Bell Asset Management Ltd Sells 24,195 Shares of Genpact Limited (NYSE:G)

Bell Asset Management Ltd lessened its stake in shares of Genpact Limited (NYSE:G - Free Report) by 15.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 129,042 shares of the business services provider's stock after selling 24,195 shares during the quarter. Bell Asset Management Ltd owned approximately 0.07% of Genpact worth $5,542,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. raised its holdings in Genpact by 17.5% in the fourth quarter. Federated Hermes Inc. now owns 15,142 shares of the business services provider's stock valued at $650,000 after buying an additional 2,256 shares during the period. Aristides Capital LLC increased its position in shares of Genpact by 21.7% in the fourth quarter. Aristides Capital LLC now owns 82,133 shares of the business services provider's stock worth $3,528,000 after acquiring an additional 14,641 shares in the last quarter. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in shares of Genpact in the 4th quarter valued at $790,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Genpact during the 4th quarter valued at $324,000. Finally, Wells Fargo & Company MN boosted its position in Genpact by 35.4% during the 4th quarter. Wells Fargo & Company MN now owns 16,838 shares of the business services provider's stock worth $723,000 after purchasing an additional 4,403 shares during the period. Institutional investors and hedge funds own 96.03% of the company's stock.

Genpact Stock Performance

Shares of NYSE G traded up $0.60 during mid-day trading on Friday, hitting $47.31. The company had a trading volume of 1,090,083 shares, compared to its average volume of 1,352,212. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $56.76. The firm has a market cap of $8.31 billion, a P/E ratio of 16.66, a PEG ratio of 1.84 and a beta of 1.06. The business's 50-day simple moving average is $51.00 and its 200-day simple moving average is $45.78. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85.

Genpact (NYSE:G - Get Free Report) last posted its 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 net margin of 10.77% and a return on equity of 22.50%. As a group, analysts predict that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were paid a $0.17 dividend. This is a boost from Genpact's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.44%. The ex-dividend date was Tuesday, March 11th. Genpact's dividend payout ratio (DPR) is 23.94%.

Analyst Ratings Changes

A number of research firms have weighed in on G. Mizuho upped their price objective on shares of Genpact from $45.00 to $55.00 and gave the company 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 raised their price target for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Needham & Company LLC upped their price target on shares of Genpact from $55.00 to $65.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, Jefferies Financial Group raised shares of Genpact from a "hold" rating to a "buy" rating and raised their price objective for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $48.44.

Insider Transactions at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of the company'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 of the company's stock, valued at $15,167,926.94. This represents a 4.20 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.80% of the stock is currently owned by corporate 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.