National Bank of Canada FI Lowers Position in Genpact Limited (NYSE:G)

National Bank of Canada FI decreased its holdings in shares of Genpact Limited (NYSE:G) by 97.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 10,134 shares of the business services provider’s stock after selling 355,786 shares during the period. National Bank of Canada FI’s holdings in Genpact were worth $324,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of G. Vanguard Group Inc. raised its stake in Genpact by 1.3% in the first quarter. Vanguard Group Inc. now owns 17,172,839 shares of the business services provider’s stock valued at $565,845,000 after buying an additional 218,526 shares during the last quarter. Fiduciary Management Inc. WI grew its position in Genpact by 8.5% during the 4th quarter. Fiduciary Management Inc. WI now owns 7,971,692 shares of the business services provider’s stock worth $276,697,000 after purchasing an additional 623,794 shares during the last quarter. FIL Ltd increased its stake in Genpact by 16.8% during the 4th quarter. FIL Ltd now owns 5,041,842 shares of the business services provider’s stock valued at $175,002,000 after purchasing an additional 725,198 shares in the last quarter. Franklin Resources Inc. raised its holdings in shares of Genpact by 6.6% in the fourth quarter. Franklin Resources Inc. now owns 3,448,806 shares of the business services provider’s stock worth $119,708,000 after buying an additional 214,986 shares during the last quarter. Finally, Capital International Investors lifted its stake in shares of Genpact by 51.8% during the first quarter. Capital International Investors now owns 3,086,957 shares of the business services provider’s stock worth $101,715,000 after buying an additional 1,053,236 shares during the period. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Up 2.1 %

G stock opened at $39.29 on Friday. The firm’s fifty day moving average is $35.84 and its 200 day moving average is $33.74. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.89. Genpact Limited has a one year low of $29.41 and a one year high of $39.95. The firm has a market cap of $7.00 billion, a PE ratio of 11.23, a P/E/G ratio of 1.62 and a beta of 1.13.

Genpact (NYSE:G) last released its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Genpact had a return on equity of 22.28% and a net margin of 14.12%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. On average, research analysts forecast that Genpact Limited will post 2.85 EPS for the current year.

Genpact Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be given a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Wednesday, September 11th. Genpact’s dividend payout ratio is presently 17.43%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on G. JPMorgan Chase & Co. upped their target price on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. TD Cowen raised their price objective on Genpact from $35.00 to $36.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. BMO Capital Markets upped their target price on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. Jefferies Financial Group lifted their price objective on shares of Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 9th. Finally, Needham & Company LLC raised their target price on shares of Genpact from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Eight investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $38.78.

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.