Genpact Limited (NYSE:G) Shares Sold by Amalgamated Bank

Amalgamated Bank lessened its stake in shares of Genpact Limited (NYSE:GGet Rating) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 121,244 shares of the business services provider’s stock after selling 5,030 shares during the quarter. Amalgamated Bank owned about 0.07% of Genpact worth $5,275,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. DekaBank Deutsche Girozentrale acquired a new position in Genpact in the first quarter worth approximately $25,000. Meeder Asset Management Inc. acquired a new position in Genpact in the first quarter worth approximately $30,000. Quent Capital LLC acquired a new position in Genpact in the fourth quarter worth approximately $37,000. CWM LLC grew its position in Genpact by 56.1% in the first quarter. CWM LLC now owns 1,027 shares of the business services provider’s stock worth $45,000 after buying an additional 369 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in Genpact by 36.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,459 shares of the business services provider’s stock worth $77,000 after buying an additional 390 shares during the last quarter. Institutional investors and hedge funds own 95.63% of the company’s stock.

Genpact Trading Up 1.7 %

Genpact stock opened at $45.75 on Tuesday. The company has a 50 day moving average price of $46.59 and a 200 day moving average price of $44.03. Genpact Limited has a 52 week low of $37.68 and a 52 week high of $54.03. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.58 and a current ratio of 1.58. The firm has a market capitalization of $8.39 billion, a price-to-earnings ratio of 25.42, a P/E/G ratio of 1.54 and a beta of 1.34.

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

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date of this dividend is Thursday, September 8th. Genpact’s dividend payout ratio (DPR) is currently 27.78%.

Insider Buying and Selling at Genpact

In other Genpact news, SVP Kathryn Vanpelt Stein sold 30,000 shares of Genpact stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $47.71, for a total transaction of $1,431,300.00. Following the completion of the sale, the senior vice president now owns 98,223 shares of the company’s stock, valued at approximately $4,686,219.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, SVP Kathryn Vanpelt Stein sold 30,000 shares of Genpact stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $47.71, for a total value of $1,431,300.00. Following the completion of the sale, the senior vice president now owns 98,223 shares of the company’s stock, valued at approximately $4,686,219.33. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Heather White sold 15,000 shares of Genpact stock in a transaction on Friday, August 12th. The shares were sold at an average price of $48.36, for a total transaction of $725,400.00. Following the completion of the sale, the senior vice president now directly owns 30,587 shares of the company’s stock, valued at approximately $1,479,187.32. The disclosure for this sale can be found here. Insiders sold 70,713 shares of company stock valued at $3,362,269 in the last quarter. Company insiders own 2.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

About Genpact

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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.

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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