Bokf Na reduced its position in Genpact Limited (NYSE:G) by 5.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 19,447 shares of the business services provider’s stock after selling 1,085 shares during the period. Bokf Na’s holdings in Genpact were worth $525,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in G. Victory Capital Management Inc. raised its holdings in Genpact by 12.6% in the third quarter. Victory Capital Management Inc. now owns 155,247 shares of the business services provider’s stock valued at $4,752,000 after acquiring an additional 17,414 shares in the last quarter. Wells Fargo & Company MN raised its holdings in Genpact by 1,103.8% in the third quarter. Wells Fargo & Company MN now owns 718,251 shares of the business services provider’s stock valued at $21,985,000 after acquiring an additional 658,586 shares in the last quarter. Toronto Dominion Bank raised its holdings in Genpact by 17,596.8% in the third quarter. Toronto Dominion Bank now owns 5,486 shares of the business services provider’s stock valued at $168,000 after acquiring an additional 5,455 shares in the last quarter. MML Investors Services LLC raised its holdings in Genpact by 41.7% in the third quarter. MML Investors Services LLC now owns 10,930 shares of the business services provider’s stock valued at $335,000 after acquiring an additional 3,215 shares in the last quarter. Finally, Commonwealth Bank of Australia acquired a new stake in Genpact in the third quarter valued at approximately $352,000. 89.21% of the stock is owned by institutional investors.

Shares of Genpact stock opened at $34.10 on Thursday. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 1.78 and a beta of 0.87. Genpact Limited has a 52 week low of $25.48 and a 52 week high of $34.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.39 and a current ratio of 1.39.

Genpact (NYSE:G) last announced its quarterly earnings results on Thursday, February 7th. The business services provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.42 by $0.03. The company had revenue of $835.34 million for the quarter, compared to analyst estimates of $810.98 million. Genpact had a net margin of 9.40% and a return on equity of 23.24%. The firm’s revenue was up 13.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.43 earnings per share. Analysts anticipate that Genpact Limited will post 1.72 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 20th. Shareholders of record on Friday, March 8th were paid a $0.085 dividend. This is a positive change from Genpact’s previous quarterly dividend of $0.08. This represents a $0.34 annualized dividend and a yield of 1.00%. The ex-dividend date of this dividend was Thursday, March 7th. Genpact’s dividend payout ratio is currently 21.25%.

Several analysts recently weighed in on the stock. Zacks Investment Research raised shares of Genpact from a “sell” rating to a “hold” rating in a report on Monday. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $36.00 target price on shares of Genpact in a report on Sunday, March 3rd. Royal Bank of Canada cut shares of Genpact from an “outperform” rating to a “sector perform” rating and set a $33.50 target price on the stock. in a report on Tuesday, February 26th. Wells Fargo & Co raised shares of Genpact from a “market perform” rating to an “outperform” rating and set a $33.25 target price on the stock in a report on Friday, March 8th. Finally, Bank of America raised shares of Genpact from an “underperform” rating to a “buy” rating and set a $36.00 target price on the stock in a report on Wednesday, February 6th. Four equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $33.97.

In other news, insider Private Ltd Gic sold 1,499,806 shares of the firm’s stock in a transaction that occurred on Friday, February 15th. The shares were sold at an average price of $32.22, for a total transaction of $48,323,749.32. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Patrick Cogny sold 20,421 shares of the firm’s stock in a transaction that occurred on Wednesday, February 20th. The stock was sold at an average price of $33.00, for a total transaction of $673,893.00. Following the transaction, the senior vice president now owns 101,447 shares in the company, valued at $3,347,751. The disclosure for this sale can be found here. Insiders sold 1,605,440 shares of company stock worth $51,820,019 over the last quarter. 1.88% of the stock is currently owned by insiders.

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Genpact Profile

Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; over-the counter services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.

Further Reading: Reverse Stock Split

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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