Amalgamated Bank Sells 26,900 Shares of Genpact Limited (NYSE:G)

Amalgamated Bank decreased its stake in Genpact Limited (NYSE:G - Free Report) by 25.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,794 shares of the business services provider's stock after selling 26,900 shares during the period. Amalgamated Bank's holdings in Genpact were worth $3,090,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. QRG Capital Management Inc. raised its stake in Genpact by 16.9% during the 3rd quarter. QRG Capital Management Inc. now owns 79,893 shares of the business services provider's stock valued at $3,133,000 after acquiring an additional 11,550 shares in the last quarter. Stephens Inc. AR bought a new stake in Genpact during the 3rd quarter valued at $511,000. State of Alaska Department of Revenue raised its stake in Genpact by 0.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 336,682 shares of the business services provider's stock valued at $13,200,000 after acquiring an additional 1,015 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new stake in Genpact during the 3rd quarter valued at $250,000. Finally, Highland Capital Management LLC bought a new stake in Genpact during the 3rd quarter valued at $213,000. Institutional investors own 96.03% of the company's stock.

Analyst Upgrades and Downgrades

G has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on Genpact from $35.00 to $43.00 and gave the stock a "neutral" rating in a research note on Friday, September 6th. TD Cowen lifted their target price on Genpact from $40.00 to $45.00 and gave the stock a "hold" rating in a report on Friday. Needham & Company LLC lifted their target price on Genpact from $42.00 to $55.00 and gave the stock a "buy" rating in a report on Monday. Jefferies Financial Group lifted their target price on Genpact from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Monday, September 9th. Finally, Robert W. Baird lifted their target price on Genpact from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Genpact has a consensus rating of "Hold" and an average target price of $42.33.

Genpact Stock Up 1.6 %

Shares of NYSE:G traded up $0.72 on Monday, reaching $46.66. The company had a trading volume of 1,418,006 shares, compared to its average volume of 1,328,310. Genpact Limited has a twelve month low of $30.23 and a twelve month high of $47.98. The stock has a 50-day moving average price of $39.18 and a 200 day moving average price of $35.68. The stock has a market capitalization of $8.31 billion, a P/E ratio of 12.82, a P/E/G ratio of 1.92 and a beta of 1.13. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 0.52.

Genpact (NYSE:G - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.64 by $0.05. Genpact had a return on equity of 22.09% and a net margin of 14.22%. The business had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.15 billion. On average, equities analysts expect that Genpact Limited will post 2.85 EPS for the current year.

Genpact Announces Dividend

The company 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 dividend of $0.1525 per share. The ex-dividend date is Monday, December 9th. This represents a $0.61 annualized dividend and a yield of 1.31%. Genpact's dividend payout ratio is 16.76%.

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.