Tygh Capital Management Inc. Acquires New Stake in Genpact Limited (G)

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Tygh Capital Management Inc. acquired a new position in Genpact Limited (NYSE:G) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 196,707 shares of the business services provider’s stock, valued at approximately $5,309,000. Tygh Capital Management Inc. owned approximately 0.10% of Genpact at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in G. CIBC Private Wealth Group LLC raised its position in Genpact by 4.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 11,573 shares of the business services provider’s stock valued at $313,000 after purchasing an additional 454 shares in the last quarter. BB&T Securities LLC raised its position in shares of Genpact by 4.3% during the 4th quarter. BB&T Securities LLC now owns 84,664 shares of the business services provider’s stock worth $2,285,000 after acquiring an additional 3,528 shares in the last quarter. Montag & Caldwell LLC raised its position in shares of Genpact by 56.3% during the 4th quarter. Montag & Caldwell LLC now owns 14,580 shares of the business services provider’s stock worth $394,000 after acquiring an additional 5,252 shares in the last quarter. OLD National Bancorp IN raised its position in shares of Genpact by 5.9% during the 4th quarter. OLD National Bancorp IN now owns 39,860 shares of the business services provider’s stock worth $1,076,000 after acquiring an additional 2,218 shares in the last quarter. Finally, Quantamental Technologies LLC acquired a new stake in shares of Genpact during the 4th quarter worth about $164,000. Institutional investors and hedge funds own 89.44% of the company’s stock.

G has been the topic of several research analyst reports. Morgan Stanley raised Genpact from an “underweight” rating to an “overweight” rating and raised their target price for the stock from $28.50 to $33.00 in a research report on Tuesday, January 15th. JPMorgan Chase & Co. cut their target price on Genpact from $33.00 to $32.00 and set an “underweight” rating on the stock in a research report on Wednesday, October 24th. Zacks Investment Research raised Genpact from a “sell” rating to a “hold” rating in a research report on Tuesday, October 16th. Cantor Fitzgerald reissued a “buy” rating and set a $36.00 target price on shares of Genpact in a research report on Wednesday, November 7th. Finally, Wells Fargo & Co set a $32.00 target price on Genpact and gave the stock a “hold” rating in a research report on Wednesday, November 7th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $34.35.

Shares of NYSE G traded up $0.04 during midday trading on Tuesday, hitting $32.63. 6,385 shares of the company’s stock were exchanged, compared to its average volume of 554,879. The firm has a market capitalization of $6.22 billion, a PE ratio of 20.42, a price-to-earnings-growth ratio of 1.85 and a beta of 0.80. Genpact Limited has a twelve month low of $25.48 and a twelve month high of $33.99. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.31 and a current ratio of 1.31.

Genpact (NYSE:G) last released its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.42 by $0.03. The company had revenue of $835.34 million for the quarter, compared to analyst estimates of $810.98 million. Genpact had a return on equity of 23.63% and a net margin of 9.40%. The firm’s revenue was up 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 earnings per share. On average, sell-side analysts forecast that Genpact Limited will post 1.77 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 20th. Shareholders of record on Friday, March 8th will be given a dividend of $0.085 per share. This is a positive change from Genpact’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Thursday, March 7th. This represents a $0.34 annualized dividend and a yield of 1.04%. Genpact’s payout ratio is 18.75%.

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Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; over-the counter services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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