Commonwealth of Pennsylvania Public School Empls Retrmt SYS Sells 300 Shares of Genpact Limited (NYSE:G)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS reduced its stake in Genpact Limited (NYSE:G) by 0.8% in the 4th quarter, HoldingsChannel reports. The firm owned 35,834 shares of the business services provider’s stock after selling 300 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Genpact were worth $1,539,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Stifel Financial Corp bought a new stake in Genpact during the 3rd quarter valued at $1,197,000. Blue Trust Inc. increased its position in shares of Genpact by 8.7% during the fourth quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider’s stock worth $217,000 after acquiring an additional 441 shares in the last quarter. Burney Co. raised its holdings in shares of Genpact by 242.8% in the 4th quarter. Burney Co. now owns 130,798 shares of the business services provider’s stock worth $5,618,000 after acquiring an additional 92,641 shares during the last quarter. KBC Group NV bought a new position in Genpact in the 4th quarter valued at about $298,000. Finally, JPMorgan Chase & Co. boosted its stake in Genpact by 192.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock valued at $122,701,000 after purchasing an additional 2,060,595 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

G has been the topic of several analyst reports. Jefferies Financial Group raised Genpact from a “hold” rating to a “buy” rating and lifted their target price for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. Needham & Company LLC raised their price target on shares of Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, February 7th. TD Cowen upgraded shares of Genpact from a “hold” rating to a “buy” rating and increased their price objective for the company from $45.00 to $60.00 in a research note on Friday, February 7th. Finally, Mizuho lifted their target price on Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Genpact presently has an average rating of “Hold” and a consensus price target of $48.44.

Insider Transactions at Genpact

In related news, CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $48.89, for a total transaction of $664,904.00. Following the transaction, the chief executive officer now directly owns 310,246 shares of the company’s stock, valued at approximately $15,167,926.94. This trade represents a 4.20 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Piyush Mehta sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $42.83, for a total value of $513,960.00. Following the completion of the sale, the senior vice president now owns 151,182 shares of the company’s stock, valued at $6,475,125.06. The trade was a 7.35 % decrease in their position. The disclosure for this sale can be found here. 2.80% of the stock is currently owned by insiders.

Genpact Price Performance

G stock opened at $50.55 on Wednesday. The firm has a 50 day moving average of $50.50 and a 200-day moving average of $44.86. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $8.88 billion, a P/E ratio of 17.80, a price-to-earnings-growth ratio of 1.84 and a beta of 1.16. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $56.76.

Genpact (NYSE:G) last posted its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.50%. As a group, sell-side analysts predict that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, March 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.35%. This is a boost from Genpact’s previous quarterly dividend of $0.15. Genpact’s dividend payout ratio (DPR) is 23.94%.

About Genpact

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.