Genpact Limited (NYSE:G) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its holdings in Genpact Limited (NYSE:G) by 4.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 98,398 shares of the business services provider’s stock after selling 4,780 shares during the quarter. Mutual of America Capital Management LLC owned 0.05% of Genpact worth $3,242,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Parallel Advisors LLC raised its stake in shares of Genpact by 22.6% during the 4th quarter. Parallel Advisors LLC now owns 1,882 shares of the business services provider’s stock worth $65,000 after buying an additional 347 shares during the last quarter. Lindbrook Capital LLC raised its stake in shares of Genpact by 16.0% during the 4th quarter. Lindbrook Capital LLC now owns 3,020 shares of the business services provider’s stock worth $105,000 after buying an additional 416 shares during the last quarter. Johnson Financial Group Inc. raised its stake in shares of Genpact by 10.4% during the 4th quarter. Johnson Financial Group Inc. now owns 4,800 shares of the business services provider’s stock worth $167,000 after buying an additional 452 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in shares of Genpact by 106.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 914 shares of the business services provider’s stock worth $32,000 after buying an additional 471 shares during the last quarter. Finally, State of Michigan Retirement System raised its stake in shares of Genpact by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 40,584 shares of the business services provider’s stock worth $1,337,000 after buying an additional 500 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. StockNews.com cut Genpact from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price objective on shares of Genpact in a research report on Friday, May 10th. BMO Capital Markets dropped their price objective on Genpact from $39.00 to $38.00 and set a “market perform” rating for the company in a research report on Friday, May 10th. Wedbush reiterated a “neutral” rating and set a $35.00 price objective on shares of Genpact in a research report on Friday, May 10th. Finally, Citigroup dropped their price objective on Genpact from $36.00 to $33.00 and set a “neutral” rating for the company in a research report on Monday, April 22nd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $38.00.

Genpact Stock Up 2.7 %

G opened at $31.87 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.54 and a quick ratio of 1.54. The stock has a market capitalization of $5.74 billion, a price-to-earnings ratio of 9.11, a price-to-earnings-growth ratio of 1.45 and a beta of 1.11. The business has a 50-day moving average of $32.53 and a two-hundred day moving average of $33.41. Genpact Limited has a 12 month low of $29.41 and a 12 month high of $39.58.

Genpact (NYSE:G) last posted its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.62 by $0.06. The company had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Genpact had a return on equity of 22.71% and a net margin of 14.21%. On average, research analysts expect that Genpact Limited will post 2.7 earnings per share for the current year.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, June 26th. Stockholders of record on Monday, June 10th were issued a dividend of $0.153 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.92%. The ex-dividend date of this dividend was Monday, June 10th. Genpact’s payout ratio is currently 17.43%.

Insider Transactions at Genpact

In other news, Director N. V. Tyagarajan sold 1,000 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $33.17, for a total transaction of $33,170.00. Following the completion of the sale, the director now owns 7,300 shares in the company, valued at approximately $242,141. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 2.80% of the company’s stock.

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.