US Bancorp DE Sells 1,741 Shares of Genpact Limited (NYSE:G)

US Bancorp DE lessened its holdings in Genpact Limited (NYSE:G – Get Rating) by 4.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,164 shares of the business services provider’s stock after selling 1,741 shares during the quarter. US Bancorp DE’s holdings in Genpact were worth $1,801,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in G. Financial Gravity Asset Management Inc. bought a new position in Genpact during the 2nd quarter worth approximately $4,590,000. Brown Brothers Harriman & Co. raised its holdings in Genpact by 25.9% during the 2nd quarter. Brown Brothers Harriman & Co. now owns 1,021 shares of the business services provider’s stock worth $43,000 after purchasing an additional 210 shares during the last quarter. CWM LLC raised its holdings in Genpact by 22.2% during the 2nd quarter. CWM LLC now owns 1,255 shares of the business services provider’s stock worth $53,000 after purchasing an additional 228 shares during the last quarter. Castleview Partners LLC bought a new position in Genpact during the 2nd quarter worth approximately $70,000. Finally, EverSource Wealth Advisors LLC raised its holdings in Genpact by 1,456.0% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,583 shares of the business services provider’s stock worth $109,000 after purchasing an additional 2,417 shares during the last quarter. Institutional investors own 95.17% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on G. JPMorgan Chase & Co. downgraded shares of Genpact from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $55.00 to $50.00 in a research report on Thursday, December 15th. BMO Capital Markets reduced their price objective on shares of Genpact from $57.00 to $51.00 and set a “market perform” rating for the company in a research report on Thursday, November 10th. Robert W. Baird reduced their price objective on shares of Genpact from $56.00 to $54.00 in a research report on Thursday, November 10th. Citigroup reduced their price objective on shares of Genpact from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, November 10th. Finally, StockNews.com downgraded shares of Genpact from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 14th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $51.43.

Insiders Place Their Bets

In other Genpact news, SVP Darren Saumur sold 45,000 shares of Genpact stock in a transaction on Thursday, December 8th. The shares were sold at an average price of $45.09, for a total transaction of $2,029,050.00. Following the transaction, the senior vice president now directly owns 95,684 shares of the company’s stock, valued at approximately $4,314,391.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP Darren Saumur sold 45,000 shares of the business’s stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $45.09, for a total value of $2,029,050.00. Following the transaction, the senior vice president now directly owns 95,684 shares of the company’s stock, valued at approximately $4,314,391.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Heather White sold 5,225 shares of the business’s stock in a transaction dated Wednesday, January 11th. The stock was sold at an average price of $46.72, for a total transaction of $244,112.00. Following the completion of the transaction, the senior vice president now directly owns 20,933 shares in the company, valued at $977,989.76. The disclosure for this sale can be found here. Insiders have sold 312,928 shares of company stock valued at $14,455,797 in the last three months. 2.67% of the stock is currently owned by insiders.

Genpact Price Performance

Shares of NYSE:G opened at $47.72 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 1.08 and a debt-to-equity ratio of 0.43. The stock has a market cap of $8.75 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 1.50 and a beta of 1.24. The stock’s fifty day simple moving average is $45.48 and its two-hundred day simple moving average is $45.79. Genpact Limited has a 1-year low of $37.68 and a 1-year high of $51.97.

Genpact (NYSE:G – Get Rating) last posted its quarterly earnings data on Wednesday, November 9th. The business services provider reported $0.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.07. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.08 billion. Genpact had a net margin of 7.76% and a return on equity of 23.73%. As a group, analysts forecast that Genpact Limited will post 2.42 EPS for the current fiscal year.

Genpact Company Profile

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Genpact Ltd. engages in the business process management, outsourcing, shared services and information outsourcing. The company operates through the following segments: Banking, Capital Markets and Insurance (BCMI), Consumer Goods, Retail, Life Sciences, and Healthcare (CGRLH) and High Tech, Manufacturing, and Services (HMS).