249,036 Genpact Limited $G Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. decreased its stake in shares of Genpact Limited (NYSE:G) by 43.5% during the third quarter, HoldingsChannel reports. The firm owned 323,715 shares of the business services provider’s stock after selling 249,036 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Genpact were worth $10,530,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Sawyer & Company Inc purchased a new stake in shares of Genpact during the third quarter valued at $955,000. Nisa Investment Advisors LLC increased its position in shares of Genpact by 40.7% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,175 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 918 shares during the period. Pension & Wealth Management Advisors Inc. purchased a new position in Genpact in the 3rd quarter worth $27,000. Mather Group LLC. raised its stake in Genpact by 568.9% in the 3rd quarter. Mather Group LLC. now owns 2,388 shares of the business services provider’s stock worth $78,000 after acquiring an additional 2,031 shares during the last quarter. Finally, NorthCrest Asset Manangement LLC raised its stake in Genpact by 27.6% in the 3rd quarter. NorthCrest Asset Manangement LLC now owns 16,391 shares of the business services provider’s stock worth $568,000 after acquiring an additional 3,549 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

G has been the topic of several recent research reports. JPMorgan Chase & Co. upped their price objective on shares of Genpact from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Susquehanna raised their target price on shares of Genpact from $37.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday. TD Cowen boosted their target price on shares of Genpact from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Robert W. Baird lowered their price target on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday, July 7th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and issued a $40.00 price target on shares of Genpact in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $39.67.

Insiders Place Their Bets

In other news, SVP Anil Nanduru sold 6,191 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total transaction of $229,252.73. Following the transaction, the senior vice president owned 70,253 shares of the company’s stock, valued at approximately $2,601,468.59. The trade was a 8.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.58% of the company’s stock.

Genpact Stock Performance

G opened at $41.84 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.44. The company has a market cap of $7.00 billion, a price-to-earnings ratio of 11.47, a PEG ratio of 1.05 and a beta of 0.57. Genpact Limited has a 52-week low of $26.85 and a 52-week high of $48.64. The firm’s fifty day simple moving average is $35.66 and its two-hundred day simple moving average is $33.54.

Genpact (NYSE:G) last posted its quarterly earnings data on Tuesday, June 30th. The business services provider reported $1.00 earnings per share (EPS) for the quarter. Genpact had a return on equity of 23.34% and a net margin of 11.04%. The company had revenue of $1.34 billion for the quarter. Equities analysts anticipate that Genpact Limited will post 3.66 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Shareholders of record on Thursday, December 10th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $0.75 dividend on an annualized basis and a yield of 1.8%. Genpact’s payout ratio is 22.26%.

Genpact Profile

Genpact (NYSE: G) is a global professional services and business process management company that helps organizations improve operations through digital transformation, data and analytics, artificial intelligence, and industry-specific expertise. The company combines technology with operational services to support clients across core business functions.

Its offerings include finance and accounting, procurement, supply chain management, customer experience, risk and compliance, insurance operations, and banking and capital markets services.