Inspire Investing LLC Trims Stock Position in Genpact Limited (NYSE:G)

Inspire Investing LLC trimmed its holdings in Genpact Limited (NYSE:G) by 6.9% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 34,692 shares of the business services provider’s stock after selling 2,585 shares during the period. Inspire Investing LLC’s holdings in Genpact were worth $1,490,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in G. Jensen Investment Management Inc. boosted its position in shares of Genpact by 6.4% during the 3rd quarter. Jensen Investment Management Inc. now owns 189,985 shares of the business services provider’s stock worth $7,449,000 after purchasing an additional 11,410 shares during the period. Stifel Financial Corp purchased a new position in shares of Genpact during the third quarter worth $1,197,000. Burney Co. boosted its position in shares of Genpact by 242.8% during the fourth quarter. Burney Co. now owns 130,798 shares of the business services provider’s stock worth $5,618,000 after buying an additional 92,641 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Genpact by 192.8% in the third quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock valued at $122,701,000 after buying an additional 2,060,595 shares in the last quarter. Finally, HighTower Advisors LLC purchased a new stake in shares of Genpact in the 3rd quarter valued at $232,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insider Activity

In other news, SVP Piyush Mehta sold 12,000 shares of Genpact stock in a transaction dated Friday, January 10th. The stock was sold at an average price of $42.83, for a total transaction of $513,960.00. Following the sale, the senior vice president now owns 151,182 shares in the company, valued at approximately $6,475,125.06. The trade was a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction that occurred on Friday, December 13th. The stock was sold at an average price of $44.60, for a total value of $606,560.00. Following the transaction, the chief executive officer now owns 267,404 shares in the company, valued at $11,926,218.40. This represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 35,058 shares of company stock worth $1,558,675. 2.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on G shares. Jefferies Financial Group upgraded Genpact from a “hold” rating to a “buy” rating and raised their target price for the company from $44.00 to $55.00 in a report on Tuesday. Needham & Company LLC lifted their price objective on shares of Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 11th. Robert W. Baird upped their target price on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, TD Cowen raised their price target on shares of Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Genpact currently has a consensus rating of “Hold” and an average target price of $44.00.

Genpact Trading Up 0.8 %

NYSE G opened at $46.17 on Friday. Genpact Limited has a 52 week low of $30.23 and a 52 week high of $47.98. The firm has a 50 day moving average of $44.39 and a two-hundred day moving average of $40.02. The stock has a market capitalization of $8.14 billion, a PE ratio of 12.68, a price-to-earnings-growth ratio of 1.52 and a beta of 1.18. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50.

Genpact (NYSE:G) last issued its earnings results on Thursday, November 7th. The business services provider reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.71 by $0.04. Genpact had a net margin of 14.22% and a return on equity of 21.85%. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.19 billion. During the same quarter in the previous year, the firm posted $0.67 earnings per share. As a group, research analysts expect that Genpact Limited will post 2.95 EPS for the current fiscal year.

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.