Amalgamated Bank Lowers Stock Holdings in Genpact Limited (NYSE:G)

Amalgamated Bank decreased its position in shares of Genpact Limited (NYSE:G) by 1.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 77,881 shares of the business services provider’s stock after selling 913 shares during the quarter. Amalgamated Bank’s holdings in Genpact were worth $3,345,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Genpact during the third quarter worth $250,000. Stephens Inc. AR purchased a new position in Genpact during the third quarter valued at approximately $511,000. QRG Capital Management Inc. increased its holdings in shares of Genpact by 16.9% during the 3rd quarter. QRG Capital Management Inc. now owns 79,893 shares of the business services provider’s stock valued at $3,133,000 after purchasing an additional 11,550 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new position in Genpact in the third quarter valued at $278,000. Finally, Leeward Investments LLC MA raised its holdings in Genpact by 1.9% in the 3rd quarter. Leeward Investments LLC MA now owns 294,802 shares of the business services provider’s stock worth $11,559,000 after purchasing an additional 5,571 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Genpact Stock Performance

Shares of G opened at $53.22 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16. Genpact Limited has a 1 year low of $30.23 and a 1 year high of $56.76. The stock has a market capitalization of $9.39 billion, a PE ratio of 18.74, a PEG ratio of 1.84 and a beta of 1.20. The stock has a 50-day simple moving average of $48.00 and a 200-day simple moving average of $43.38.

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 the consensus estimate of $0.86 by ($0.04). Genpact had a return on equity of 22.50% and a net margin of 10.77%. On average, analysts predict 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 will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.28%. The ex-dividend date of this dividend is Tuesday, March 11th. This is an increase from Genpact’s previous quarterly dividend of $0.15. Genpact’s payout ratio is currently 23.94%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on G shares. Robert W. Baird upped their price objective on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC lifted their price objective on Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, February 7th. Mizuho lifted their target price on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. TD Cowen raised Genpact from a “hold” rating to a “buy” rating and upped their price target for the company from $45.00 to $60.00 in a research note on Friday, February 7th. Finally, Jefferies Financial Group upgraded shares of Genpact from a “hold” rating to a “buy” rating and upped their price objective for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $48.44.

Insider Activity at Genpact

In other news, SVP Piyush Mehta sold 12,000 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $6,475,125.06. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction on Friday, December 13th. The stock was sold at an average price of $44.60, for a total transaction of $606,560.00. Following the transaction, the chief executive officer now directly owns 267,404 shares in the company, valued at $11,926,218.40. The trade was a 4.84 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

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.