American Trust Cuts Stake in Genpact Limited (NYSE:G)

American Trust reduced its stake in shares of Genpact Limited (NYSE:GGet Rating) by 3.4% in the first quarter, HoldingsChannel reports. The institutional investor owned 9,783 shares of the business services provider’s stock after selling 343 shares during the period. American Trust’s holdings in Genpact were worth $426,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Raymond James Financial Services Advisors Inc. bought a new position in shares of Genpact during the 4th quarter valued at approximately $287,000. JPMorgan Chase & Co. boosted its position in shares of Genpact by 8.4% during the 4th quarter. JPMorgan Chase & Co. now owns 361,659 shares of the business services provider’s stock valued at $19,197,000 after acquiring an additional 28,045 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Genpact by 2.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 939,148 shares of the business services provider’s stock valued at $49,850,000 after acquiring an additional 26,132 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Genpact by 6.0% during the 4th quarter. Geode Capital Management LLC now owns 2,270,756 shares of the business services provider’s stock valued at $120,531,000 after acquiring an additional 128,556 shares during the last quarter. Finally, FineMark National Bank & Trust bought a new position in shares of Genpact during the 4th quarter valued at approximately $205,000. 95.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Citigroup lowered their target price on Genpact from $55.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Genpact currently has an average rating of “Moderate Buy” and a consensus target price of $53.00.

Genpact Stock Down 0.3 %

Shares of G opened at $44.97 on Friday. The company has a market cap of $8.25 billion, a PE ratio of 24.98, a P/E/G ratio of 1.55 and a beta of 1.34. The business has a fifty day moving average of $46.55 and a 200 day moving average of $43.99. Genpact Limited has a 52-week low of $37.68 and a 52-week high of $54.03. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.72.

Genpact (NYSE:GGet Rating) last issued its quarterly earnings results on Thursday, August 4th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.04. The company had revenue of $1.09 billion during the quarter, compared to the consensus estimate of $1.07 billion. Genpact had a return on equity of 22.29% and a net margin of 8.09%. Genpact’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the company earned $0.56 earnings per share. On average, sell-side analysts expect that Genpact Limited will post 2.4 EPS for the current year.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Stockholders of record on Friday, September 9th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $0.50 annualized dividend and a dividend yield of 1.11%. Genpact’s dividend payout ratio (DPR) is 27.78%.

Insider Transactions at Genpact

In other news, SVP Heather White sold 713 shares of Genpact stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $45.96, for a total transaction of $32,769.48. Following the completion of the sale, the senior vice president now directly owns 29,929 shares in the company, valued at $1,375,536.84. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, SVP Balkrishan Kalra sold 10,000 shares of the firm’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of $47.35, for a total transaction of $473,500.00. Following the transaction, the senior vice president now owns 183,685 shares in the company, valued at $8,697,484.75. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Heather White sold 713 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $45.96, for a total value of $32,769.48. Following the transaction, the senior vice president now owns 29,929 shares in the company, valued at approximately $1,375,536.84. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,713 shares of company stock worth $3,362,269. 2.67% of the stock is currently owned by insiders.

Genpact Profile

(Get Rating)

Genpact Limited provides business process outsourcing and information technology (IT) services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Banking, Capital Markets and Insurance; Consumer Goods, Retail, Life Sciences and Healthcare; and High Tech, Manufacturing and Services.

Featured Stories

Want to see what other hedge funds are holding G? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genpact Limited (NYSE:GGet Rating).

Institutional Ownership by Quarter for Genpact (NYSE:G)

Receive News & Ratings for Genpact Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genpact and related companies with MarketBeat.com's FREE daily email newsletter.