Wellington Management Group LLP Sells 90,052 Shares of Genpact Limited (NYSE:G)

Wellington Management Group LLP lessened its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 18.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 391,989 shares of the business services provider's stock after selling 90,052 shares during the quarter. Wellington Management Group LLP owned approximately 0.22% of Genpact worth $16,836,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. SG Americas Securities LLC bought a new stake in shares of Genpact during the fourth quarter worth approximately $238,000. Blue Trust Inc. boosted its holdings in shares of Genpact by 8.7% during the fourth quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider's stock worth $217,000 after acquiring an additional 441 shares during the period. KBC Group NV bought a new stake in shares of Genpact during the fourth quarter worth approximately $298,000. Caprock Group LLC boosted its holdings in shares of Genpact by 22.9% during the fourth quarter. Caprock Group LLC now owns 11,938 shares of the business services provider's stock worth $513,000 after acquiring an additional 2,222 shares during the period. Finally, Sylvest Advisors LLC bought a new stake in shares of Genpact during the fourth quarter worth approximately $737,000. Institutional investors and hedge funds own 96.03% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on G. Robert W. Baird cut their price target on Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Needham & Company LLC cut their price target on Genpact from $55.00 to $50.00 and set a "buy" rating for the company in a research note on Thursday, May 8th. Mizuho boosted their price target on Genpact from $45.00 to $55.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Finally, TD Cowen upgraded Genpact from a "hold" rating to a "buy" rating and boosted their price target for the company from $45.00 to $60.00 in a research note on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $50.71.

Genpact Price Performance

NYSE G traded down $0.54 on Thursday, hitting $42.08. 1,348,138 shares of the company's stock were exchanged, compared to its average volume of 1,373,799. The stock has a 50-day moving average of $46.13 and a 200-day moving average of $47.22. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact Limited has a 52 week low of $30.38 and a 52 week high of $56.76. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 14.82, a P/E/G ratio of 1.84 and a beta of 1.02.

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 for the quarter, topping the consensus estimate of $0.80 by $0.04. Genpact had a return on equity of 22.50% and a net margin of 10.77%. The firm had revenue of $1.21 billion during the quarter, compared to analysts' expectations of $1.21 billion. During the same period in the prior year, the company earned $0.73 earnings per share. The company's quarterly revenue was up 7.4% on a year-over-year basis. Analysts expect that Genpact Limited will post 3.21 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Nicholas C. Gangestad purchased 2,000 shares of the stock in a transaction dated Tuesday, May 13th. The stock was bought at an average cost of $43.97 per share, for a total transaction of $87,940.00. Following the completion of the acquisition, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Balkrishan Kalra sold 13,600 shares of the company's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $48.89, for a total transaction of $664,904.00. Following the transaction, the chief executive officer now owns 310,246 shares of the company's stock, valued at $15,167,926.94. This trade represents a 4.20% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.07% of the company's stock.

Genpact Company 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.