Centiva Capital LP Sells 14,509 Shares of Genpact Limited (NYSE:G)

Centiva Capital LP cut its stake in Genpact Limited (NYSE:G - Free Report) by 39.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 22,344 shares of the business services provider's stock after selling 14,509 shares during the period. Centiva Capital LP's holdings in Genpact were worth $876,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of G. Advisors Asset Management Inc. increased its stake in shares of Genpact by 3.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider's stock worth $270,000 after acquiring an additional 226 shares in the last quarter. Lecap Asset Management Ltd. grew its holdings in Genpact by 2.1% in the third quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider's stock worth $708,000 after purchasing an additional 364 shares during the period. Suncoast Equity Management increased its stake in shares of Genpact by 3.1% during the third 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 in the last quarter. Sawyer & Company Inc lifted its holdings in shares of Genpact by 1.1% during the third quarter. Sawyer & Company Inc now owns 36,243 shares of the business services provider's stock valued at $1,421,000 after purchasing an additional 400 shares during the last quarter. Finally, United Services Automobile Association grew its stake in shares of 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 buying an additional 433 shares during the last quarter. 96.03% of the stock is owned by institutional investors.

Genpact Stock Performance

Genpact stock traded down $0.10 during mid-day trading on Friday, reaching $45.16. 1,160,807 shares of the stock traded hands, compared to its average volume of 1,346,338. Genpact Limited has a 12-month low of $30.23 and a 12-month high of $47.98. The business's 50-day moving average is $41.71 and its 200-day moving average is $37.30. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market capitalization of $7.96 billion, a PE ratio of 12.43, a price-to-earnings-growth ratio of 1.58 and a beta of 1.18.

Genpact Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a dividend yield of 1.35%. The ex-dividend date is Monday, December 9th. Genpact's dividend payout ratio is presently 16.76%.

Insider Activity at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 9,000 shares of the stock in a transaction on Monday, November 25th. The stock was sold at an average price of $46.40, for a total value of $417,600.00. Following the completion of the sale, 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.