Genpact Limited (NYSE:G) Shares Sold by National Bank of Canada FI

National Bank of Canada FI lessened its stake in shares of Genpact Limited (NYSE:GGet Rating) by 77.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,634 shares of the business services provider’s stock after selling 165,902 shares during the quarter. National Bank of Canada FI’s holdings in Genpact were worth $2,116,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. DekaBank Deutsche Girozentrale bought a new stake in Genpact during the first quarter worth approximately $25,000. EverSource Wealth Advisors LLC bought a new stake in Genpact during the fourth quarter worth approximately $29,000. CWM LLC bought a new stake in Genpact during the fourth quarter worth approximately $35,000. UMB Bank N A MO bought a new stake in Genpact during the fourth quarter worth approximately $35,000. Finally, Quent Capital LLC bought a new stake in Genpact during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 95.82% of the company’s stock.

Analyst Ratings Changes

G has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Genpact from $55.00 to $48.00 in a report on Friday, May 6th. Citigroup decreased their price objective on shares of Genpact from $55.00 to $52.00 and set a “buy” rating for the company in a research note on Wednesday, July 20th. Finally, StockNews.com lowered shares of Genpact from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 12th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $55.29.

Genpact Trading Down 3.1 %

Shares of NYSE:G opened at $46.92 on Friday. The firm has a fifty day moving average of $44.27 and a two-hundred day moving average of $43.90. The firm has a market capitalization of $8.69 billion, a P/E ratio of 24.06, a price-to-earnings-growth ratio of 1.66 and a beta of 1.36. Genpact Limited has a 12-month low of $37.68 and a 12-month high of $54.03. The company has a quick ratio of 1.43, a current ratio of 1.43 and a debt-to-equity ratio of 0.68.

Genpact (NYSE:GGet Rating) last issued its earnings results on Thursday, August 4th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.15. The company had revenue of $1.09 billion during the quarter, compared to analyst estimates of $1.07 billion. Genpact had a net margin of 9.03% and a return on equity of 24.48%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. On average, equities analysts expect that Genpact Limited will post 2.37 EPS for the current fiscal year.

Genpact Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be paid a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Thursday, September 8th. Genpact’s dividend payout ratio (DPR) is currently 25.64%.

Genpact Profile

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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: Banking, Capital Markets and Insurance; Consumer Goods, Retail, Life Sciences and Healthcare; and High Tech, Manufacturing and Services.

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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