Pacer Advisors Inc. Reduces Stock Position in Genpact Limited (NYSE:G)

Pacer Advisors Inc. reduced its holdings in Genpact Limited (NYSE:G) by 24.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 38,215 shares of the business services provider’s stock after selling 12,553 shares during the period. Pacer Advisors Inc.’s holdings in Genpact were worth $1,641,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. UMB Bank n.a. lifted its holdings in shares of Genpact by 55.7% in the 4th quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock worth $52,000 after acquiring an additional 433 shares during the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of Genpact by 74.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after acquiring an additional 1,121 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Genpact by 221.3% in 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 last quarter. Versant Capital Management Inc lifted its holdings in shares of Genpact by 17.0% in the 4th quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider’s stock worth $136,000 after acquiring an additional 461 shares during the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Genpact by 22.4% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 3,378 shares of the business services provider’s stock worth $145,000 after acquiring an additional 619 shares during the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on G. Jefferies Financial Group upgraded shares of Genpact from a “hold” rating to a “buy” rating and raised their target price for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Robert W. Baird lifted their price objective on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Needham & Company LLC lifted their price objective on shares of Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, TD Cowen lifted their price objective on shares of Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 8th. Six research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Genpact presently has a consensus rating of “Hold” and a consensus target price of $44.50.

Insider Transactions at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction that occurred 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 transaction, the chief executive officer now owns 267,404 shares of the company’s stock, valued at $11,926,218.40. The trade was a 4.84 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Piyush Mehta sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $42.83, for a total transaction of $513,960.00. Following the sale, the senior vice president now directly owns 151,182 shares in the company, valued at approximately $6,475,125.06. This represents a 7.35 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 35,058 shares of company stock valued at $1,558,675 in the last 90 days. Insiders own 2.80% of the company’s stock.

Genpact Trading Up 0.4 %

NYSE:G opened at $48.63 on Friday. Genpact Limited has a one year low of $30.23 and a one year high of $48.74. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. The firm has a market cap of $8.58 billion, a P/E ratio of 13.36, a P/E/G ratio of 1.57 and a beta of 1.18. The firm has a 50-day simple moving average of $44.71 and a 200-day simple moving average of $40.77.

Genpact (NYSE:G) last posted its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.75 EPS for the quarter, beating the consensus estimate of $0.71 by $0.04. Genpact had a net margin of 14.22% and a return on equity of 21.85%. The business had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the previous year, the business posted $0.67 EPS. Equities analysts anticipate that Genpact Limited will post 2.94 EPS for the current fiscal year.

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.