Genpact Limited (NYSE:G) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its holdings in Genpact Limited (NYSE:G – Get Rating) by 28.8% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,513 shares of the business services provider’s stock after selling 10,718 shares during the quarter. Federated Hermes Inc.’s holdings in Genpact were worth $1,160,000 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. BlackRock Inc. lifted its holdings in Genpact by 4.7% in the third quarter. BlackRock Inc. now owns 15,874,699 shares of the business services provider’s stock valued at $694,834,000 after acquiring an additional 710,454 shares during the period. Victory Capital Management Inc. raised its stake in shares of Genpact by 4.2% during the 3rd quarter. Victory Capital Management Inc. now owns 8,625,647 shares of the business services provider’s stock worth $377,545,000 after buying an additional 347,909 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Genpact by 9.9% during the 2nd quarter. Brown Advisory Inc. now owns 5,681,850 shares of the business services provider’s stock worth $240,684,000 after buying an additional 511,179 shares during the last quarter. State Street Corp raised its stake in shares of Genpact by 3.7% during the 1st quarter. State Street Corp now owns 4,295,428 shares of the business services provider’s stock worth $186,894,000 after buying an additional 152,412 shares during the last quarter. Finally, Capital International Investors raised its stake in shares of Genpact by 101.8% during the 1st quarter. Capital International Investors now owns 3,963,229 shares of the business services provider’s stock worth $172,440,000 after buying an additional 1,999,617 shares during the last quarter. Institutional investors and hedge funds own 95.17% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on G. Needham & Company LLC reaffirmed a “buy” rating and set a $56.00 price target on shares of Genpact in a research note on Friday, February 10th. StockNews.com upgraded Genpact from a “buy” rating to a “strong-buy” rating in a research report on Friday. JPMorgan Chase & Co. cut Genpact from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $55.00 to $50.00 in a research report on Thursday, December 15th. BMO Capital Markets lifted their price objective on Genpact from $51.00 to $53.00 and gave the stock a “market perform” rating in a research report on Wednesday, February 8th. Finally, Citigroup lifted their price objective on Genpact from $52.00 to $54.00 and gave the stock a “buy” rating in a research report on Monday, February 13th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $52.50.

Genpact Stock Down 2.5 %

G opened at $44.75 on Monday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market capitalization of $8.23 billion, a price-to-earnings ratio of 23.80, a price-to-earnings-growth ratio of 1.86 and a beta of 1.21. The business has a 50-day moving average of $47.23 and a two-hundred day moving average of $46.11. Genpact Limited has a 12 month low of $37.68 and a 12 month high of $48.85.

Genpact (NYSE:G – Get Rating) last posted its quarterly earnings results on Thursday, February 9th. The business services provider reported $0.62 EPS for the quarter, beating the consensus estimate of $0.59 by $0.03. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Genpact had a return on equity of 25.63% and a net margin of 8.08%. On average, research analysts expect that Genpact Limited will post 2.56 earnings per share for the current year.

Genpact Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 24th. Stockholders of record on Friday, March 10th will be issued a dividend of $0.1375 per share. The ex-dividend date of this dividend is Thursday, March 9th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.23%. This is a boost from Genpact’s previous quarterly dividend of $0.13. Genpact’s payout ratio is presently 29.26%.

Insider Transactions at Genpact

In other news, CEO N. V. Tyagarajan sold 50,000 shares of the business’s stock in a transaction dated Tuesday, January 3rd. The stock was sold at an average price of $46.90, for a total transaction of $2,345,000.00. Following the completion of the sale, the chief executive officer now owns 644,377 shares in the company, valued at approximately $30,221,281.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, SVP Kathryn Vanpelt Stein sold 55,500 shares of the business’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $47.29, for a total transaction of $2,624,595.00. Following the transaction, the senior vice president now directly owns 66,206 shares of the company’s stock, valued at approximately $3,130,881.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO N. V. Tyagarajan sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 3rd. The stock was sold at an average price of $46.90, for a total value of $2,345,000.00. Following the transaction, the chief executive officer now directly owns 644,377 shares in the company, valued at $30,221,281.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 230,725 shares of company stock worth $10,824,307. 2.67% of the stock is currently owned by company insiders.

About Genpact

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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).