Prudential Financial Inc. Has $1.16 Million Holdings in Genpact Limited (NYSE:G)

Prudential Financial Inc. lessened its stake in Genpact Limited (NYSE:G - Free Report) by 37.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 25,827 shares of the business services provider's stock after selling 15,192 shares during the quarter. Prudential Financial Inc.'s holdings in Genpact were worth $1,157,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. grew its stake in shares of Genpact by 192.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider's stock valued at $122,701,000 after buying an additional 2,060,595 shares in the last quarter. Tandem Investment Advisors Inc. grew its position in Genpact by 390.5% in the fourth quarter. Tandem Investment Advisors Inc. now owns 2,129,915 shares of the business services provider's stock worth $91,480,000 after acquiring an additional 1,695,706 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of 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 worth $423,205,000 after purchasing an additional 1,511,790 shares during the last quarter. Geode Capital Management LLC raised its holdings in shares of Genpact by 12.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider's stock valued at $148,142,000 after purchasing an additional 413,646 shares in the last quarter. Finally, Swiss National Bank bought a new position in shares of Genpact during the 4th quarter valued at $14,298,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Analyst Upgrades and Downgrades

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

Insider Activity at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $48.89, for a total transaction of $664,904.00. Following the sale, the chief executive officer now owns 310,246 shares in the company, valued at $15,167,926.94. The trade was a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.80% of the company's stock.

Genpact Stock Performance

NYSE:G traded up $0.60 during mid-day trading on Friday, hitting $47.31. 1,090,083 shares of the company's stock traded hands, compared to its average volume of 1,352,211. The firm has a market capitalization of $8.31 billion, a price-to-earnings ratio of 16.66, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. The firm has a 50 day moving average of $51.00 and a two-hundred day moving average of $45.78. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $56.76.

Genpact (NYSE:G - Get Free Report) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.82 earnings per share for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.50%. On average, equities analysts forecast that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were given a dividend of $0.17 per share. The ex-dividend date of this dividend 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 (DPR) is 23.94%.

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.