Genpact Limited (NYSE:G) Shares Sold by Fmr LLC

FMR LLC lessened its position in Genpact Limited (NYSE:G - Free Report) by 18.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 20,114,104 shares of the business services provider's stock after selling 4,456,732 shares during the quarter. FMR LLC owned 11.41% of Genpact worth $863,901,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. SRH Advisors LLC bought a new position in Genpact in the 4th quarter valued at $26,000. Atlas Capital Advisors Inc. boosted its stake in shares of Genpact by 55.8% during the fourth quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider's stock valued at $26,000 after purchasing an additional 216 shares during the period. Manchester Capital Management LLC bought a new position in shares of Genpact in the fourth quarter worth about $38,000. Smartleaf Asset Management LLC grew its stake in Genpact by 416.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider's stock worth $41,000 after acquiring an additional 783 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings 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 purchasing an additional 433 shares during the period. 96.03% of the stock is owned by hedge funds and other institutional investors.

Genpact Stock Performance

NYSE G traded up $0.60 during trading hours on Friday, reaching $47.31. The stock had a trading volume of 1,090,083 shares, compared to its average volume of 1,353,635. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $56.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. The stock has a market cap of $8.31 billion, a P/E ratio of 16.66, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. The stock has a fifty day moving average of $51.00 and a 200 day moving average of $45.83.

Genpact (NYSE:G - Get Free Report) last issued its earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share (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%. Sell-side analysts predict that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were issued a dividend of $0.17 per share. The ex-dividend date was Tuesday, March 11th. This is an increase from Genpact's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.44%. Genpact's dividend payout ratio is 23.94%.

Analyst Ratings Changes

G has been the subject of several research reports. Jefferies Financial Group upgraded Genpact from a "hold" rating to a "buy" rating and upped their target price for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Needham & Company LLC upped their price target on Genpact from $55.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, February 7th. Mizuho boosted their price target on Genpact from $45.00 to $55.00 and gave the stock a "neutral" rating in a research note on Monday, February 10th. Finally, TD Cowen raised shares of Genpact from a "hold" rating to a "buy" rating and increased their price objective for the company from $45.00 to $60.00 in a research report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $48.44.

Insider Activity at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $48.89, for a total transaction of $664,904.00. Following the transaction, the chief executive officer now owns 310,246 shares in the company, valued at $15,167,926.94. This trade represents a 4.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 2.80% of the stock is owned by company insiders.

Genpact Company 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.