C WorldWide Group Holding A S Sells 8,604 Shares of Genpact Limited (NYSE:G)

C WorldWide Group Holding A S lessened its holdings in shares of Genpact Limited (NYSE:G) by 13.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,738 shares of the business services provider’s stock after selling 8,604 shares during the quarter. C WorldWide Group Holding A S’s holdings in Genpact were worth $1,900,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. FMR LLC lifted its position in Genpact by 8.1% in the 3rd quarter. FMR LLC now owns 17,644,694 shares of the business services provider’s stock worth $638,738,000 after buying an additional 1,327,435 shares during the last quarter. Westfield Capital Management Co. LP lifted its position in Genpact by 18.1% in the 3rd quarter. Westfield Capital Management Co. LP now owns 2,948,433 shares of the business services provider’s stock worth $106,733,000 after buying an additional 452,612 shares during the last quarter. Nordea Investment Management AB lifted its position in Genpact by 14.8% in the 3rd quarter. Nordea Investment Management AB now owns 2,484,781 shares of the business services provider’s stock worth $91,664,000 after buying an additional 321,032 shares during the last quarter. Causeway Capital Management LLC increased its stake in Genpact by 7.2% in the 3rd quarter. Causeway Capital Management LLC now owns 2,159,210 shares of the business services provider’s stock worth $78,163,000 after purchasing an additional 144,611 shares during the period. Finally, Northern Trust Corp increased its stake in Genpact by 0.4% in the 3rd quarter. Northern Trust Corp now owns 1,251,019 shares of the business services provider’s stock worth $45,287,000 after purchasing an additional 4,684 shares during the period. Institutional investors own 96.03% of the company’s stock.

Analysts Set New Price Targets

G has been the topic of a number of analyst reports. Mizuho initiated coverage on Genpact in a research note on Tuesday, January 30th. They issued a “neutral” rating and a $40.00 price target on the stock. Citigroup decreased their price target on Genpact from $36.00 to $33.00 and set a “neutral” rating on the stock in a research note on Monday, April 22nd. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Genpact in a research note on Friday, February 9th. StockNews.com cut Genpact from a “strong-buy” rating to a “buy” rating in a research note on Friday, April 5th. Finally, JPMorgan Chase & Co. boosted their target price on Genpact from $42.00 to $43.00 and gave the company an “underweight” rating in a research note on Friday, February 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.78.

Genpact Stock Up 0.7 %

Genpact stock traded up $0.21 during mid-day trading on Friday, hitting $30.90. The company had a trading volume of 1,665,674 shares, compared to its average volume of 1,545,637. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average price is $33.07 and its two-hundred day moving average price is $34.12. Genpact Limited has a 12 month low of $29.41 and a 12 month high of $44.63. The company has a market capitalization of $5.57 billion, a PE ratio of 9.01, a price-to-earnings-growth ratio of 1.44 and a beta of 1.07.

Genpact (NYSE:G) last released its earnings results on Thursday, February 8th. The business services provider reported $0.68 EPS for the quarter, topping the consensus estimate of $0.65 by $0.03. Genpact had a return on equity of 23.19% and a net margin of 14.10%. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.12 billion. As a group, sell-side analysts anticipate that Genpact Limited will post 2.7 earnings per share for the current fiscal year.

Genpact Increases Dividend

The firm 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 an increase from Genpact’s previous quarterly dividend of $0.14. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date of this dividend was Friday, March 8th. Genpact’s dividend payout ratio is presently 17.78%.

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.