Genpact Limited (NYSE:G) Shares Sold by PDS Planning Inc

PDS Planning Inc cut its stake in shares of Genpact Limited (NYSE:G) by 20.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,409 shares of the business services provider’s stock after selling 1,886 shares during the quarter. PDS Planning Inc’s holdings in Genpact were worth $318,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Signaturefd LLC raised its position in Genpact by 11.4% in the fourth quarter. Signaturefd LLC now owns 19,021 shares of the business services provider’s stock worth $817,000 after acquiring an additional 1,952 shares in the last quarter. Jensen Investment Management Inc. raised its position in Genpact by 2.9% in the fourth quarter. Jensen Investment Management Inc. now owns 195,485 shares of the business services provider’s stock worth $8,396,000 after acquiring an additional 5,500 shares in the last quarter. Corient Private Wealth LLC raised its position in Genpact by 8.3% in the fourth quarter. Corient Private Wealth LLC now owns 25,599 shares of the business services provider’s stock worth $1,099,000 after acquiring an additional 1,966 shares in the last quarter. Globeflex Capital L P raised its position in Genpact by 75.2% in the fourth quarter. Globeflex Capital L P now owns 203,891 shares of the business services provider’s stock worth $8,757,000 after acquiring an additional 87,504 shares in the last quarter. Finally, Swiss National Bank purchased a new position in Genpact in the fourth quarter worth $14,298,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on G. Needham & Company LLC increased their price objective on Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Mizuho increased their price objective 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 upgraded Genpact from a “hold” rating to a “buy” rating and increased their price objective for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Finally, Jefferies Financial Group upgraded Genpact from a “hold” rating to a “buy” rating and raised their price target for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Genpact currently has an average rating of “Hold” and a consensus price target of $48.44.

Genpact Trading Up 0.2 %

Genpact stock opened at $50.47 on Wednesday. The stock has a market cap of $8.87 billion, a PE ratio of 17.77, a P/E/G ratio of 1.84 and a beta of 1.16. The stock has a 50-day moving average price of $49.86 and a 200 day moving average price of $44.46. Genpact Limited has a 52 week low of $30.23 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.

Genpact (NYSE:G) last posted its quarterly earnings data 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%. Equities research analysts predict that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Genpact’s previous quarterly dividend of $0.15. Genpact’s dividend payout ratio (DPR) is currently 23.94%.

Insider Buying and Selling

In other Genpact news, SVP Piyush Mehta sold 12,000 shares of the firm’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.83, for a total value of $513,960.00. Following the sale, the senior vice president now directly owns 151,182 shares of the company’s stock, valued at approximately $6,475,125.06. This trade represents a 7.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $48.89, for a total value of $664,904.00. Following the completion of the sale, the chief executive officer now directly owns 310,246 shares in the company, valued at approximately $15,167,926.94. The trade was a 4.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by company insiders.

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.