Pacer Advisors Inc. Reduces Stock Position in Genpact Limited (NYSE:G)

Pacer Advisors Inc. trimmed its position in Genpact Limited (NYSE:G - Free Report) by 77.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,768 shares of the business services provider's stock after selling 29,447 shares during the quarter. Pacer Advisors Inc.'s holdings in Genpact were worth $442,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Coppell Advisory Solutions LLC grew its position in Genpact by 529.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock worth $25,000 after buying an additional 503 shares during the last quarter. Atlas Capital Advisors Inc. increased its stake in shares of Genpact by 55.8% in the fourth quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider's stock worth $26,000 after acquiring an additional 216 shares during the last quarter. Cornerstone Planning Group LLC purchased a new stake in shares of Genpact during the first quarter worth $27,000. Richardson Financial Services Inc. bought a new stake in shares of Genpact in the 1st quarter valued at approximately $35,000. Finally, GeoWealth Management LLC raised its holdings in shares of Genpact by 199.0% during the 4th quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock valued at $38,000 after purchasing an additional 583 shares in the last quarter. Institutional investors own 96.03% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of Genpact in a research note on Thursday, July 17th. They issued a "hold" rating and a $47.00 target price on the stock. Mizuho raised their price objective on shares of Genpact from $48.00 to $51.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. 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. Wall Street Zen raised Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Finally, Needham & Company LLC reissued a "buy" rating and issued a $50.00 price target on shares of Genpact in a research note on Monday, June 30th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $49.75.

Insider Activity at Genpact

In related news, Director Nicholas C. Gangestad acquired 2,000 shares of the company's stock in a transaction dated Tuesday, May 13th. The stock was bought at an average cost of $43.97 per share, with a total value of $87,940.00. Following the acquisition, the director owned 2,000 shares of the company's stock, valued at approximately $87,940. The trade was a ∞ increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 3.07% of the company's stock.

Genpact Price Performance

Shares of NYSE:G opened at $42.44 on Friday. 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 $43.97 and its 200-day moving average is $47.19. Genpact Limited has a twelve month low of $32.18 and a twelve month high of $56.76. The firm has a market capitalization of $7.42 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.67 and a beta of 0.92.

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

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. 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.

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