Genpact Limited (NYSE:G) Stock Position Decreased by Brown Advisory Inc.

Brown Advisory Inc. cut its stake in shares of Genpact Limited (NYSE:G) by 17.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,002 shares of the business services provider’s stock after selling 2,735 shares during the quarter. Brown Advisory Inc.’s holdings in Genpact were worth $655,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of G. Proficio Capital Partners LLC acquired a new stake in shares of Genpact in the fourth quarter worth $983,000. Raymond James Financial Inc. acquired a new stake in shares of Genpact in the fourth quarter worth $5,552,000. PNC Financial Services Group Inc. boosted its position in shares of Genpact by 4.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 14,468 shares of the business services provider’s stock worth $621,000 after buying an additional 550 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Genpact in the fourth quarter worth $1,847,000. Finally, HighTower Advisors LLC boosted its position in shares of Genpact by 112.2% in the fourth quarter. HighTower Advisors LLC now owns 12,573 shares of the business services provider’s stock worth $540,000 after buying an additional 6,647 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insider Activity at Genpact

In other Genpact news, Director Nicholas C. Gangestad acquired 2,000 shares of the company’s stock in a transaction dated 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 purchase, the director owned 2,000 shares of the company’s stock, valued at approximately $87,940. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.80% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Mizuho increased their price objective on Genpact from $48.00 to $51.00 and gave the stock a “neutral” rating in a report on Tuesday, July 1st. Robert W. Baird cut their price objective on Genpact from $56.00 to $50.00 and set a “neutral” rating for the company in a report on Thursday, May 8th. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price objective on shares of Genpact in a report on Monday, June 30th. Finally, Wall Street Zen upgraded Genpact from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $50.14.

Genpact Price Performance

NYSE G opened at $44.90 on Tuesday. Genpact Limited has a fifty-two week low of $32.18 and a fifty-two week high of $56.76. The stock’s 50-day moving average is $43.93 and its two-hundred day moving average is $47.09. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 2.45. The firm has a market cap of $7.85 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 1.93 and a beta of 0.94.

Genpact (NYSE:G) last posted its earnings results on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.04. Genpact had a return on equity of 22.35% and a net margin of 10.88%. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same period last year, the company earned $0.73 earnings per share. The business’s revenue was up 7.4% compared to the same quarter last year. On average, analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be paid a $0.17 dividend. The ex-dividend date is Thursday, September 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.51%. Genpact’s payout ratio is presently 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.