Advisor Group Holdings Inc. Has $667,000 Stock Holdings in Genpact Limited (NYSE:G)

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Advisor Group Holdings Inc. decreased its position in shares of Genpact Limited (NYSE:GGet Rating) by 48.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 15,320 shares of the business services provider’s stock after selling 14,422 shares during the quarter. Advisor Group Holdings Inc.’s holdings in Genpact were worth $667,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. acquired a new position in Genpact during the 4th quarter worth $287,000. JLB & Associates Inc. lifted its stake in shares of Genpact by 2.1% in the 1st quarter. JLB & Associates Inc. now owns 40,864 shares of the business services provider’s stock valued at $1,777,000 after purchasing an additional 848 shares during the period. WINTON GROUP Ltd acquired a new position in shares of Genpact in the 4th quarter valued at $608,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Genpact by 2.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 939,148 shares of the business services provider’s stock valued at $49,850,000 after purchasing an additional 26,132 shares during the period. Finally, Exchange Traded Concepts LLC acquired a new position in shares of Genpact in the 1st quarter valued at $701,000. Institutional investors and hedge funds own 95.82% of the company’s stock.

Insider Activity at Genpact

In other Genpact news, SVP Kathryn Vanpelt Stein sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $47.71, for a total transaction of $1,431,300.00. Following the completion of the sale, the senior vice president now directly owns 98,223 shares in the company, valued at $4,686,219.33. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Genpact news, SVP Heather White sold 15,000 shares of the firm’s stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $48.36, for a total transaction of $725,400.00. Following the completion of the sale, the senior vice president now directly owns 30,587 shares in the company, valued at $1,479,187.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Kathryn Vanpelt Stein sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $47.71, for a total transaction of $1,431,300.00. Following the sale, the senior vice president now owns 98,223 shares of the company’s stock, valued at $4,686,219.33. The disclosure for this sale can be found here. 2.67% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

G has been the subject of a number of recent analyst reports. Citigroup lowered their price objective on shares of Genpact from $55.00 to $52.00 and set a “buy” rating for the company in a research report on Wednesday, July 20th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Genpact from $55.00 to $48.00 in a research report on Friday, May 6th. Finally, StockNews.com cut shares of Genpact from a “strong-buy” rating to a “buy” rating in a research report on Thursday, May 12th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $53.00.

Genpact Price Performance

Shares of NYSE G opened at $46.62 on Friday. The stock has a market capitalization of $8.55 billion, a price-to-earnings ratio of 25.90, a PEG ratio of 1.62 and a beta of 1.36. The business has a 50-day moving average of $45.53 and a 200-day moving average of $43.75. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.58. Genpact Limited has a fifty-two week low of $37.68 and a fifty-two week high of $54.03.

Genpact (NYSE:GGet Rating) last announced its quarterly earnings data on Thursday, August 4th. The business services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.15. The company had revenue of $1.09 billion during the quarter, compared to analysts’ expectations of $1.07 billion. Genpact had a return on equity of 22.29% and a net margin of 8.09%. Genpact’s revenue for the quarter was up 10.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.56 EPS. As a group, sell-side analysts predict that Genpact Limited will post 2.4 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Investors of record on Friday, September 9th will be paid a $0.125 dividend. The ex-dividend date is Thursday, September 8th. This represents a $0.50 annualized dividend and a yield of 1.07%. Genpact’s dividend payout ratio (DPR) is currently 27.78%.

About Genpact

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Genpact Limited provides business process outsourcing and information technology (IT) services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Banking, Capital Markets and Insurance; Consumer Goods, Retail, Life Sciences and Healthcare; and High Tech, Manufacturing and Services.

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