Genpact Limited (NYSE:G) Shares Sold by Barclays PLC

Barclays PLC trimmed its stake in shares of Genpact Limited (NYSE:G) by 35.5% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 49,504 shares of the business services provider’s stock after selling 27,232 shares during the quarter. Barclays PLC’s holdings in Genpact were worth $1,942,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. MML Investors Services LLC lifted its position in shares of Genpact by 31.4% in the third quarter. MML Investors Services LLC now owns 12,058 shares of the business services provider’s stock valued at $473,000 after acquiring an additional 2,879 shares in the last quarter. Orion Portfolio Solutions LLC purchased a new position in Genpact in the 3rd quarter valued at $211,000. National Bank of Canada FI boosted its stake in Genpact by 759.9% during the 3rd quarter. National Bank of Canada FI now owns 87,141 shares of the business services provider’s stock worth $3,417,000 after purchasing an additional 77,007 shares during the last quarter. EP Wealth Advisors LLC purchased a new stake in shares of Genpact during the third quarter worth $308,000. Finally, Stifel Financial Corp acquired a new stake in shares of Genpact in the third quarter valued at about $1,197,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Genpact Stock Performance

NYSE G opened at $43.14 on Friday. The stock has a market cap of $7.61 billion, a PE ratio of 11.85, a P/E/G ratio of 1.56 and a beta of 1.17. Genpact Limited has a twelve month low of $30.23 and a twelve month high of $47.98. The stock has a fifty day simple moving average of $42.96 and a 200-day simple moving average of $38.33. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend was Monday, December 9th. Genpact’s dividend payout ratio is presently 16.76%.

Wall Street Analyst Weigh In

G has been the subject of several research reports. JPMorgan Chase & Co. upped their price objective on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Jefferies Financial Group upped their price target on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Needham & Company LLC lifted their price objective on Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Robert W. Baird upped their target price on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Finally, TD Cowen lifted their price target on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, Genpact presently has an average rating of “Hold” and an average price target of $42.33.

Insider Activity

In related news, CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $44.60, for a total transaction of $606,560.00. Following the completion of the transaction, the chief executive officer now directly owns 267,404 shares in the company, valued at $11,926,218.40. This trade represents a 4.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last three months, insiders have sold 23,058 shares of company stock valued at $1,044,715. Company insiders own 2.80% of the company’s stock.

About Genpact

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.