Raymond James & Associates Has $1.99 Million Stake in Genpact Limited (NYSE:G)

Raymond James & Associates decreased its position in Genpact Limited (NYSE:G) by 23.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 41,954 shares of the business services provider’s stock after selling 12,547 shares during the period. Raymond James & Associates’ holdings in Genpact were worth $1,993,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in G. Advisor Group Holdings Inc. lifted its holdings in Genpact by 11.3% in the second quarter. Advisor Group Holdings Inc. now owns 15,684 shares of the business services provider’s stock valued at $713,000 after buying an additional 1,594 shares during the period. Centaurus Financial Inc. acquired a new position in Genpact in the second quarter valued at $165,000. Securian Asset Management Inc acquired a new position in Genpact in the second quarter valued at $727,000. Rockefeller Capital Management L.P. lifted its holdings in Genpact by 1,065.5% in the second quarter. Rockefeller Capital Management L.P. now owns 1,317 shares of the business services provider’s stock valued at $59,000 after buying an additional 1,204 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Genpact by 3,705.5% during the second quarter. Principal Financial Group Inc. now owns 610,327 shares of the business services provider’s stock valued at $27,727,000 after purchasing an additional 594,289 shares during the period. Institutional investors and hedge funds own 95.90% of the company’s stock.

In other Genpact news, SVP Heather White sold 15,204 shares of the company’s stock in a transaction dated Tuesday, January 11th. The shares were sold at an average price of $52.15, for a total value of $792,888.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Balkrishan Kalra sold 5,000 shares of the company’s stock in a transaction dated Monday, December 13th. The stock was sold at an average price of $50.73, for a total transaction of $253,650.00. The disclosure for this sale can be found here. Corporate insiders own 2.39% of the company’s stock.

Several equities analysts have recently weighed in on G shares. Robert W. Baird upped their price objective on shares of Genpact from $58.00 to $60.00 and gave the company an “outperform” rating in a report on Tuesday, October 19th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Genpact from $48.00 to $55.00 and gave the company a “hold” rating in a report on Wednesday, November 10th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $55.80.

G opened at $51.47 on Friday. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.58 and a quick ratio of 1.58. Genpact Limited has a fifty-two week low of $38.28 and a fifty-two week high of $54.03. The firm has a market capitalization of $9.68 billion, a PE ratio of 26.95, a P/E/G ratio of 1.50 and a beta of 1.41. The company’s 50-day moving average is $51.24 and its 200 day moving average is $50.11.

Genpact (NYSE:G) last posted its earnings results on Tuesday, November 9th. The business services provider reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.18. Genpact had a net margin of 9.52% and a return on equity of 24.89%. The company had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.01 billion. During the same quarter in the prior year, the business posted $0.46 EPS. As a group, analysts expect that Genpact Limited will post 2.11 EPS for the current year.

About Genpact

Genpact Ltd. engages in the business process management, outsourcing, shared services and information outsourcing. The company operates through the following segments: Banking, Capital Markets and Insurance (BCMI), Consumer Goods, Retail, Life Sciences, and Healthcare (CGRLH) and High Tech, Manufacturing, and Services (HMS).

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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