Nordea Investment Management AB Trims Stock Holdings in Genpact Limited (NYSE:G)

Nordea Investment Management AB lowered its position in shares of Genpact Limited (NYSE:G - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,695,336 shares of the business services provider's stock after selling 117,779 shares during the period. Nordea Investment Management AB owned 0.96% of Genpact worth $72,577,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its holdings in shares of Genpact by 74.6% during the third quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider's stock worth $103,000 after purchasing an additional 1,121 shares during the period. GAMMA Investing LLC increased its stake in Genpact by 221.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider's stock worth $131,000 after acquiring an additional 2,293 shares during the period. Versant Capital Management Inc raised its holdings in Genpact by 17.0% in the 4th quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider's stock valued at $136,000 after acquiring an additional 461 shares in the last quarter. Centaurus Financial Inc. bought a new stake in shares of Genpact during the 3rd quarter valued at $159,000. Finally, M&T Bank Corp acquired a new stake in shares of Genpact during the 3rd quarter worth $206,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Stock Up 1.4 %

G traded up $0.59 during midday trading on Wednesday, hitting $43.47. The company had a trading volume of 956,319 shares, compared to its average volume of 1,096,284. The stock's 50 day moving average price is $43.79 and its 200 day moving average price is $39.09. Genpact Limited has a 52 week low of $30.23 and a 52 week high of $47.98. The company has a market capitalization of $7.67 billion, a price-to-earnings ratio of 11.94, a PEG ratio of 1.54 and a beta of 1.18. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.1525 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Monday, December 9th. Genpact's dividend payout ratio is currently 16.76%.

Insider Activity at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of the company's stock in a transaction on Friday, December 13th. The shares were sold at an average price of $44.60, for a total value of $606,560.00. Following the completion of the sale, the chief executive officer now owns 267,404 shares in the company, valued at $11,926,218.40. This represents a 4.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In the last 90 days, insiders sold 23,058 shares of company stock valued at $1,044,715. 2.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on G shares. Robert W. Baird boosted their price objective on shares of Genpact from $44.00 to $48.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. Needham & Company LLC boosted their price target on Genpact from $42.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, TD Cowen raised their price objective on Genpact from $40.00 to $45.00 and gave the company a "hold" rating in a research note on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target 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.