Genpact Limited (NYSE:G) Shares Sold by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. trimmed its stake in shares of Genpact Limited (NYSE:GFree Report) by 12.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,991 shares of the business services provider’s stock after selling 423 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Genpact were worth $104,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Running Oak Capital LLC boosted its position in shares of Genpact by 27.6% in the 4th quarter. Running Oak Capital LLC now owns 201,846 shares of the business services provider’s stock worth $7,006,000 after buying an additional 43,640 shares in the last quarter. New York Life Investment Management LLC acquired a new stake in shares of Genpact in the fourth quarter valued at approximately $620,000. Retirement Systems of Alabama increased its stake in shares of Genpact by 2.3% during the 4th quarter. Retirement Systems of Alabama now owns 428,746 shares of the business services provider’s stock worth $14,882,000 after purchasing an additional 9,448 shares in the last quarter. Russell Investments Group Ltd. raised its position in shares of Genpact by 12.5% during the 4th quarter. Russell Investments Group Ltd. now owns 218,346 shares of the business services provider’s stock worth $7,579,000 after purchasing an additional 24,259 shares during the last quarter. Finally, Truist Financial Corp lifted its stake in Genpact by 162.9% in the 4th quarter. Truist Financial Corp now owns 921,160 shares of the business services provider’s stock valued at $31,973,000 after buying an additional 570,760 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on G. Mizuho started coverage on Genpact in a research report on Tuesday, January 30th. They issued a “neutral” rating and a $40.00 price objective on the stock. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of Genpact in a report on Friday. StockNews.com lowered shares of Genpact from a “strong-buy” rating to a “buy” rating in a research report on Friday, April 5th. Wedbush reaffirmed a “neutral” rating and issued a $35.00 target price on shares of Genpact in a research note on Friday. Finally, JPMorgan Chase & Co. increased their price target on Genpact from $42.00 to $43.00 and gave the stock an “underweight” rating in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $38.33.

Read Our Latest Report on G

Genpact Trading Up 3.6 %

G stock opened at $33.20 on Friday. Genpact Limited has a 52 week low of $29.41 and a 52 week high of $39.75. The company has a market cap of $5.99 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 1.51 and a beta of 1.07. The company has a quick ratio of 1.44, a current ratio of 1.44 and a debt-to-equity ratio of 0.37. The business has a fifty day simple moving average of $32.33 and a 200-day simple moving average of $33.83.

Genpact (NYSE:GGet Free Report) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.65 by $0.03. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.12 billion. Genpact had a return on equity of 23.35% and a net margin of 14.21%. On average, equities research analysts expect that Genpact Limited will post 2.7 EPS for the current year.

Genpact Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Monday, June 10th will be paid a dividend of $0.153 per share. This represents a $0.61 annualized dividend and a yield of 1.84%. The ex-dividend date is Monday, June 10th. Genpact’s dividend payout ratio (DPR) is 17.43%.

Genpact Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Genpact (NYSE:G)

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