Genpact Limited (NYSE:G) Shares Sold by Inspire Investing LLC

Inspire Investing LLC decreased its holdings in shares of Genpact Limited (NYSE:G) by 6.9% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 34,692 shares of the business services provider’s stock after selling 2,585 shares during the period. Inspire Investing LLC’s holdings in Genpact were worth $1,490,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of G. UMB Bank n.a. lifted its position in Genpact by 55.7% during the 4th quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock worth $52,000 after acquiring an additional 433 shares during the period. Venturi Wealth Management LLC raised its stake in shares of Genpact by 74.6% in the third quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after purchasing an additional 1,121 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Genpact by 221.3% during the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock worth $131,000 after purchasing an additional 2,293 shares during the period. Versant Capital Management Inc boosted its position in Genpact by 17.0% in the fourth quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider’s stock valued at $136,000 after buying an additional 461 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in Genpact by 22.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,378 shares of the business services provider’s stock worth $145,000 after buying an additional 619 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insider Buying and Selling

In other news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $44.60, for a total value of $606,560.00. Following the completion of the sale, the chief executive officer now directly owns 267,404 shares in the company, valued at $11,926,218.40. This represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Piyush Mehta sold 12,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.83, for a total transaction of $513,960.00. Following the transaction, the senior vice president now owns 151,182 shares in the company, valued at $6,475,125.06. The trade was a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,058 shares of company stock worth $1,558,675. Insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on G shares. Jefferies Financial Group upgraded shares of Genpact from a “hold” rating to a “buy” rating and increased their price objective for the stock from $44.00 to $55.00 in a research note on Tuesday. Robert W. Baird raised their target price on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Needham & Company LLC lifted their price target on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, TD Cowen upped their price objective on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Genpact currently has an average rating of “Hold” and a consensus target price of $44.00.

Genpact Trading Up 0.8 %

Shares of NYSE:G opened at $46.17 on Friday. The business’s 50 day moving average price is $44.39 and its 200-day moving average price is $40.02. Genpact Limited has a 1 year low of $30.23 and a 1 year high of $47.98. The firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 12.68, a price-to-earnings-growth ratio of 1.52 and a beta of 1.18. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85.

Genpact (NYSE:G) last announced its earnings results on Thursday, November 7th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.04. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.19 billion. Genpact had a net margin of 14.22% and a return on equity of 21.85%. During the same quarter last year, the business earned $0.67 earnings per share. On average, equities research analysts forecast that Genpact Limited will post 2.95 earnings per share for the current fiscal year.

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.