Farther Finance Advisors LLC Sells 5,120 Shares of Genpact Limited (NYSE:G)

Farther Finance Advisors LLC reduced its position in shares of Genpact Limited (NYSE:G) by 39.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,910 shares of the business services provider’s stock after selling 5,120 shares during the quarter. Farther Finance Advisors LLC’s holdings in Genpact were worth $400,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in G. Coppell Advisory Solutions LLC grew its stake in shares of Genpact by 529.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 503 shares during the period. Atlas Capital Advisors Inc. lifted its holdings in Genpact by 55.8% in the 4th quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider’s stock worth $26,000 after purchasing an additional 216 shares in the last quarter. GeoWealth Management LLC lifted its holdings in Genpact by 199.0% in the 4th quarter. GeoWealth Management LLC now owns 876 shares of the business services provider’s stock worth $38,000 after purchasing an additional 583 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Genpact by 416.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider’s stock worth $41,000 after purchasing an additional 783 shares in the last quarter. Finally, J.Safra Asset Management Corp lifted its holdings in Genpact by 38.8% in the 4th quarter. J.Safra Asset Management Corp now owns 1,622 shares of the business services provider’s stock worth $69,000 after purchasing an additional 453 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors.

Genpact Trading Up 2.6%

Genpact stock opened at $44.03 on Tuesday. The stock has a 50-day moving average of $45.54 and a two-hundred day moving average of $47.12. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. Genpact Limited has a one year low of $30.38 and a one year high of $56.76. The stock has a market cap of $7.70 billion, a PE ratio of 15.50, a price-to-earnings-growth ratio of 1.84 and a beta of 0.94.

Genpact (NYSE:G) last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.04. Genpact had a return on equity of 22.50% and a net margin of 10.77%. The company had revenue of $1.21 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same period last year, the business posted $0.73 earnings per share. The firm’s revenue was up 7.4% compared to the same quarter last year. On average, research analysts anticipate that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Dividend Announcement

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. This represents a $0.68 annualized dividend and a yield of 1.54%. The ex-dividend date is Wednesday, June 18th. Genpact’s dividend payout ratio is currently 23.21%.

Analysts Set New Price Targets

Several analysts have recently issued reports on G shares. Needham & Company LLC decreased their price objective on Genpact from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Thursday, May 8th. Robert W. Baird decreased their price objective on Genpact from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Finally, Wall Street Zen raised Genpact from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $50.71.

Insider Activity at Genpact

In other Genpact news, Director Nicholas C. Gangestad acquired 2,000 shares of the company’s stock in a transaction on Tuesday, May 13th. The shares were bought at an average cost of $43.97 per share, with a total value of $87,940.00. Following the completion of the acquisition, the director now owns 2,000 shares in the company, valued at approximately $87,940. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 3.07% of the stock is owned by company insiders.

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.