Genpact Limited (NYSE:G) Shares Sold by Blair William & Co. IL

Blair William & Co. IL lowered its stake in shares of Genpact Limited (NYSE:G) by 29.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,738 shares of the business services provider’s stock after selling 2,355 shares during the quarter. Blair William & Co. IL’s holdings in Genpact were worth $289,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Coppell Advisory Solutions LLC lifted its stake in shares of Genpact by 529.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider’s stock valued at $25,000 after purchasing an additional 503 shares in the last quarter. Cornerstone Planning Group LLC acquired a new position in Genpact during the first quarter valued at approximately $27,000. Richardson Financial Services Inc. purchased a new stake in Genpact during the first quarter worth approximately $35,000. GeoWealth Management LLC increased its position in shares of Genpact by 199.0% in the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider’s stock worth $38,000 after acquiring an additional 583 shares in the last quarter. Finally, Global X Japan Co. Ltd. purchased a new position in shares of Genpact in the 1st quarter valued at $57,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on G. Wall Street Zen upgraded shares of Genpact from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 6th. Mizuho lifted their price objective on shares of Genpact from $48.00 to $51.00 and gave the company a “neutral” rating in a research note on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of Genpact in a research note on Thursday, July 17th. They set a “hold” rating and a $47.00 price objective on the stock. Robert W. Baird dropped their price objective 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. Finally, Needham & Company LLC reiterated a “buy” rating and set a $53.00 price objective (up previously from $50.00) on shares of Genpact in a research note on Friday, August 8th. Four 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 company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $51.29.

Genpact Stock Performance

G stock opened at $43.31 on Wednesday. The company has a market capitalization of $7.57 billion, a P/E ratio of 14.39, a PEG ratio of 1.54 and a beta of 0.92. The company has a 50-day simple moving average of $43.87 and a 200 day simple moving average of $47.07. Genpact Limited has a fifty-two week low of $36.79 and a fifty-two week high of $56.76. The company has a quick ratio of 2.45, a current ratio of 1.53 and a debt-to-equity ratio of 0.32.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the company earned $0.79 EPS. Genpact’s revenue was up 6.6% on a year-over-year basis. Sell-side analysts predict that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. Genpact’s dividend payout ratio is currently 22.59%.

About Genpact

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.