Victory Capital Management Inc. Sells 67,653 Shares of Genpact Limited (NYSE:G)

Victory Capital Management Inc. decreased its position in Genpact Limited (NYSE:G - Free Report) by 0.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 8,993,746 shares of the business services provider's stock after selling 67,653 shares during the quarter. Victory Capital Management Inc. owned 4.96% of Genpact worth $312,173,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC acquired a new stake in shares of Genpact in the fourth quarter valued at $43,000. Covestor Ltd increased its holdings in shares of Genpact by 140.2% in the third quarter. Covestor Ltd now owns 1,549 shares of the business services provider's stock valued at $56,000 after purchasing an additional 904 shares in the last quarter. Buck Wealth Strategies LLC lifted its holdings in Genpact by 438.3% during the 3rd quarter. Buck Wealth Strategies LLC now owns 1,825 shares of the business services provider's stock worth $66,000 after buying an additional 1,486 shares in the last quarter. Lindbrook Capital LLC boosted its position in Genpact by 32.0% in the 3rd quarter. Lindbrook Capital LLC now owns 2,604 shares of the business services provider's stock valued at $94,000 after buying an additional 632 shares during the last quarter. Finally, Flynn Zito Capital Management LLC acquired a new stake in shares of Genpact in the 4th quarter valued at $206,000. 96.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on G. Citigroup lowered 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, April 22nd. StockNews.com lowered shares of Genpact from a "strong-buy" rating to a "buy" rating in a report on Friday, April 5th. Mizuho started coverage on Genpact in a report on Tuesday, January 30th. They set a "neutral" rating and a $40.00 target price on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $40.00 target price on shares of Genpact in a report on Friday, February 9th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Genpact from $42.00 to $43.00 and gave the stock an "underweight" rating in a research report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $39.78.

Genpact Stock Down 0.1 %

NYSE G traded down $0.03 on Wednesday, reaching $30.71. The company had a trading volume of 1,203,803 shares, compared to its average volume of 1,530,867. The company's fifty day moving average is $32.86 and its 200-day moving average is $34.01. Genpact Limited has a 1-year low of $29.41 and a 1-year high of $44.58. The firm has a market capitalization of $5.54 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 1.46 and a beta of 1.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.44 and a current ratio of 1.44.

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

Genpact Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were issued a dividend of $0.153 per share. This is a boost from Genpact's previous quarterly dividend of $0.14. The ex-dividend date was Friday, March 8th. This represents a $0.61 annualized dividend and a yield of 1.99%. Genpact's dividend payout ratio is presently 17.78%.

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.