Natixis Advisors LLC Sells 57,935 Shares of Genpact Limited $G

Natixis Advisors LLC trimmed its position in Genpact Limited (NYSE:G) by 30.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 134,553 shares of the business services provider’s stock after selling 57,935 shares during the quarter. Natixis Advisors LLC’s holdings in Genpact were worth $6,294,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Qsemble Capital Management LP bought a new position in Genpact in the 4th quarter valued at $3,258,000. JPMorgan Chase & Co. boosted its position in Genpact by 17.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,762,407 shares of the business services provider’s stock valued at $157,609,000 after buying an additional 549,117 shares during the last quarter. Principal Financial Group Inc. lifted its stake in shares of Genpact by 36.3% in the 3rd quarter. Principal Financial Group Inc. now owns 497,105 shares of the business services provider’s stock valued at $20,824,000 after purchasing an additional 132,310 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Genpact by 64.3% in the 3rd quarter. Envestnet Asset Management Inc. now owns 533,566 shares of the business services provider’s stock valued at $22,351,000 after purchasing an additional 208,762 shares during the period. Finally, ProShare Advisors LLC lifted its stake in shares of Genpact by 27.5% in the 3rd quarter. ProShare Advisors LLC now owns 153,260 shares of the business services provider’s stock valued at $6,420,000 after purchasing an additional 33,056 shares during the period. 96.03% of the stock is currently owned by institutional investors.

Genpact Price Performance

G opened at $32.41 on Tuesday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.47. Genpact Limited has a 12 month low of $28.78 and a 12 month high of $48.64. The company has a fifty day simple moving average of $34.06 and a 200 day simple moving average of $39.92. The stock has a market cap of $5.49 billion, a P/E ratio of 9.94, a P/E/G ratio of 0.92 and a beta of 0.59.

Genpact (NYSE:G) last released its quarterly earnings data on Tuesday, March 31st. The business services provider reported $0.98 EPS for the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. The business had revenue of $1.30 billion during the quarter. On average, research analysts expect that Genpact Limited will post 3.64 EPS for the current year.

Genpact Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be given a $0.1875 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.3%. Genpact’s dividend payout ratio is currently 23.01%.

Analysts Set New Price Targets

G has been the topic of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price target on shares of Genpact in a research note on Friday, May 8th. Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Mizuho cut their price target on Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Susquehanna cut their price target on Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Genpact in a research note on Friday, May 8th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Genpact currently has a consensus rating of “Hold” and a consensus price target of $43.29.

About Genpact

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.