Amalgamated Bank Sells 3,471 Shares of Genpact Limited (NYSE:G)

Amalgamated Bank reduced its stake in shares of Genpact Limited (NYSE:G) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 107,323 shares of the business services provider’s stock after selling 3,471 shares during the quarter. Amalgamated Bank’s holdings in Genpact were worth $3,725,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in G. GAMMA Investing LLC purchased a new stake in Genpact in the 4th quarter valued at about $43,000. Covestor Ltd lifted its position in shares of Genpact by 140.2% in the 3rd quarter. Covestor Ltd now owns 1,549 shares of the business services provider’s stock worth $56,000 after purchasing an additional 904 shares during the period. Buck Wealth Strategies LLC increased its holdings in Genpact by 438.3% during the third quarter. Buck Wealth Strategies LLC now owns 1,825 shares of the business services provider’s stock valued at $66,000 after buying an additional 1,486 shares during the period. Lindbrook Capital LLC raised its stake in Genpact by 16.0% in the fourth quarter. Lindbrook Capital LLC now owns 3,020 shares of the business services provider’s stock worth $105,000 after buying an additional 416 shares in the last quarter. Finally, Flynn Zito Capital Management LLC purchased a new stake in Genpact during the fourth quarter worth $206,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on G shares. StockNews.com downgraded Genpact from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Citigroup reduced their target price on shares of Genpact from $36.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Needham & Company LLC restated a “buy” rating and issued a $40.00 price target on shares of Genpact in a report on Friday, February 9th. Mizuho assumed coverage on shares of Genpact in a research note on Tuesday, January 30th. They set a “neutral” rating and a $40.00 price objective for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of Genpact from $42.00 to $43.00 and gave the stock an “underweight” rating in a report on Friday, February 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $39.78.

Genpact Stock Down 1.1 %

Genpact stock opened at $32.04 on Friday. Genpact Limited has a fifty-two week low of $29.41 and a fifty-two week high of $39.95. The company has a market cap of $5.78 billion, a PE ratio of 9.34, a PEG ratio of 1.47 and a beta of 1.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.44 and a current ratio of 1.44. The business’s 50-day simple moving average is $32.34 and its two-hundred day simple moving average is $33.84.

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

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Monday, June 10th will be issued a dividend of $0.153 per share. The ex-dividend date is Monday, June 10th. This represents a $0.61 annualized dividend and a dividend yield of 1.91%. 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.