2 weeks Ago By ABMN Staff
Invesco Ltd. lessened its holdings in shares of Genpact Limited ( NYSE:G – Free Report ) by 84.3% in the 4th quarter, according to its most recent filing with the SEC.
The fund owned 279,197 shares of the business services provider’s stock after selling 1,497,514 shares during the period. Invesco Ltd. owned approximately 0.
16% of Genpact worth $11,992,000 at the end of the most recent reporting period. Other hedge funds have also recently added to or reduced their stakes in the company. Atlas Capital Advisors Inc.
raised its position in shares of Genpact by 55.8% during the fourth quarter. Atlas Capital Advisors Inc.
now owns 603 shares of the business services provider’s stock valued at $26,000 after buying an additional 216 shares during the last quarter. CIBC Asset Management Inc grew its holdings in shares of Genpact by 5.5% during the 4th quarter.
CIBC Asset Management Inc now owns 5,692 shares of the business services provider’s stock worth $244,000 after purchasing an additional 297 shares in the last quarter. Tealwood Asset Management Inc. increased its position in shares of Genpact by 1.
4% during the fourth quarter. Tealwood Asset Management Inc. now owns 24,658 shares of the business services provider’s stock valued at $1,059,000 after purchasing an additional 339 shares during the period.
UMB Bank n.a. raised its stake in shares of Genpact by 55.
7% in the fourth quarter. UMB Bank n.a.
now owns 1,210 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 433 shares in the last quarter. Finally, OneAscent Wealth Management LLC lifted its position in Genpact by 5.5% in the fourth quarter.
OneAscent Wealth Management LLC now owns 8,380 shares of the business services provider’s stock worth $360,000 after purchasing an additional 439 shares during the period. Institutional investors own 96.03% of the company’s stock.
Analysts Set New Price Targets A number of equities analysts have recently issued reports on G shares. Mizuho increased their price objective on shares of Genpact from $45.00 to $55.
00 and gave the company a “neutral” rating in a research note on Monday, February 10th. Jefferies Financial Group raised Genpact from a “hold” rating to a “buy” rating and lifted their price objective for the company from $44.00 to $55.
00 in a report on Tuesday, January 21st. Needham & Company LLC raised their target price on Genpact from $55.00 to $65.
00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Finally, TD Cowen upgraded Genpact from a “hold” rating to a “buy” rating and upped their price target for the company from $45.00 to $60.
00 in a research report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.
com, Genpact has an average rating of “Hold” and an average price target of $48.44. Insider Buying and Selling at Genpact In other news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction on Thursday, March 13th.
The stock was sold at an average price of $48.89, for a total value of $664,904.00.
Following the transaction, the chief executive officer now owns 310,246 shares of the company’s stock, valued at $15,167,926.94. This represents a 4.
20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink . Corporate insiders own 2.
80% of the company’s stock. Genpact Stock Down 1.9 % Shares of NYSE G opened at $46.
69 on Tuesday. Genpact Limited has a 12-month low of $30.38 and a 12-month high of $56.
76. The firm’s 50-day simple moving average is $50.36 and its 200 day simple moving average is $46.
18. The company has a quick ratio of 1.85, a current ratio of 2.
16 and a debt-to-equity ratio of 0.50. The company has a market cap of $8.
20 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 1.84 and a beta of 1.
06. Genpact ( NYSE:G – Get Free Report ) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.
82 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.04).
Genpact had a net margin of 10.77% and a return on equity of 22.50%.
On average, research analysts expect that Genpact Limited will post 3.21 earnings per share for the current fiscal year. Genpact Increases Dividend The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th.
Shareholders of record on Tuesday, March 11th were issued a dividend of $0.17 per share. This is a boost from Genpact’s previous quarterly dividend of $0.
15. This represents a $0.68 annualized dividend and a yield of 1.
46%. The ex-dividend date was Tuesday, March 11th. Genpact’s payout ratio is currently 23.
94%. Genpact Company Profile ( Free Report ) 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. Featured Articles 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:G – Free Report ).
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