M&T Bank Corp Sells 365 Shares of Genpact Limited (NYSE:G)

M&T Bank Corp lessened its position in shares of Genpact Limited (NYSE:G) by 6.9% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,897 shares of the business services provider’s stock after selling 365 shares during the quarter. M&T Bank Corp’s holdings in Genpact were worth $211,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Advisors Asset Management Inc. increased its position in Genpact by 3.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock valued at $270,000 after purchasing an additional 226 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of Genpact by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 5,692 shares of the business services provider’s stock worth $244,000 after buying an additional 297 shares in the last quarter. Tealwood Asset Management Inc. boosted its holdings in shares of Genpact by 1.4% during the 4th quarter. Tealwood Asset Management Inc. now owns 24,658 shares of the business services provider’s stock worth $1,059,000 after buying an additional 339 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Genpact by 55.7% during the 4th quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock worth $52,000 after buying an additional 433 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in shares of Genpact by 8.7% during the 4th quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider’s stock worth $217,000 after buying an additional 441 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insider Activity

In related 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 value of $513,960.00. Following the completion of the sale, the senior vice president now owns 151,182 shares of the company’s stock, valued at approximately $6,475,125.06. This trade represents a 7.35 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $48.89, for a total value of $664,904.00. Following the completion of the sale, the chief executive officer now directly owns 310,246 shares of the company’s stock, valued at approximately $15,167,926.94. This trade represents a 4.20 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

Genpact Price Performance

Shares of NYSE:G opened at $50.12 on Friday. 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’s fifty day simple moving average is $49.57 and its two-hundred day simple moving average is $44.27. Genpact Limited has a 1-year low of $30.23 and a 1-year high of $56.76. The stock has a market cap of $8.80 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.84 and a beta of 1.16.

Genpact (NYSE:G) last announced its earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate 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, analysts forecast that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This is a positive change from Genpact’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.36%. Genpact’s dividend payout ratio (DPR) is currently 23.94%.

Analysts Set New Price Targets

G has been the topic of a number of research analyst reports. Mizuho increased their price target on Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a report on Monday, February 10th. TD Cowen upgraded Genpact from a “hold” rating to a “buy” rating and increased their price target for the stock from $45.00 to $60.00 in a report on Friday, February 7th. Needham & Company LLC increased their price target on Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, February 7th. Finally, Jefferies Financial Group upgraded Genpact from a “hold” rating to a “buy” rating and increased their price target for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $48.44.

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.