Fmr LLC Lowers Stock Position in Genpact Limited (NYSE:G)

FMR LLC cut its position in shares of Genpact Limited (NYSE:G - Free Report) by 9.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,570,836 shares of the business services provider's stock after selling 2,424,455 shares during the quarter. FMR LLC owned about 13.79% of Genpact worth $963,422,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of G. Advisors Asset Management Inc. raised its stake in Genpact by 3.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider's stock worth $270,000 after buying an additional 226 shares during the period. Lecap Asset Management Ltd. grew its stake in Genpact by 2.1% in the 3rd quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider's stock valued at $708,000 after buying an additional 364 shares in the last quarter. Suncoast Equity Management raised its stake in shares of Genpact by 3.1% during the 3rd quarter. Suncoast Equity Management now owns 12,600 shares of the business services provider's stock valued at $494,000 after purchasing an additional 375 shares during the period. Sawyer & Company Inc lifted its holdings in Genpact by 1.1% during the 3rd quarter. Sawyer & Company Inc now owns 36,243 shares of the business services provider's stock worth $1,421,000 after purchasing an additional 400 shares in the last quarter. Finally, United Services Automobile Association boosted its stake in Genpact by 3.3% in the 2nd quarter. United Services Automobile Association now owns 13,388 shares of the business services provider's stock worth $431,000 after purchasing an additional 433 shares during the period. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 9,000 shares of the company's stock in a transaction dated Monday, November 25th. The shares were sold at an average price of $46.40, for a total transaction of $417,600.00. Following the transaction, the chief executive officer now owns 267,404 shares in the company, valued at approximately $12,407,545.60. This represents a 3.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.80% of the company's stock.

Analyst Ratings Changes

G has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Genpact from $35.00 to $43.00 and gave the stock a "neutral" rating in a research report on Friday, September 6th. BMO Capital Markets raised their target price on shares of Genpact from $38.00 to $42.00 and gave the company a "market perform" rating in a research note on Monday, August 12th. Jefferies Financial Group boosted their price target on shares of Genpact from $35.00 to $40.00 and gave the stock a "hold" rating in a research note on Monday, September 9th. TD Cowen raised their price objective on shares of Genpact from $40.00 to $45.00 and gave the company a "hold" rating in a research report on Friday, November 8th. Finally, Needham & Company LLC upped their target price on shares of Genpact from $42.00 to $55.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Genpact has a consensus rating of "Hold" and an average price target of $42.33.

Genpact Trading Down 0.7 %

NYSE G traded down $0.33 during trading on Thursday, hitting $46.49. The company had a trading volume of 1,168,114 shares, compared to its average volume of 1,347,984. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact Limited has a one year low of $30.23 and a one year high of $47.98. The company's fifty day moving average is $40.86 and its 200-day moving average is $36.83. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 1.61 and a beta of 1.13.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a $0.1525 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.61 annualized dividend and a dividend yield of 1.31%. Genpact's payout ratio is currently 16.76%.

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.