J. Safra Sarasin Holding AG Cuts Holdings in Genpact Limited $G

J. Safra Sarasin Holding AG decreased its stake in Genpact Limited (NYSE:G) by 14.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 135,487 shares of the business services provider’s stock after selling 22,012 shares during the period. J. Safra Sarasin Holding AG owned about 0.08% of Genpact worth $6,338,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Private Trust Co. NA grew its position in Genpact by 364.2% in the third quarter. Private Trust Co. NA now owns 636 shares of the business services provider’s stock worth $27,000 after acquiring an additional 499 shares in the last quarter. Quent Capital LLC purchased a new stake in Genpact during the third quarter valued at about $27,000. Westside Investment Management Inc. raised its position in Genpact by 193.5% during the third quarter. Westside Investment Management Inc. now owns 678 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 447 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in Genpact during the third quarter worth about $29,000. Finally, Johnson Financial Group Inc. bought a new stake in Genpact during the third quarter worth about $29,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on G shares. Citigroup upgraded Genpact from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Susquehanna set a $42.00 target price on Genpact in a research report on Friday, February 6th. Wall Street Zen lowered Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Mizuho reduced their price target on shares of Genpact from $51.00 to $49.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 10th. Finally, Needham & Company LLC decreased their price target on shares of Genpact from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Genpact presently has an average rating of “Hold” and an average price target of $47.29.

Insider Buying and Selling at Genpact

In related news, CEO Balkrishan Kalra sold 2,800 shares of Genpact stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $40.77, for a total value of $114,156.00. Following the transaction, the chief executive officer directly owned 525,007 shares of the company’s stock, valued at $21,404,535.39. The trade was a 0.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Riju Vashisht sold 16,016 shares of Genpact stock in a transaction on Tuesday, January 13th. The stock was sold at an average price of $46.65, for a total transaction of $747,146.40. Following the completion of the transaction, the senior vice president directly owned 95,521 shares in the company, valued at approximately $4,456,054.65. The trade was a 14.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 33,904 shares of company stock worth $1,565,158. 1.58% of the stock is currently owned by insiders.

Genpact Stock Performance

NYSE G opened at $37.17 on Wednesday. The company has a 50-day simple moving average of $39.79 and a two-hundred day simple moving average of $42.28. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.46. Genpact Limited has a 12-month low of $34.79 and a 12-month high of $50.71. The firm has a market cap of $6.31 billion, a price-to-earnings ratio of 11.88, a PEG ratio of 1.10 and a beta of 0.75.

Genpact (NYSE:G) last released its quarterly earnings data on Friday, February 6th. The business services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.93 by $0.04. Genpact had a return on equity of 22.02% and a net margin of 10.88%.The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the business earned $0.91 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities analysts forecast that Genpact Limited will post 3.21 EPS for the current year.

Genpact Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were paid a $0.1875 dividend. This is an increase from Genpact’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.75 dividend on an annualized basis and a yield of 2.0%. Genpact’s payout ratio is presently 23.96%.

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.