J. Safra Sarasin Holding AG Sells 22,012 Shares of Genpact Limited $G

J. Safra Sarasin Holding AG reduced its position in shares of Genpact Limited (NYSE:G) by 14.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 135,487 shares of the business services provider’s stock after selling 22,012 shares during the period. J. Safra Sarasin Holding AG’s holdings in Genpact were worth $6,338,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Exchange Traded Concepts LLC increased its holdings in Genpact by 24.0% during the 4th quarter. Exchange Traded Concepts LLC now owns 22,313 shares of the business services provider’s stock valued at $1,044,000 after purchasing an additional 4,325 shares during the period. Pallas Capital Advisors LLC purchased a new stake in Genpact in the 4th quarter worth approximately $556,000. Global X Japan Co. Ltd. grew its position in shares of Genpact by 78.9% in the 4th quarter. Global X Japan Co. Ltd. now owns 2,129 shares of the business services provider’s stock worth $100,000 after buying an additional 939 shares during the last quarter. Kathmere Capital Management LLC purchased a new position in shares of Genpact during the fourth quarter valued at approximately $217,000. Finally, SG Americas Securities LLC increased its stake in shares of Genpact by 79.3% during the fourth quarter. SG Americas Securities LLC now owns 53,156 shares of the business services provider’s stock valued at $2,487,000 after buying an additional 23,502 shares during the period. 96.03% of the stock is owned by institutional investors.

Genpact Price Performance

Shares of NYSE G opened at $37.17 on Wednesday. The company has a 50 day simple moving average of $39.79 and a two-hundred day simple moving average of $42.28. Genpact Limited has a fifty-two week low of $34.79 and a fifty-two week high of $50.71. The company has a market capitalization of $6.31 billion, a price-to-earnings ratio of 11.88, a P/E/G ratio of 1.10 and a beta of 0.75. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.66 and a current ratio of 1.66.

Genpact (NYSE:G) last issued its quarterly earnings results on Friday, February 6th. The business services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. The firm had revenue of $1.32 billion for the quarter, compared to analysts’ expectations of $1.31 billion. Genpact had a return on equity of 22.02% and a net margin of 10.88%.The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.91 EPS. Analysts expect that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.0%. This is a positive change from Genpact’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Monday, March 16th. Genpact’s dividend payout ratio is presently 23.96%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Needham & Company LLC dropped their price target on Genpact from $53.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Citigroup raised shares of Genpact from a “hold” rating to a “strong-buy” rating in a research report on Friday, February 13th. Susquehanna set a $42.00 price objective on shares of Genpact in a report on Friday, February 6th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Genpact in a research report on Friday, December 26th. Finally, Mizuho cut their target price on shares of Genpact from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $47.29.

Insider Transactions at Genpact

In related news, SVP Sameer Dewan sold 15,088 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $46.65, for a total value of $703,855.20. Following the transaction, the senior vice president owned 37,749 shares in the company, valued at $1,760,990.85. The trade was a 28.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Balkrishan Kalra sold 2,800 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $40.77, for a total transaction of $114,156.00. Following the completion of the transaction, the chief executive officer owned 525,007 shares in the company, valued at approximately $21,404,535.39. The trade was a 0.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 33,904 shares of company stock valued at $1,565,158. Insiders own 1.58% of the company’s stock.

About Genpact

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.