National Bank of Canada FI Sells 48,104 Shares of Genpact Limited (NYSE:G)

National Bank of Canada FI trimmed its position in shares of Genpact Limited (NYSE:G) by 55.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 39,037 shares of the business services provider’s stock after selling 48,104 shares during the period. National Bank of Canada FI’s holdings in Genpact were worth $1,677,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. SRH Advisors LLC bought a new position in shares of Genpact during the 4th quarter worth about $26,000. Manchester Capital Management LLC acquired a new position in Genpact in the fourth quarter worth about $38,000. Smartleaf Asset Management LLC lifted its stake in Genpact by 416.5% during the fourth quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider’s stock worth $41,000 after purchasing an additional 783 shares during the period. UMB Bank n.a. boosted its holdings in Genpact by 55.7% during the fourth quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 433 shares in the last quarter. Finally, J.Safra Asset Management Corp grew its stake in shares of Genpact by 38.8% in the 4th quarter. J.Safra Asset Management Corp now owns 1,622 shares of the business services provider’s stock valued at $69,000 after purchasing an additional 453 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insider Transactions at Genpact

In other Genpact 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 owns 310,246 shares in the company, valued at approximately $15,167,926.94. This trade represents a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Piyush Mehta sold 12,000 shares of the business’s stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.83, for a total value of $513,960.00. Following the transaction, 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 ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts recently commented on G shares. TD Cowen raised Genpact from a “hold” rating to a “buy” rating and boosted their price target for the company from $45.00 to $60.00 in a research note on Friday, February 7th. Jefferies Financial Group upgraded shares of Genpact from a “hold” rating to a “buy” rating and boosted their target price for the company from $44.00 to $55.00 in a research note on Tuesday, January 21st. Mizuho upped their target price on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. Finally, Needham & Company LLC lifted their price target on shares of Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $48.44.

Genpact Price Performance

Shares of G stock opened at $45.05 on Wednesday. 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 $7.91 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 1.84 and a beta of 1.06. The firm’s 50 day moving average is $51.10 and its 200-day moving average is $45.59. Genpact Limited has a 1 year low of $30.23 and a 1 year high of $56.76.

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

Genpact Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.51%. The ex-dividend date was Tuesday, March 11th. This is a positive change from Genpact’s previous quarterly dividend of $0.15. Genpact’s dividend payout ratio (DPR) is 23.94%.

Genpact 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.