Robeco Institutional Asset Management B.V. decreased its position in shares of Genpact Limited (NYSE:G) by 0.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,977,180 shares of the business services provider’s stock after selling 4,194 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 1.04% of Genpact worth $69,558,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Two Sigma Investments LP raised its stake in shares of Genpact by 87.2% during the fourth quarter. Two Sigma Investments LP now owns 550,574 shares of the business services provider’s stock valued at $14,860,000 after acquiring an additional 256,433 shares in the last quarter. JLB & Associates Inc. purchased a new position in Genpact during the first quarter valued at approximately $242,000. Tygh Capital Management Inc. increased its holdings in Genpact by 7.0% during the first quarter. Tygh Capital Management Inc. now owns 210,494 shares of the business services provider’s stock valued at $7,405,000 after buying an additional 13,787 shares during the period. Westpac Banking Corp purchased a new position in Genpact during the fourth quarter valued at approximately $3,989,000. Finally, Fox Run Management L.L.C. increased its holdings in Genpact by 100.2% during the fourth quarter. Fox Run Management L.L.C. now owns 29,480 shares of the business services provider’s stock valued at $796,000 after buying an additional 14,755 shares during the period. Institutional investors own 94.14% of the company’s stock.
In other news, insider Patrick Cogny sold 9,943 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $33.36, for a total value of $331,698.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider N. V. Tyagarajan sold 150,000 shares of the stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $35.37, for a total transaction of $5,305,500.00. Following the completion of the sale, the insider now directly owns 633,891 shares of the company’s stock, valued at approximately $22,420,724.67. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 10,293,568 shares of company stock valued at $370,541,017. 1.86% of the stock is owned by corporate insiders.
Shares of Genpact stock traded down $0.31 during trading hours on Wednesday, reaching $35.77. The stock had a trading volume of 1,015,615 shares, compared to its average volume of 993,334. The company has a market cap of $6.87 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 1.98 and a beta of 0.87. Genpact Limited has a twelve month low of $25.48 and a twelve month high of $37.70. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.38 and a current ratio of 1.38.
Genpact (NYSE:G) last released its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.07. Genpact had a net margin of 8.91% and a return on equity of 22.33%. The firm had revenue of $809.21 million during the quarter, compared to the consensus estimate of $764.50 million. During the same quarter in the prior year, the firm earned $0.39 EPS. The company’s revenue for the quarter was up 17.5% on a year-over-year basis. Equities research analysts forecast that Genpact Limited will post 1.71 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Investors of record on Wednesday, June 12th will be paid a dividend of $0.085 per share. The ex-dividend date is Tuesday, June 11th. This represents a $0.34 annualized dividend and a yield of 0.95%. Genpact’s dividend payout ratio is presently 21.25%.
Several equities analysts have issued reports on the stock. Zacks Investment Research lowered shares of Genpact from a “buy” rating to a “hold” rating in a report on Thursday, May 9th. ValuEngine raised shares of Genpact from a “hold” rating to a “buy” rating in a report on Friday, March 29th. Cantor Fitzgerald reissued a “buy” rating and set a $36.00 price objective on shares of Genpact in a report on Sunday, March 3rd. Royal Bank of Canada lowered shares of Genpact from an “outperform” rating to a “sector perform” rating and set a $33.50 price objective on the stock. in a report on Tuesday, February 26th. Finally, Wells Fargo & Co raised shares of Genpact from a “market perform” rating to an “outperform” rating and set a $33.25 price objective on the stock in a report on Friday, March 8th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Genpact currently has a consensus rating of “Buy” and an average price target of $33.97.
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Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; invoice-to-cash services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.
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