C WorldWide Group Holding A S Reduces Stock Position in Genpact Limited (NYSE:G)

C WorldWide Group Holding A S lowered its holdings in shares of Genpact Limited (NYSE:G) by 13.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 54,738 shares of the business services provider’s stock after selling 8,604 shares during the quarter. C WorldWide Group Holding A S’s holdings in Genpact were worth $1,900,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of G. Russell Investments Group Ltd. raised its position in Genpact by 12.5% during the 4th quarter. Russell Investments Group Ltd. now owns 218,346 shares of the business services provider’s stock valued at $7,579,000 after purchasing an additional 24,259 shares in the last quarter. Truist Financial Corp raised its position in Genpact by 162.9% during the 4th quarter. Truist Financial Corp now owns 921,160 shares of the business services provider’s stock valued at $31,973,000 after purchasing an additional 570,760 shares in the last quarter. Semanteon Capital Management LP bought a new stake in Genpact during the 4th quarter valued at $1,192,000. GAMMA Investing LLC bought a new stake in Genpact during the 4th quarter valued at $43,000. Finally, Marks Group Wealth Management Inc raised its position in Genpact by 3.7% during the 4th quarter. Marks Group Wealth Management Inc now owns 154,683 shares of the business services provider’s stock valued at $5,369,000 after purchasing an additional 5,545 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Stock Up 0.7 %

NYSE:G traded up $0.21 during mid-day trading on Friday, hitting $30.90. 1,665,674 shares of the company’s stock traded hands, compared to its average volume of 1,545,637. The company has a fifty day moving average of $33.07 and a 200 day moving average of $34.12. Genpact Limited has a twelve month low of $29.41 and a twelve month high of $44.63. The company has a market capitalization of $5.57 billion, a P/E ratio of 9.01, a P/E/G ratio of 1.44 and a beta of 1.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.44 and a current ratio of 1.44.

Genpact (NYSE:G) last announced its earnings results on Thursday, February 8th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.65 by $0.03. Genpact had a return on equity of 23.19% and a net margin of 14.10%. The company had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.12 billion. On average, analysts forecast that Genpact Limited will post 2.7 EPS for the current year.

Genpact Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were given a dividend of $0.153 per share. This is a positive change from Genpact’s previous quarterly dividend of $0.14. This represents a $0.61 annualized dividend and a yield of 1.98%. The ex-dividend date was Friday, March 8th. Genpact’s dividend payout ratio is currently 17.78%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on G shares. Mizuho started coverage on Genpact in a research report on Tuesday, January 30th. They set a “neutral” rating and a $40.00 target price for the company. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of Genpact in a research report on Friday, February 9th. StockNews.com lowered Genpact from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. Citigroup reduced their price target on Genpact from $36.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. Finally, JPMorgan Chase & Co. boosted their price target on Genpact from $42.00 to $43.00 and gave the stock an “underweight” rating in a research report on Friday, February 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Genpact currently has an average rating of “Hold” and a consensus target price of $39.78.

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.