Genpact Limited (NYSE:G) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lessened its position in Genpact Limited (NYSE:G) by 2.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 286,468 shares of the business services provider’s stock after selling 8,334 shares during the period. Leeward Investments LLC MA’s holdings in Genpact were worth $12,304,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of G. Creative Planning grew its position in Genpact by 19.4% in the 3rd quarter. Creative Planning now owns 30,590 shares of the business services provider’s stock valued at $1,199,000 after buying an additional 4,976 shares in the last quarter. Sequoia Financial Advisors LLC grew its position in Genpact by 5.8% in the 3rd quarter. Sequoia Financial Advisors LLC now owns 23,315 shares of the business services provider’s stock valued at $914,000 after buying an additional 1,281 shares in the last quarter. Greenleaf Trust bought a new position in Genpact in the 3rd quarter valued at about $210,000. Ballentine Partners LLC grew its position in Genpact by 38.1% in the 3rd quarter. Ballentine Partners LLC now owns 19,859 shares of the business services provider’s stock valued at $779,000 after buying an additional 5,482 shares in the last quarter. Finally, Highland Capital Management LLC bought a new position in Genpact in the 3rd quarter valued at about $213,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

G has been the subject of several research reports. Needham & Company LLC raised their price objective 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. Jefferies Financial Group upgraded shares of Genpact from a “hold” rating to a “buy” rating and raised their price objective for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. TD Cowen upgraded shares of Genpact from a “hold” rating to a “buy” rating and raised their price objective for the company from $45.00 to $60.00 in a research report on Friday, February 7th. Mizuho raised their price objective on shares of Genpact from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Finally, Robert W. Baird raised their price objective on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $48.44.

Genpact Stock Performance

Shares of G opened at $53.21 on Friday. Genpact Limited has a one year low of $30.23 and a one year high of $56.76. The company has a 50-day moving average of $47.00 and a two-hundred day moving average of $42.81. The stock has a market cap of $9.38 billion, a price-to-earnings ratio of 18.73, a PEG ratio of 1.84 and a beta of 1.20. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85.

Genpact (NYSE:G) last announced its earnings results on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a return on equity of 22.50% and a net margin of 10.77%. On average, equities research analysts expect that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.28%. This is a positive change from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date is Tuesday, March 11th. Genpact’s dividend payout ratio is 21.48%.

Insider Transactions at Genpact

In other news, SVP Piyush Mehta sold 12,000 shares of the stock in a transaction that occurred on Friday, January 10th. The shares were 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 directly owns 151,182 shares of the company’s stock, valued at $6,475,125.06. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $44.60, for a total transaction of $606,560.00. Following the completion of the sale, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at $11,926,218.40. This trade represents a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 34,600 shares of company stock valued at $1,538,120 over the last three months. 2.80% of the stock is owned by corporate insiders.

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.