DekaBank Deutsche Girozentrale Sells 76,890 Shares of Genpact Limited (NYSE:G)

DekaBank Deutsche Girozentrale lessened its holdings in Genpact Limited (NYSE:G) by 94.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,800 shares of the business services provider’s stock after selling 76,890 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in Genpact were worth $164,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Fred Alger Management LLC grew its holdings in Genpact by 136.7% during the fourth quarter. Fred Alger Management LLC now owns 878 shares of the business services provider’s stock worth $41,000 after purchasing an additional 507 shares during the period. Janiczek Wealth Management LLC acquired a new position in shares of Genpact during the 3rd quarter worth approximately $48,000. Covestor Ltd increased its holdings in shares of Genpact by 140.2% during the 3rd quarter. Covestor Ltd now owns 1,549 shares of the business services provider’s stock worth $56,000 after acquiring an additional 904 shares during the last quarter. Buck Wealth Strategies LLC raised its stake in Genpact by 438.3% in the 3rd quarter. Buck Wealth Strategies LLC now owns 1,825 shares of the business services provider’s stock valued at $66,000 after acquiring an additional 1,486 shares during the period. Finally, State of Wyoming acquired a new stake in Genpact during the 4th quarter valued at $66,000. Institutional investors own 96.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Genpact in a report on Friday, February 9th. Mizuho assumed coverage on shares of Genpact in a report on Tuesday, January 30th. They issued a “neutral” rating and a $40.00 price target on the stock. JPMorgan Chase & Co. boosted their price objective on Genpact from $42.00 to $43.00 and gave the stock an “underweight” rating in a report on Friday, February 9th. StockNews.com lowered Genpact from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 5th. Finally, Citigroup boosted their price target on Genpact from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Wednesday, January 17th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, Genpact has an average rating of “Hold” and a consensus price target of $40.11.

Genpact Price Performance

Shares of NYSE:G opened at $30.63 on Wednesday. Genpact Limited has a one year low of $29.41 and a one year high of $45.50. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market cap of $5.52 billion, a price-to-earnings ratio of 8.93, a PEG ratio of 1.47 and a beta of 1.07. The firm has a 50 day simple moving average of $33.86 and a 200 day simple moving average of $34.40.

Genpact (NYSE:G) last announced its quarterly earnings results on Thursday, February 8th. The business services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.12 billion. Genpact had a return on equity of 23.19% and a net margin of 14.10%. Research analysts predict that Genpact Limited will post 2.7 earnings per share for the current fiscal year.

Genpact Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Monday, March 11th were issued a dividend of $0.153 per share. This is a boost from Genpact’s previous quarterly dividend of $0.14. This represents a $0.61 annualized dividend and a dividend yield of 2.00%. The ex-dividend date was Friday, March 8th. Genpact’s payout ratio is 17.78%.

Insider Activity

In related news, SVP Heather White sold 11,450 shares of Genpact stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $36.00, for a total transaction of $412,200.00. Following the sale, the senior vice president now directly owns 21,175 shares in the company, valued at approximately $762,300. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.80% of the stock is currently owned by insiders.

Genpact 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.