Jensen Investment Management Inc. Sells 52,750 Shares of Genpact Limited (NYSE:G)

Key Points

• Jensen Investment Management Inc. reduced its stake in Genpact Limited by 27.0%, now holding 142,735 shares valued at approximately $7.19 million.
• Genpact's average analyst rating is "Moderate Buy", with a target price of $49.75 following several upgrades and downgrades from different research firms.
• The company announced a quarterly dividend of $0.17 per share, resulting in an annualized yield of 1.6% and a payout ratio of 23.21%.

Jensen Investment Management Inc. trimmed its position in Genpact Limited (NYSE:G - Free Report) by 27.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 142,735 shares of the business services provider's stock after selling 52,750 shares during the quarter. Jensen Investment Management Inc. owned approximately 0.08% of Genpact worth $7,191,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Cornerstone Planning Group LLC bought a new stake in shares of Genpact during the first quarter valued at about $27,000. Coppell Advisory Solutions LLC lifted its stake in shares of Genpact by 529.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock worth $25,000 after acquiring an additional 503 shares during the period. Richardson Financial Services Inc. bought a new position in shares of Genpact in the first quarter valued at approximately $35,000. GeoWealth Management LLC increased its stake in shares of Genpact by 199.0% during the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock valued at $38,000 after acquiring an additional 583 shares during the period. Finally, Global X Japan Co. Ltd. acquired a new stake in Genpact in the first quarter worth approximately $57,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have recently commented on G. Mizuho raised their target price on Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Wall Street Zen raised Genpact from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Deutsche Bank Aktiengesellschaft began coverage on Genpact in a report on Thursday, July 17th. They issued a "hold" rating and a $47.00 price objective on the stock. Robert W. Baird decreased their target price on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $50.00 price objective on shares of Genpact in a research note on Monday, June 30th. Five 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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $49.75.

Insider Buying and Selling at Genpact

In related news, Director Nicholas C. Gangestad purchased 2,000 shares of the firm's stock in a transaction dated Tuesday, May 13th. The stock was bought at an average price of $43.97 per share, for a total transaction of $87,940.00. Following the purchase, the director directly owned 2,000 shares in the company, valued at approximately $87,940. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 3.07% of the stock is owned by insiders.

Genpact Trading Down 0.5%

G traded down $0.19 during trading on Wednesday, reaching $42.18. 2,756,691 shares of the stock traded hands, compared to its average volume of 1,379,195. 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 stock's 50-day moving average is $43.88 and its 200 day moving average is $47.14. Genpact Limited has a 12 month low of $32.18 and a 12 month high of $56.76. The stock has a market capitalization of $7.38 billion, a PE ratio of 14.39, a P/E/G ratio of 1.61 and a beta of 0.92.

Genpact (NYSE:G - Get Free Report) last released its earnings results on Wednesday, May 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.21 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter in the previous year, the company earned $0.73 EPS. Genpact's quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, September 11th. Genpact's payout ratio is presently 23.21%.

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.