Cornercap Investment Counsel Inc. Reduces Holdings in Genpact Limited (NYSE:G)

Cornercap Investment Counsel Inc. trimmed its holdings in Genpact Limited (NYSE:G) by 50.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,773 shares of the business services provider’s stock after selling 16,100 shares during the period. Cornercap Investment Counsel Inc.’s holdings in Genpact were worth $618,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in G. CWM LLC grew its stake in Genpact by 160.8% in the second quarter. CWM LLC now owns 952 shares of the business services provider’s stock worth $31,000 after purchasing an additional 587 shares in the last quarter. Versant Capital Management Inc grew its position in shares of Genpact by 4,717.8% in the 2nd quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock worth $70,000 after acquiring an additional 2,123 shares in the last quarter. Venturi Wealth Management LLC increased its holdings in shares of Genpact by 74.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock valued at $103,000 after acquiring an additional 1,121 shares during the last quarter. Massmutual Trust Co. FSB ADV raised its position in shares of Genpact by 54.3% during the 2nd quarter. Massmutual Trust Co. FSB ADV now owns 2,797 shares of the business services provider’s stock valued at $90,000 after acquiring an additional 984 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Genpact by 221.3% during the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock worth $131,000 after purchasing an additional 2,293 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

G has been the subject of a number of recent research reports. TD Cowen boosted their price objective on shares of Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Jefferies Financial Group upped their price objective on Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Robert W. Baird increased their price objective on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Needham & Company LLC lifted their price target on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 11th. Finally, BMO Capital Markets boosted their price target on Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Monday, August 12th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $42.33.

Genpact Trading Down 0.8 %

Shares of NYSE G opened at $44.76 on Friday. The business has a 50-day moving average price of $39.74 and a two-hundred day moving average price of $36.02. The company has a current ratio of 1.85, a quick ratio of 1.89 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $7.98 billion, a PE ratio of 12.30, a PEG ratio of 1.63 and a beta of 1.13. Genpact Limited has a one year low of $30.23 and a one year high of $47.98.

Genpact Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date is Monday, December 9th. Genpact’s dividend payout ratio (DPR) is presently 16.76%.

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.