Genpact Limited (NYSE:G) Position Trimmed by Wellington Management Group LLP

Wellington Management Group LLP decreased its position in shares of Genpact Limited (NYSE:G - Free Report) by 30.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 482,041 shares of the business services provider's stock after selling 207,692 shares during the period. Wellington Management Group LLP owned about 0.27% of Genpact worth $18,901,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in G. CWM LLC raised its position in shares of Genpact by 160.8% in the 2nd quarter. CWM LLC now owns 952 shares of the business services provider's stock valued at $31,000 after purchasing an additional 587 shares in the last quarter. Blue Trust Inc. boosted its stake in Genpact by 11,038.0% during the 2nd quarter. Blue Trust Inc. now owns 8,799 shares of the business services provider's stock valued at $290,000 after acquiring an additional 8,720 shares during the last quarter. Riverwater Partners LLC grew its holdings in Genpact by 6.0% during the 2nd quarter. Riverwater Partners LLC now owns 10,688 shares of the business services provider's stock worth $344,000 after acquiring an additional 603 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of Genpact by 329.6% in the 2nd quarter. Nisa Investment Advisors LLC now owns 10,525 shares of the business services provider's stock worth $339,000 after purchasing an additional 8,075 shares during the last quarter. Finally, Lecap Asset Management Ltd. acquired a new stake in shares of Genpact in the 2nd quarter valued at about $570,000. Institutional investors and hedge funds own 96.03% of the company's stock.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 9,000 shares of the firm's stock in a transaction on Monday, November 25th. The stock was sold at an average price of $46.40, for a total transaction of $417,600.00. Following the completion of the sale, the chief executive officer now directly owns 267,404 shares of the company's stock, valued at $12,407,545.60. This trade represents a 3.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.80% of the stock is owned by corporate insiders.

Genpact Price Performance

Genpact stock traded down $0.06 during trading hours on Friday, hitting $44.67. 913,785 shares of the company traded hands, compared to its average volume of 1,348,975. The firm's 50-day simple moving average is $42.38 and its two-hundred day simple moving average is $37.75. The firm has a market cap of $7.88 billion, a P/E ratio of 12.27, a P/E/G ratio of 1.56 and a beta of 1.18. Genpact Limited has a 1-year low of $30.23 and a 1-year high of $47.98. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a $0.1525 dividend. This represents a $0.61 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Monday, December 9th. Genpact's dividend payout ratio (DPR) is presently 16.76%.

Analysts Set New Price Targets

Several brokerages recently issued reports on G. Jefferies Financial Group raised their price objective on Genpact from $35.00 to $40.00 and gave the stock a "hold" rating in a research note on Monday, September 9th. Robert W. Baird lifted their price target on shares of Genpact from $44.00 to $48.00 and gave the company a "neutral" rating in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their price objective on shares of Genpact from $35.00 to $43.00 and gave the company a "neutral" rating in a research report on Friday, September 6th. Needham & Company LLC raised their target price on shares of Genpact from $42.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Finally, TD Cowen upped their target price on Genpact from $40.00 to $45.00 and gave the company a "hold" rating in a report on Friday, November 8th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $42.33.

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.