Genpact Limited (NYSE:G) Position Trimmed by US Bancorp DE

US Bancorp DE decreased its holdings in shares of Genpact Limited (NYSE:G) by 3.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,685 shares of the business services provider’s stock after selling 380 shares during the period. US Bancorp DE’s holdings in Genpact were worth $488,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC bought a new stake in Genpact in the first quarter worth about $27,000. Coppell Advisory Solutions LLC raised its position in Genpact by 529.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider’s stock worth $25,000 after acquiring an additional 503 shares in the last quarter. Richardson Financial Services Inc. bought a new stake in Genpact in the first quarter worth about $35,000. GeoWealth Management LLC raised its position in Genpact by 199.0% in the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider’s stock worth $38,000 after acquiring an additional 583 shares in the last quarter. Finally, Global X Japan Co. Ltd. bought a new stake in Genpact in the first quarter worth about $57,000. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Performance

Genpact stock opened at $43.31 on Wednesday. The stock has a 50-day simple moving average of $43.87 and a 200 day simple moving average of $47.07. The company has a quick ratio of 2.45, a current ratio of 1.53 and a debt-to-equity ratio of 0.32. Genpact Limited has a 12-month low of $36.79 and a 12-month high of $56.76. The stock has a market capitalization of $7.57 billion, a price-to-earnings ratio of 14.39, a P/E/G ratio of 1.54 and a beta of 0.92.

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

Genpact Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages have commented on G. Needham & Company LLC reiterated a “buy” rating and issued a $53.00 price target (up from $50.00) on shares of Genpact in a research report on Friday, August 8th. Wall Street Zen upgraded Genpact from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. Robert W. Baird cut their price objective on Genpact from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft began coverage on Genpact in a report on Thursday, July 17th. They set a “hold” rating and a $47.00 price objective on the stock. Finally, Mizuho boosted their price objective on Genpact from $48.00 to $51.00 and gave the stock a “neutral” rating in a report on Tuesday, July 1st. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $51.29.

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.