National Bank of Canada FI Sells 48,104 Shares of Genpact Limited (NYSE:G)

National Bank of Canada FI decreased its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 55.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 39,037 shares of the business services provider's stock after selling 48,104 shares during the period. National Bank of Canada FI's holdings in Genpact were worth $1,677,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in G. Vanguard Group Inc. grew its stake in Genpact by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 16,962,496 shares of the business services provider's stock worth $728,539,000 after acquiring an additional 61,376 shares during the period. Victory Capital Management Inc. grew its stake in Genpact by 18.1% during the 4th quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider's stock valued at $423,205,000 after purchasing an additional 1,511,790 shares in the last quarter. Franklin Resources Inc. boosted its stake in Genpact by 1.3% during the 4th quarter. Franklin Resources Inc. now owns 4,203,956 shares of the business services provider's stock valued at $180,560,000 after acquiring an additional 55,771 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Genpact by 12.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider's stock worth $148,142,000 after purchasing an additional 413,646 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its position in shares of Genpact by 8.7% during the fourth quarter. JPMorgan Chase & Co. now owns 3,400,636 shares of the business services provider's stock worth $146,057,000 after purchasing an additional 271,295 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company's stock.

Analysts Set New Price Targets

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

Insider Buying and Selling at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $48.89, for a total value of $664,904.00. Following the completion of the transaction, the chief executive officer now directly owns 310,246 shares in the company, valued at approximately $15,167,926.94. This trade represents a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.80% of the company's stock.

Genpact Stock Performance

NYSE:G traded up $0.42 during mid-day trading on Monday, hitting $47.72. The stock had a trading volume of 62,835 shares, compared to its average volume of 1,348,632. The company's 50 day simple moving average is $51.00 and its 200 day simple moving average is $45.83. The stock has a market cap of $8.38 billion, a price-to-earnings ratio of 16.80, a PEG ratio of 1.84 and a beta of 1.06. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. 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 released its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing analysts' consensus estimates of $0.86 by ($0.04). Genpact had a return on equity of 22.50% and a net margin of 10.77%. On average, equities research analysts forecast that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.43%. This is an increase from Genpact's previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, March 11th. Genpact's payout ratio is presently 23.94%.

About Genpact

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.