Aaron Wealth Advisors LLC Acquires 548 Shares of Genpact Limited (NYSE:G)

Aaron Wealth Advisors LLC raised its stake in shares of Genpact Limited (NYSE:G) by 8.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,437 shares of the business services provider’s stock after buying an additional 548 shares during the quarter. Aaron Wealth Advisors LLC’s holdings in Genpact were worth $319,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Kera Capital Partners Inc. bought a new position in Genpact in the 4th quarter valued at approximately $268,000. HB Wealth Management LLC raised its stake in shares of Genpact by 18.9% in the fourth quarter. HB Wealth Management LLC now owns 10,224 shares of the business services provider’s stock worth $439,000 after purchasing an additional 1,627 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Genpact by 6.5% during the fourth quarter. Wedge Capital Management L L P NC now owns 46,179 shares of the business services provider’s stock valued at $1,983,000 after purchasing an additional 2,830 shares in the last quarter. Sawyer & Company Inc boosted its position in shares of Genpact by 2.7% during the fourth quarter. Sawyer & Company Inc now owns 37,213 shares of the business services provider’s stock valued at $1,598,000 after buying an additional 970 shares during the last quarter. Finally, Burney Co. increased its holdings in Genpact by 242.8% in the 4th quarter. Burney Co. now owns 130,798 shares of the business services provider’s stock worth $5,618,000 after buying an additional 92,641 shares in the last quarter. 96.03% of the stock is owned by institutional investors.

Insider Activity at Genpact

In other news, SVP Piyush Mehta sold 12,000 shares of the company’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $42.83, for a total transaction of $513,960.00. Following the sale, the senior vice president now directly owns 151,182 shares of the company’s stock, valued at $6,475,125.06. This represents a 7.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Balkrishan Kalra sold 9,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at approximately $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. In the last 90 days, insiders have sold 35,058 shares of company stock valued at $1,558,675. 2.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. TD Cowen increased their price objective on shares of Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC increased their price target 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 upped their price objective on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research report 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. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $42.33.

Genpact Price Performance

NYSE G opened at $45.13 on Tuesday. The stock has a market cap of $7.96 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 1.43 and a beta of 1.18. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $47.98. The company’s 50 day moving average is $44.41 and its two-hundred day moving average is $39.87. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50.

About Genpact

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.