Envestnet Portfolio Solutions Inc. Sells 441 Shares of Genpact Limited (NYSE:G)

Envestnet Portfolio Solutions Inc. lowered its holdings in shares of Genpact Limited (NYSE:G) by 6.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,506 shares of the business services provider’s stock after selling 441 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Genpact were worth $279,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Advisors Asset Management Inc. lifted its stake in shares of Genpact by 3.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock valued at $270,000 after purchasing an additional 226 shares during the last quarter. Cerity Partners LLC boosted its stake in Genpact by 136.4% during the third quarter. Cerity Partners LLC now owns 17,935 shares of the business services provider’s stock worth $703,000 after buying an additional 10,349 shares during the period. Centaurus Financial Inc. bought a new position in Genpact during the third quarter valued at $159,000. BNP Paribas Financial Markets raised its stake in shares of Genpact by 78.8% in the third quarter. BNP Paribas Financial Markets now owns 47,957 shares of the business services provider’s stock valued at $1,880,000 after acquiring an additional 21,140 shares during the period. Finally, Glenmede Trust Co. NA lifted its holdings in shares of Genpact by 2.2% in the 3rd quarter. Glenmede Trust Co. NA now owns 43,156 shares of the business services provider’s stock worth $1,692,000 after acquiring an additional 926 shares during the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Genpact Stock Performance

Shares of Genpact stock opened at $50.76 on Friday. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $56.76. The stock’s fifty day moving average price is $50.74 and its 200-day moving average price is $44.94. The firm has a market cap of $8.92 billion, a P/E ratio of 17.87, a P/E/G ratio of 1.84 and a beta of 1.16. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50.

Genpact (NYSE:G) last released its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.82 earnings per share (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%. On average, equities research analysts expect that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, March 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.34%. This is an increase from Genpact’s previous quarterly dividend of $0.15. Genpact’s dividend payout ratio (DPR) is presently 23.94%.

Insider Buying and Selling at Genpact

In other Genpact news, SVP Piyush Mehta sold 12,000 shares of the 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 completion of the sale, the senior vice president now directly owns 151,182 shares in the company, valued at approximately $6,475,125.06. This trade represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, 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 value of $664,904.00. Following the completion of the sale, the chief executive officer now directly owns 310,246 shares of the company’s stock, valued at approximately $15,167,926.94. This represents a 4.20 % decrease in their position. The disclosure for this sale can be found here. 2.80% of the stock is owned by insiders.

Genpact Company 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.