Mutual of America Capital Management LLC Sells 2,886 Shares of Genpact Limited (NYSE:G)

Mutual of America Capital Management LLC decreased its holdings in Genpact Limited (NYSE:G) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 85,709 shares of the business services provider’s stock after selling 2,886 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Genpact were worth $3,681,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SRH Advisors LLC acquired a new stake in shares of Genpact in the 4th quarter valued at $26,000. Manchester Capital Management LLC acquired a new stake in shares of Genpact in the 4th quarter valued at $38,000. UMB Bank n.a. increased its stake in shares of Genpact by 55.7% in the 4th quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock valued at $52,000 after buying an additional 433 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Genpact by 74.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock valued at $103,000 after buying an additional 1,121 shares during the period. Finally, Versant Capital Management Inc increased its stake in shares of Genpact by 17.0% in the 4th quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider’s stock valued at $136,000 after buying an additional 461 shares during the period. 96.03% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, SVP Piyush Mehta sold 12,000 shares of the company’s 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. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Balkrishan Kalra sold 13,600 shares of the company’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $44.60, for a total value of $606,560.00. Following the sale, the chief executive officer now owns 267,404 shares in the company, valued at $11,926,218.40. The trade was a 4.84 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

G has been the subject of a number of analyst reports. TD Cowen raised Genpact from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $45.00 to $60.00 in a research note on Friday, February 7th. Mizuho lifted their price objective on Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Jefferies Financial Group raised Genpact from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $44.00 to $55.00 in a research note on Tuesday, January 21st. Robert W. Baird lifted their price objective on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC lifted their price objective on Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Genpact currently has a consensus rating of “Hold” and an average target price of $48.44.

Genpact Stock Down 0.5 %

NYSE:G opened at $52.01 on Thursday. Genpact Limited has a 1 year low of $30.23 and a 1 year high of $56.76. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 18.31, a PEG ratio of 1.84 and a beta of 1.20. The stock has a 50-day moving average price of $48.39 and a two-hundred day moving average price of $43.66.

Genpact (NYSE:G) last posted its earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.50%. As a group, equities analysts expect that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.31%. This is a positive change from Genpact’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Tuesday, March 11th. Genpact’s payout ratio is 23.94%.

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.