DekaBank Deutsche Girozentrale Lowers Holdings in Genpact Limited (NYSE:G)

DekaBank Deutsche Girozentrale lowered its holdings in shares of Genpact Limited (NYSE:G) by 94.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,800 shares of the business services provider’s stock after selling 76,890 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Genpact were worth $164,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in G. New York State Teachers Retirement System lifted its stake in Genpact by 10.2% in the 4th quarter. New York State Teachers Retirement System now owns 173,701 shares of the business services provider’s stock worth $6,029,000 after purchasing an additional 16,080 shares in the last quarter. Ballentine Partners LLC lifted its position in shares of Genpact by 26.9% in the fourth quarter. Ballentine Partners LLC now owns 9,116 shares of the business services provider’s stock worth $316,000 after buying an additional 1,932 shares in the last quarter. DAVENPORT & Co LLC boosted its stake in Genpact by 328.8% during the fourth quarter. DAVENPORT & Co LLC now owns 133,239 shares of the business services provider’s stock valued at $4,621,000 after buying an additional 102,169 shares during the last quarter. Oak Thistle LLC purchased a new position in Genpact during the 4th quarter valued at approximately $1,651,000. Finally, JLB & Associates Inc. increased its stake in Genpact by 4.4% in the 4th quarter. JLB & Associates Inc. now owns 51,674 shares of the business services provider’s stock worth $1,794,000 after acquiring an additional 2,168 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Insider Buying and Selling at Genpact

In related news, SVP Heather White sold 11,450 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $36.00, for a total transaction of $412,200.00. Following the completion of the transaction, the senior vice president now owns 21,175 shares in the company, valued at approximately $762,300. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.80% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research firms have recently commented on G. Citigroup increased their target price on Genpact from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Wednesday, January 17th. Mizuho started coverage on shares of Genpact in a research note on Tuesday, January 30th. They issued a “neutral” rating and a $40.00 price objective for the company. Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price target on shares of Genpact in a report on Friday, February 9th. JPMorgan Chase & Co. boosted their price objective on Genpact from $42.00 to $43.00 and gave the stock an “underweight” rating in a research note on Friday, February 9th. Finally, StockNews.com lowered Genpact from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 5th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $40.11.

Genpact Stock Down 0.1 %

Shares of Genpact stock opened at $30.63 on Wednesday. The firm’s 50-day moving average is $33.86 and its two-hundred day moving average is $34.40. Genpact Limited has a 1 year low of $29.41 and a 1 year high of $45.50. The stock has a market cap of $5.52 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 1.47 and a beta of 1.07. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 1.44.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.68 EPS for the quarter, topping analysts’ consensus estimates of $0.65 by $0.03. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. Genpact had a net margin of 14.10% and a return on equity of 23.19%. As a group, research analysts expect that Genpact Limited will post 2.7 earnings per share for the current fiscal year.

Genpact Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were given a dividend of $0.153 per share. The ex-dividend date of this dividend was Friday, March 8th. This represents a $0.61 dividend on an annualized basis and a yield of 2.00%. This is an increase from Genpact’s previous quarterly dividend of $0.14. Genpact’s dividend payout ratio (DPR) is presently 17.78%.

Genpact Company 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.