Genpact Limited $G Shares Sold by C WorldWide Group Holding A S

C WorldWide Group Holding A S cut its holdings in shares of Genpact Limited (NYSE:G) by 38.0% during the second quarter, HoldingsChannel.com reports. The fund owned 36,868 shares of the business services provider’s stock after selling 22,640 shares during the quarter. C WorldWide Group Holding A S’s holdings in Genpact were worth $1,014,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of G. Osbon Capital Management LLC purchased a new position in Genpact during the 4th quarter worth $25,000. iSAM Funds UK Ltd purchased a new position in Genpact in the 3rd quarter valued at $29,000. Johnson Financial Group Inc. acquired a new position in Genpact in the 3rd quarter valued at $29,000. Larson Financial Group LLC raised its position in Genpact by 428.4% during the 4th quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock worth $33,000 after buying an additional 574 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Genpact in the 4th quarter worth $33,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on G shares. Robert W. Baird lowered their target price 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. JPMorgan Chase & Co. raised their price objective on shares of Genpact from $40.00 to $45.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings lowered Genpact from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on Genpact in a research note on Friday, July 10th. Finally, Wall Street Zen upgraded Genpact from a “hold” rating to a “buy” rating in a research note on Saturday, August 29th. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $39.33.

Genpact Trading Down 5.3%

Shares of G opened at $35.35 on Wednesday. Genpact Limited has a twelve month low of $26.85 and a twelve month high of $48.64. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $5.94 billion, a P/E ratio of 10.49, a PEG ratio of 0.99 and a beta of 0.58. The firm’s 50-day moving average is $33.74 and its two-hundred day moving average is $34.35.

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

Genpact Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend is Thursday, September 10th. Genpact’s payout ratio is 22.26%.

Insider Activity at Genpact

In related news, SVP Anil Nanduru sold 6,191 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total value of $229,252.73. Following the sale, the senior vice president directly owned 70,253 shares of the company’s stock, valued at approximately $2,601,468.59. This represents a 8.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.58% of the stock is owned by corporate insiders.

About Genpact

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.