Macquarie Group Ltd. Has $2.32 Million Holdings in Genpact Limited (NYSE:G)

Macquarie Group Ltd. decreased its holdings in Genpact Limited (NYSE:G) by 97.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 50,170 shares of the business services provider’s stock after selling 1,597,500 shares during the quarter. Macquarie Group Ltd.’s holdings in Genpact were worth $2,319,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in the business. American Century Companies Inc. raised its position in Genpact by 57.2% in the 1st quarter. American Century Companies Inc. now owns 18,403 shares of the business services provider’s stock worth $801,000 after purchasing an additional 6,699 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Genpact by 16.8% during the first quarter. Bank of Montreal Can now owns 23,398 shares of the business services provider’s stock valued at $1,031,000 after acquiring an additional 3,364 shares during the period. Dimensional Fund Advisors LP boosted its holdings in Genpact by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 1,683,950 shares of the business services provider’s stock valued at $73,273,000 after acquiring an additional 5,331 shares during the last quarter. Sei Investments Co. increased its position in Genpact by 6.2% in the first quarter. Sei Investments Co. now owns 104,775 shares of the business services provider’s stock worth $4,560,000 after purchasing an additional 6,151 shares during the period. Finally, Aviva PLC acquired a new stake in Genpact in the first quarter worth about $2,219,000. Institutional investors own 96.33% of the company’s stock.

Insider Transactions at Genpact

In other news, CEO N. V. Tyagarajan sold 1,700 shares of the company’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $35.89, for a total transaction of $61,013.00. Following the sale, the chief executive officer now owns 8,300 shares in the company, valued at approximately $297,887. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.62% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on G. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Genpact from $48.00 to $37.00 in a research note on Thursday, August 10th. StockNews.com initiated coverage on shares of Genpact in a research report on Thursday, August 17th. They set a “buy” rating for the company. BMO Capital Markets reduced their price target on Genpact from $46.00 to $41.00 and set a “market perform” rating on the stock in a research report on Thursday, August 10th. Wedbush reiterated a “neutral” rating and issued a $45.00 price objective on shares of Genpact in a report on Thursday, August 10th. Finally, TheStreet cut Genpact from a “b-” rating to a “c+” rating in a report on Friday, June 9th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, Genpact presently has a consensus rating of “Hold” and a consensus price target of $42.13.

Genpact Stock Down 0.4 %

Shares of Genpact stock opened at $36.82 on Tuesday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.88 and a quick ratio of 1.88. The business has a 50-day moving average of $37.18 and a two-hundred day moving average of $39.82. Genpact Limited has a 1 year low of $35.31 and a 1 year high of $48.85. The company has a market capitalization of $6.68 billion, a P/E ratio of 16.81, a price-to-earnings-growth ratio of 1.44 and a beta of 1.18.

Genpact (NYSE:G) last announced its earnings results on Wednesday, August 9th. The business services provider reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.11 billion. Genpact had a net margin of 9.25% and a return on equity of 25.06%. As a group, equities analysts predict that Genpact Limited will post 2.57 EPS for the current year.

Genpact Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 26th. Shareholders of record on Friday, September 8th will be paid a $0.1375 dividend. The ex-dividend date is Thursday, September 7th. This represents a $0.55 annualized dividend and a yield of 1.49%. Genpact’s payout ratio is currently 25.11%.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology (IT) 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 company offers CFO advisory services; and environmental, social, and governance (ESG) services, such as data management, carbon accounting, human rights assessment, sustainability diligence, and ESG reporting.