Steph & Co. Has $172,000 Stock Holdings in Genpact Limited (NYSE:G)

Steph & Co. lessened its holdings in Genpact Limited (NYSE:G) by 54.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 4,958 shares of the business services provider’s stock after selling 5,871 shares during the quarter. Steph & Co.’s holdings in Genpact were worth $172,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Scissortail Wealth Management LLC acquired a new stake in shares of Genpact during the fourth quarter worth approximately $575,000. Cornercap Investment Counsel Inc. acquired a new stake in shares of Genpact during the fourth quarter worth approximately $1,122,000. Lecap Asset Management Ltd. acquired a new stake in shares of Genpact during the fourth quarter worth approximately $665,000. Louisiana State Employees Retirement System acquired a new stake in shares of Genpact during the fourth quarter worth approximately $1,628,000. Finally, Custom Index Systems LLC acquired a new stake in shares of Genpact during the fourth quarter worth approximately $281,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. StockNews.com lowered shares of Genpact from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Citigroup raised their price objective on shares of Genpact from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Wednesday, January 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price objective on shares of Genpact in a report on Friday, February 9th. JPMorgan Chase & Co. raised their price target on shares of Genpact from $42.00 to $43.00 and gave the company an “underweight” rating in a report on Friday, February 9th. Finally, Mizuho initiated coverage on shares of Genpact in a report on Tuesday, January 30th. They issued a “neutral” rating and a $40.00 price target for the company. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.11.

Insider Transactions at Genpact

In other news, SVP Heather White sold 11,450 shares of Genpact stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $36.00, for a total transaction of $412,200.00. Following the transaction, the senior vice president now directly owns 21,175 shares of the company’s stock, valued at $762,300. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.80% of the company’s stock.

Genpact Trading Down 0.2 %

G stock traded down $0.07 during midday trading on Wednesday, reaching $30.56. The company’s stock had a trading volume of 2,185,945 shares, compared to its average volume of 1,521,615. Genpact Limited has a 52 week low of $29.41 and a 52 week high of $45.38. The stock has a market cap of $5.51 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 1.44 and a beta of 1.07. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The business’s 50-day simple moving average is $33.86 and its 200-day simple moving average is $34.40.

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

Genpact Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Monday, March 11th were given a dividend of $0.153 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 2.00%. This is a boost from Genpact’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend was Friday, March 8th. Genpact’s dividend payout ratio (DPR) is currently 17.78%.

Genpact Company 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.