C WorldWide Group Holding A S Sells 10,049 Shares of Genpact Limited (NYSE:G)

C WorldWide Group Holding A S cut its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 18.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,689 shares of the business services provider's stock after selling 10,049 shares during the period. C WorldWide Group Holding A S's holdings in Genpact were worth $1,919,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Creative Planning lifted its stake in Genpact by 19.4% during the third quarter. Creative Planning now owns 30,590 shares of the business services provider's stock valued at $1,199,000 after buying an additional 4,976 shares in the last quarter. Greenleaf Trust acquired a new stake in shares of Genpact during the third quarter valued at approximately $210,000. Ballentine Partners LLC lifted its position in shares of Genpact by 38.1% in the 3rd quarter. Ballentine Partners LLC now owns 19,859 shares of the business services provider's stock valued at $779,000 after acquiring an additional 5,482 shares in the last quarter. Highland Capital Management LLC acquired a new position in Genpact in the 3rd quarter worth approximately $213,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Genpact during the 3rd quarter worth approximately $250,000. Institutional investors and hedge funds own 96.03% of the company's stock.

Insider Buying and Selling at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of the company's stock in a transaction dated Friday, December 13th. The shares were sold at an average price of $44.60, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Piyush Mehta sold 12,000 shares of Genpact 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 completion of 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. Corporate insiders own 2.80% of the company's stock.

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Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Jefferies Financial Group upgraded Genpact from a "hold" rating to a "buy" rating and increased their target price for the company from $44.00 to $55.00 in a report on Tuesday, January 21st. Robert W. Baird raised their price objective on Genpact from $44.00 to $48.00 and gave the stock a "neutral" rating in a research report on Friday, November 8th. TD Cowen raised Genpact from a "hold" rating to a "buy" rating and lifted their target price for the company from $45.00 to $60.00 in a research note on Friday, February 7th. Needham & Company LLC increased their price target on shares of Genpact from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Finally, Mizuho boosted 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. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Genpact presently has a consensus rating of "Hold" and a consensus target price of $48.44.

Genpact Stock Down 0.3 %

Shares of G traded down $0.16 during mid-day trading on Thursday, hitting $52.72. 1,186,857 shares of the company's stock were exchanged, compared to its average volume of 1,539,467. The stock has a market cap of $9.30 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 1.84 and a beta of 1.20. The firm has a fifty day moving average of $47.57 and a two-hundred day moving average of $43.20. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.50. Genpact Limited has a twelve month low of $30.23 and a twelve month high of $56.76.

Genpact (NYSE:G - Get Free Report) last posted its earnings results on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a return on equity of 22.50% and a net margin of 10.77%. On average, sell-side analysts forecast that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, March 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.29%. This is a boost from Genpact's previous quarterly dividend of $0.15. Genpact's dividend payout ratio is presently 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.