Alaska Permanent Fund Corp Trims Stock Position in Genpact Limited (NYSE:G)

Alaska Permanent Fund Corp decreased its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 66.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,093 shares of the business services provider's stock after selling 41,915 shares during the period. Alaska Permanent Fund Corp's holdings in Genpact were worth $732,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of G. AE Wealth Management LLC purchased a new stake in shares of Genpact in the 3rd quarter worth approximately $1,528,000. DAVENPORT & Co LLC bought a new stake in Genpact during the third quarter valued at about $1,125,000. Avior Wealth Management LLC raised its holdings in Genpact by 16.7% during the third quarter. Avior Wealth Management LLC now owns 11,272 shares of the business services provider's stock valued at $408,000 after acquiring an additional 1,617 shares during the period. Exchange Traded Concepts LLC raised its holdings in Genpact by 22.6% during the third quarter. Exchange Traded Concepts LLC now owns 16,538 shares of the business services provider's stock valued at $599,000 after acquiring an additional 3,047 shares during the period. Finally, Ballentine Partners LLC raised its holdings in Genpact by 32.8% during the third quarter. Ballentine Partners LLC now owns 7,184 shares of the business services provider's stock valued at $260,000 after acquiring an additional 1,775 shares during the period. Institutional investors own 96.03% of the company's stock.

Genpact Trading Up 0.7 %

Shares of Genpact stock traded up $0.21 on Friday, hitting $30.90. 1,665,661 shares of the company traded hands, compared to its average volume of 1,533,887. The stock's 50 day moving average price is $33.17 and its 200-day moving average price is $34.16. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.37. Genpact Limited has a 52 week low of $29.41 and a 52 week high of $44.63. The company has a market cap of $5.57 billion, a PE ratio of 8.94, a PEG ratio of 1.49 and a beta of 1.07.

Genpact (NYSE:G - Get Free Report) last issued its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.68 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.03. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.12 billion. Genpact had a net margin of 14.10% and a return on equity of 23.19%. Equities research analysts predict that Genpact Limited will post 2.7 EPS for the current year.

Genpact Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Monday, March 11th were issued a $0.153 dividend. This is a positive change from Genpact's previous quarterly dividend of $0.14. This represents a $0.61 annualized dividend and a yield of 1.98%. The ex-dividend date of this dividend was Friday, March 8th. Genpact's payout ratio is currently 17.78%.

Analyst Upgrades and Downgrades

G has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. raised their price target on Genpact from $42.00 to $43.00 and gave the company an "underweight" rating in a report on Friday, February 9th. StockNews.com lowered Genpact from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 5th. Mizuho assumed coverage on Genpact in a research report on Tuesday, January 30th. They set a "neutral" rating and a $40.00 price objective for the company. Citigroup cut their price objective on Genpact from $36.00 to $33.00 and set a "neutral" rating for the company in a research report on Monday. Finally, Needham & Company LLC restated a "buy" rating and set a $40.00 price objective on shares of Genpact in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Genpact currently has a consensus rating of "Hold" and an average target price of $39.78.

About Genpact

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.