Brown Advisory Inc. cut its position in Genpact Limited (NYSE:G) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,298,926 shares of the business services provider’s stock after selling 299,264 shares during the quarter. Genpact comprises about 1.2% of Brown Advisory Inc.’s holdings, making the stock its 24th largest position. Brown Advisory Inc. owned about 0.06% of Genpact worth $390,367,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its position in shares of Genpact by 6.6% in the fourth quarter. BlackRock Inc. now owns 12,772,040 shares of the business services provider’s stock valued at $405,384,000 after purchasing an additional 785,600 shares in the last quarter. Pzena Investment Management LLC grew its position in shares of Genpact by 7.7% in the fourth quarter. Pzena Investment Management LLC now owns 2,843,211 shares of the business services provider’s stock valued at $90,243,000 after purchasing an additional 204,077 shares in the last quarter. Congress Asset Management Co. MA grew its position in shares of Genpact by 1.9% in the fourth quarter. Congress Asset Management Co. MA now owns 2,665,625 shares of the business services provider’s stock valued at $84,607,000 after purchasing an additional 50,390 shares in the last quarter. Schroder Investment Management Group grew its position in shares of Genpact by 25.5% in the third quarter. Schroder Investment Management Group now owns 1,624,084 shares of the business services provider’s stock valued at $46,497,000 after purchasing an additional 329,746 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Genpact by 2.0% in the third quarter. Dimensional Fund Advisors LP now owns 1,518,243 shares of the business services provider’s stock valued at $43,649,000 after purchasing an additional 30,361 shares in the last quarter. Hedge funds and other institutional investors own 94.18% of the company’s stock.
In other news, insider Arvinder Singh sold 22,690 shares of the company’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $33.95, for a total value of $770,325.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James C. Madden sold 4,270 shares of the company’s stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $30.92, for a total value of $132,028.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 164,934 shares of company stock valued at $5,346,881. 1.41% of the stock is owned by company insiders.
Genpact Limited (NYSE:G) opened at $31.26 on Wednesday. Genpact Limited has a 52-week low of $23.34 and a 52-week high of $34.79. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.65 and a current ratio of 1.65. The company has a market capitalization of $6,091.35, a PE ratio of 23.33, a P/E/G ratio of 2.04 and a beta of 0.57.
Genpact (NYSE:G) last posted its earnings results on Monday, February 12th. The business services provider reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.02. Genpact had a return on equity of 19.65% and a net margin of 9.01%. The business had revenue of $734.41 million during the quarter, compared to analysts’ expectations of $723.55 million. During the same period in the previous year, the business earned $0.43 earnings per share. The firm’s revenue was up 7.7% on a year-over-year basis. equities research analysts predict that Genpact Limited will post 1.55 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 21st. Investors of record on Friday, March 9th will be given a dividend of $0.075 per share. This represents a $0.30 annualized dividend and a yield of 0.96%. This is a boost from Genpact’s previous quarterly dividend of $0.06. The ex-dividend date of this dividend is Thursday, March 8th. Genpact’s payout ratio is presently 17.91%.
G has been the subject of several recent research reports. Zacks Investment Research cut Genpact from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Robert W. Baird reiterated a “buy” rating and issued a $38.00 price target on shares of Genpact in a research report on Friday, November 10th. Cantor Fitzgerald reiterated a “buy” rating and issued a $36.00 price target on shares of Genpact in a research report on Wednesday, November 8th. Citigroup reduced their price target on Genpact from $39.00 to $37.50 and set a “buy” rating for the company in a research report on Tuesday, February 13th. Finally, JPMorgan Chase & Co. reduced their price target on Genpact from $38.00 to $37.00 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Genpact presently has an average rating of “Buy” and an average price target of $34.65.
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Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.
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