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

Capital International Sarl lowered its stake in shares of Genpact Limited (NYSE:G) by 8.5% in the fourth quarter, HoldingsChannel reports. The fund owned 17,805 shares of the business services provider’s stock after selling 1,659 shares during the quarter. Capital International Sarl’s holdings in Genpact were worth $765,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. HighTower Advisors LLC acquired a new position in shares of Genpact in the 3rd quarter valued at about $232,000. Stifel Financial Corp acquired a new position in Genpact during the third quarter valued at approximately $1,197,000. Orion Portfolio Solutions LLC purchased a new stake in Genpact during the third quarter worth approximately $211,000. MML Investors Services LLC increased its position in shares of Genpact by 31.4% in the third quarter. MML Investors Services LLC now owns 12,058 shares of the business services provider’s stock worth $473,000 after acquiring an additional 2,879 shares in the last quarter. Finally, Sanctuary Advisors LLC raised its stake in shares of Genpact by 52.9% in the 3rd quarter. Sanctuary Advisors LLC now owns 16,573 shares of the business services provider’s stock valued at $650,000 after acquiring an additional 5,734 shares during the period. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Genpact Stock Performance

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

Genpact (NYSE:G) last released its earnings results on Thursday, February 6th. The business services provider reported $0.82 EPS 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%. On average, analysts expect that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.43%. This is a boost from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, March 11th. Genpact’s dividend payout ratio is 23.94%.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on G. Needham & Company LLC increased their price target on Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, February 7th. Mizuho boosted their price target on Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. TD Cowen raised shares of Genpact from a “hold” rating to a “buy” rating and increased their price objective for the company from $45.00 to $60.00 in a research report on Friday, February 7th. Finally, Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and boosted their target price for the stock from $44.00 to $55.00 in a research report on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $48.44.

Insider Transactions at Genpact

In related news, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $15,167,926.94. The trade was a 4.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.80% of the company’s stock.

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.