth Management LLC acquired a new position in Genpact Limited (NYSE:G) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 15,805 shares of the business services provider’s stock, valued at approximately $575,000.

Several other large investors have also recently modified their holdings of the stock. Fred Alger Management LLC increased its holdings in Genpact by 136.7% during the 4th quarter. Fred Alger Management LLC now owns 878 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 507 shares during the period. Janiczek Wealth Management LLC purchased a new position in Genpact during the 3rd quarter valued at about $48,000. Covestor Ltd grew its holdings in shares of Genpact by 140.2% during the 3rd quarter. Covestor Ltd now owns 1,549 shares of the business services provider’s stock worth $56,000 after acquiring an additional 904 shares during the period. Buck Wealth Strategies LLC grew its holdings in shares of Genpact by 438.3% during the 3rd quarter. Buck Wealth Strategies LLC now owns 1,825 shares of the business services provider’s stock worth $66,000 after acquiring an additional 1,486 shares during the period. Finally, State of Wyoming purchased a new position in shares of Genpact during the 4th quarter worth approximately $66,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Insider Transactions at Genpact

In other news, SVP Heather White sold 11,450 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $36.00, for a total value of $412,200.00. Following the completion of the sale, the senior vice president now directly owns 21,175 shares in the company, valued at approximately $762,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.80% of the stock is currently owned by company insiders.

Genpact Stock Performance

G traded down $0.02 during mid-day trading on Wednesday, reaching $30.63. 1,101,061 shares of the company traded hands, compared to its average volume of 1,556,164. The stock has a market capitalization of $5.52 billion, a P/E ratio of 8.93, a P/E/G ratio of 1.44 and a beta of 1.07. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The company’s fifty day moving average price is $33.86 and its 200-day moving average price is $34.40. Genpact Limited has a 52-week low of $29.41 and a 52-week high of $45.50.

Genpact (NYSE:G) last announced its earnings results on Thursday, February 8th. The business services provider reported $0.68 earnings per share for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. Genpact had a net margin of 14.10% and a return on equity of 23.19%. On average, sell-side analysts expect 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. Shareholders of record on Monday, March 11th were paid a dividend of $0.153 per share. The ex-dividend date was Friday, March 8th. This is a positive change from Genpact’s previous quarterly dividend of $0.14. This represents a $0.61 dividend on an annualized basis and a yield of 2.00%. Genpact’s payout ratio is currently 17.78%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. Needham & Company LLC reiterated a “buy” rating and set a $40.00 target price on shares of Genpact in a report on Friday, February 9th. Mizuho started coverage on Genpact in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $40.00 price target on the stock. StockNews.com cut Genpact from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. Citigroup boosted their price target on Genpact from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Wednesday, January 17th. Finally, JPMorgan Chase & Co. boosted their price target on Genpact from $42.00 to $43.00 and gave the stock an “underweight” rating in a research report on Friday, February 9th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Genpact presently has an average rating of “Hold” and a consensus target price of $40.11.

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.