Genpact Limited (NYSE:G) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. trimmed its stake in shares of Genpact Limited (NYSE:G) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,926,853 shares of the business services provider’s stock after selling 105,670 shares during the period. Alliancebernstein L.P.’s holdings in Genpact were worth $125,708,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of G. SRH Advisors LLC acquired a new position in shares of Genpact in the 4th quarter valued at $26,000. Manchester Capital Management LLC purchased a new position in Genpact in the fourth quarter valued at $38,000. Smartleaf Asset Management LLC raised its position in shares of Genpact by 416.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider’s stock worth $41,000 after acquiring an additional 783 shares during the period. UMB Bank n.a. boosted its stake in shares of Genpact by 55.7% during 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 in the last quarter. Finally, J.Safra Asset Management Corp grew its position in shares of Genpact by 38.8% during the 4th quarter. J.Safra Asset Management Corp now owns 1,622 shares of the business services provider’s stock valued at $69,000 after acquiring an additional 453 shares during the period. 96.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Needham & Company LLC upped their price target on Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Mizuho upped their target price on Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and lifted their price target for the company from $44.00 to $55.00 in a research note on Tuesday, January 21st. Finally, TD Cowen upgraded shares of Genpact from a “hold” rating to a “buy” rating and upped their price objective for the stock from $45.00 to $60.00 in a research report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $48.44.

Insider Buying and Selling at Genpact

In other news, SVP Piyush Mehta sold 12,000 shares of Genpact stock in a transaction that occurred on Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction of $513,960.00. Following the sale, the senior vice president now owns 151,182 shares of the company’s stock, valued at approximately $6,475,125.06. The trade was a 7.35 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $48.89, for a total value of $664,904.00. Following the completion of the transaction, the chief executive officer now owns 310,246 shares of the company’s stock, valued at $15,167,926.94. The trade was a 4.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Genpact Trading Down 0.1 %

Shares of G opened at $50.53 on Thursday. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $56.76. The stock has a market cap of $8.88 billion, a PE ratio of 17.79, a price-to-earnings-growth ratio of 1.84 and a beta of 1.06. The firm’s fifty day moving average is $51.13 and its two-hundred day moving average is $45.31. The company has a quick ratio of 1.85, a current ratio of 2.16 and a debt-to-equity ratio of 0.50.

Genpact (NYSE:G) last announced its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) 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%. Research analysts forecast that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The business also recently disclosed 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. This is an increase from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date was Tuesday, March 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.35%. Genpact’s dividend payout ratio (DPR) is presently 23.94%.

Genpact 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.