UMB Bank n.a. Buys 801 Shares of Genpact Limited (NYSE:G)

UMB Bank n.a. increased its stake in shares of Genpact Limited (NYSE:G) by 66.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,011 shares of the business services provider’s stock after acquiring an additional 801 shares during the quarter. UMB Bank n.a.’s holdings in Genpact were worth $101,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Coppell Advisory Solutions LLC boosted its stake in Genpact by 529.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider’s stock worth $25,000 after buying an additional 503 shares in the last quarter. Atlas Capital Advisors Inc. boosted its stake in Genpact by 55.8% during the fourth quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider’s stock worth $26,000 after buying an additional 216 shares in the last quarter. Manchester Capital Management LLC acquired a new stake in Genpact during the fourth quarter worth $38,000. GeoWealth Management LLC boosted its stake in Genpact by 199.0% during the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider’s stock worth $38,000 after buying an additional 583 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Genpact by 416.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider’s stock worth $41,000 after buying an additional 783 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Insider Buying and Selling

In other Genpact news, Director Nicholas C. Gangestad acquired 2,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average cost of $43.97 per share, for a total transaction of $87,940.00. Following the completion of the acquisition, the director now directly owns 2,000 shares of the company’s stock, valued at approximately $87,940. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.07% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Needham & Company LLC decreased their price target on shares of Genpact from $55.00 to $50.00 and set a “buy” rating on the stock in a research note on Thursday, May 8th. Wall Street Zen upgraded shares of Genpact from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 6th. Finally, Robert W. Baird reduced their target price on shares of Genpact from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $50.71.

Genpact Stock Down 0.5%

Shares of NYSE:G opened at $43.62 on Friday. Genpact Limited has a 52 week low of $30.38 and a 52 week high of $56.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. The company’s fifty day moving average is $45.60 and its 200-day moving average is $47.15. The company has a market capitalization of $7.63 billion, a PE ratio of 15.36, a P/E/G ratio of 1.84 and a beta of 0.94.

Genpact (NYSE:G) last issued its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.04. The business had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. Genpact had a net margin of 10.77% and a return on equity of 22.50%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.73 EPS. Equities research analysts predict that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.68 annualized dividend and a yield of 1.56%. Genpact’s dividend payout ratio (DPR) is 23.21%.

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.