Capital International Sarl Decreases Position in Genpact Limited (NYSE:G)

Capital International Sarl reduced its stake in Genpact Limited (NYSE:G) by 8.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,805 shares of the business services provider’s stock after selling 1,659 shares during the period. Capital International Sarl’s holdings in Genpact were worth $765,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. SRH Advisors LLC acquired a new stake in Genpact during the 4th quarter worth $26,000. Atlas Capital Advisors Inc. boosted its position in shares of Genpact by 55.8% in the 4th quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider’s stock valued at $26,000 after purchasing an additional 216 shares during the period. Manchester Capital Management LLC purchased a new position in Genpact during the 4th quarter worth approximately $38,000. Smartleaf Asset Management LLC increased its position in Genpact by 416.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider’s stock worth $41,000 after buying an additional 783 shares during the period. Finally, UMB Bank n.a. lifted its stake in Genpact by 55.7% in the fourth quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock valued at $52,000 after buying an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Insider Activity at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $48.89, for a total transaction of $664,904.00. Following the completion of the transaction, the chief executive officer now owns 310,246 shares of the company’s stock, valued at approximately $15,167,926.94. This trade represents a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently commented on the stock. TD Cowen upgraded shares of Genpact from a “hold” rating to a “buy” rating and upped their price target for the company from $45.00 to $60.00 in a research report on Friday, February 7th. Jefferies Financial Group raised Genpact from a “hold” rating to a “buy” rating and raised their price target for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Mizuho lifted their target price on Genpact from $45.00 to $55.00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Finally, Needham & Company LLC increased their price target on Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Genpact presently has an average rating of “Hold” and an average price target of $48.44.

Genpact Stock Down 0.4 %

Shares of NYSE G opened at $47.56 on Friday. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $50.52 and a 200 day moving average price of $46.08. Genpact Limited has a 52 week low of $30.38 and a 52 week high of $56.76. The stock has a market capitalization of $8.35 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06.

Genpact (NYSE:G) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). Genpact had a return on equity of 22.50% and a net margin of 10.77%. Equities research analysts anticipate that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were given a $0.17 dividend. The ex-dividend date was Tuesday, March 11th. This is a positive change from Genpact’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.43%. Genpact’s payout ratio is currently 23.94%.

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.