Wellington Management Group LLP Sells 2,638,587 Shares of Genpact Limited (NYSE:G)

Wellington Management Group LLP trimmed its position in shares of Genpact Limited (NYSE:G) by 21.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,926,185 shares of the business services provider’s stock after selling 2,638,587 shares during the period. Wellington Management Group LLP owned 5.48% of Genpact worth $344,538,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of G. First Trust Advisors LP lifted its stake in shares of Genpact by 290.8% during the 4th quarter. First Trust Advisors LP now owns 3,071,231 shares of the business services provider’s stock valued at $106,602,000 after buying an additional 2,285,310 shares in the last quarter. Norges Bank purchased a new stake in shares of Genpact during the fourth quarter worth $68,683,000. FMR LLC boosted its holdings in shares of Genpact by 8.1% in the third quarter. FMR LLC now owns 17,644,694 shares of the business services provider’s stock worth $638,738,000 after acquiring an additional 1,327,435 shares during the period. FIL Ltd grew its position in shares of Genpact by 16.8% in the fourth quarter. FIL Ltd now owns 5,041,842 shares of the business services provider’s stock valued at $175,002,000 after purchasing an additional 725,198 shares in the last quarter. Finally, Fiduciary Management Inc. WI raised its stake in shares of Genpact by 8.5% during the 4th quarter. Fiduciary Management Inc. WI now owns 7,971,692 shares of the business services provider’s stock valued at $276,697,000 after purchasing an additional 623,794 shares during the period. 96.03% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director N. V. Tyagarajan sold 1,000 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $33.17, for a total value of $33,170.00. Following the completion of the sale, the director now owns 7,300 shares of the company’s stock, valued at approximately $242,141. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.80% of the stock is owned by corporate insiders.

Genpact Stock Up 0.6 %

G opened at $31.14 on Tuesday. The business’s fifty day simple moving average is $32.38 and its 200 day simple moving average is $33.77. Genpact Limited has a 52 week low of $29.41 and a 52 week high of $39.58. The company has a quick ratio of 1.54, a current ratio of 1.54 and a debt-to-equity ratio of 0.36. The stock has a market cap of $5.60 billion, a PE ratio of 8.90, a P/E/G ratio of 1.45 and a beta of 1.12.

Genpact (NYSE:G) last posted its quarterly earnings data on Thursday, May 9th. The business services provider reported $0.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.06. The firm had revenue of $1.13 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Genpact had a return on equity of 22.71% and a net margin of 14.21%. As a group, research analysts expect that Genpact Limited will post 2.7 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 26th. Stockholders of record on Monday, June 10th will be issued a $0.153 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.97%. Genpact’s payout ratio is 17.43%.

Wall Street Analysts Forecast Growth

G has been the subject of a number of recent analyst reports. Citigroup reduced their target price on Genpact from $36.00 to $33.00 and set a “neutral” rating for the company in a 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. BMO Capital Markets cut their price target on shares of Genpact from $39.00 to $38.00 and set a “market perform” rating for the company in a report on Friday, May 10th. Wedbush reaffirmed a “neutral” rating and issued a $35.00 price target on shares of Genpact in a report on Friday, May 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $40.00 price objective on shares of Genpact in a research note on Friday, May 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $38.00.

Genpact 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.