Johnson Investment Counsel Inc. Sells 26,170 Shares of Genpact Limited (NYSE:G)

Johnson Investment Counsel Inc. decreased its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 32.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,290 shares of the business services provider's stock after selling 26,170 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in Genpact were worth $2,685,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Genpact by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 16,962,496 shares of the business services provider's stock valued at $728,539,000 after acquiring an additional 61,376 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Genpact by 18.1% in the 4th quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider's stock worth $423,205,000 after purchasing an additional 1,511,790 shares in the last quarter. Franklin Resources Inc. raised its position in Genpact by 1.3% in the fourth quarter. Franklin Resources Inc. now owns 4,203,956 shares of the business services provider's stock valued at $180,560,000 after purchasing an additional 55,771 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Genpact by 5.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,848,449 shares of the business services provider's stock valued at $165,288,000 after purchasing an additional 208,759 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Genpact by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 3,825,344 shares of the business services provider's stock worth $170,175,000 after purchasing an additional 133,938 shares during the last quarter. Institutional investors own 96.03% of the company's stock.

Insider Buying and Selling

In other news, Director Nicholas C. Gangestad purchased 2,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The shares were purchased at an average price of $43.97 per share, with a total value of $87,940.00. Following the transaction, the director now directly owns 2,000 shares of the company's stock, valued at approximately $87,940. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.80% of the stock is currently owned by corporate insiders.

Genpact Stock Up 1.7%

NYSE G traded up $0.69 on Tuesday, reaching $42.19. The company had a trading volume of 1,859,963 shares, compared to its average volume of 1,396,837. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.48. The company's fifty day moving average is $44.96 and its 200 day moving average is $46.99. Genpact Limited has a 52-week low of $30.38 and a 52-week high of $56.76. The stock has a market capitalization of $7.38 billion, a P/E ratio of 14.40, a P/E/G ratio of 1.54 and a beta of 0.94.

Genpact (NYSE:G - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.04. Genpact had a net margin of 10.88% and a return on equity of 22.35%. The business had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.21 billion. During the same period in the prior year, the firm posted $0.73 EPS. The firm's quarterly revenue was up 7.4% compared to the same quarter last year. Sell-side analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, June 18th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.68 annualized dividend and a yield of 1.61%. Genpact's payout ratio is currently 23.21%.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Robert W. Baird reduced their price objective on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Needham & Company LLC lowered their price objective on Genpact from $55.00 to $50.00 and set a "buy" rating for the company in a research report on Thursday, May 8th. Finally, Wall Street Zen upgraded Genpact from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Genpact currently has a consensus rating of "Moderate Buy" and an average target price of $50.71.

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.