Vanguard Group Inc. Sells 51,506 Shares of Genpact Limited (NYSE:G)

Vanguard Group Inc. trimmed its position in Genpact Limited (NYSE:G) by 0.3% in the first quarter, HoldingsChannel reports. The firm owned 16,910,990 shares of the business services provider’s stock after selling 51,506 shares during the quarter. Vanguard Group Inc. owned 0.10% of Genpact worth $851,976,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Coppell Advisory Solutions LLC grew its position in shares of Genpact by 529.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider’s stock valued at $25,000 after acquiring an additional 503 shares during the period. Cornerstone Planning Group LLC bought a new position in shares of Genpact during the 1st quarter valued at approximately $27,000. Richardson Financial Services Inc. bought a new position in shares of Genpact during the 1st quarter valued at approximately $35,000. GeoWealth Management LLC grew its position in shares of Genpact by 199.0% during the 4th quarter. GeoWealth Management LLC now owns 876 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 583 shares during the period. Finally, Global X Japan Co. Ltd. bought a new position in shares of Genpact during the 1st quarter valued at approximately $57,000. 96.03% of the stock is owned by institutional investors.

Genpact Stock Performance

NYSE G opened at $43.24 on Tuesday. Genpact Limited has a 1 year low of $36.44 and a 1 year high of $56.76. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.53 and a quick ratio of 2.45. The stock has a market capitalization of $7.56 billion, a PE ratio of 14.37, a P/E/G ratio of 1.65 and a beta of 0.92. The company’s 50 day simple moving average is $43.86 and its two-hundred day simple moving average is $47.10.

Genpact (NYSE:G) last posted its earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.03. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.79 EPS. Analysts predict that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. Genpact’s dividend payout ratio (DPR) is 22.59%.

Wall Street Analyst Weigh In

G has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and set a $53.00 price target (up from $50.00) on shares of Genpact in a research note on Friday. Mizuho upped their price target on shares of Genpact from $48.00 to $51.00 and gave the company a “neutral” rating in a research note on Tuesday, July 1st. Robert W. Baird dropped their price target on shares of Genpact from $56.00 to $50.00 and set a “neutral” rating on the stock in a research note on Thursday, May 8th. Wall Street Zen upgraded shares of Genpact from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genpact in a research note on Thursday, July 17th. They set a “hold” rating and a $47.00 price target on the stock. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $50.13.

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.