Wellington Management Group LLP Has $18.90 Million Stake in Genpact Limited (NYSE:G)

Wellington Management Group LLP trimmed its holdings in Genpact Limited (NYSE:G) by 30.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 482,041 shares of the business services provider’s stock after selling 207,692 shares during the period. Wellington Management Group LLP owned about 0.27% of Genpact worth $18,901,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in G. CWM LLC grew its stake in Genpact by 160.8% in the second quarter. CWM LLC now owns 952 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 587 shares during the period. Blue Trust Inc. grew its stake in Genpact by 11,038.0% in the second quarter. Blue Trust Inc. now owns 8,799 shares of the business services provider’s stock valued at $290,000 after acquiring an additional 8,720 shares during the period. Riverwater Partners LLC boosted its position in shares of Genpact by 6.0% during the second quarter. Riverwater Partners LLC now owns 10,688 shares of the business services provider’s stock worth $344,000 after buying an additional 603 shares during the period. Nisa Investment Advisors LLC boosted its position in shares of Genpact by 329.6% during the second quarter. Nisa Investment Advisors LLC now owns 10,525 shares of the business services provider’s stock worth $339,000 after buying an additional 8,075 shares during the period. Finally, Lecap Asset Management Ltd. acquired a new position in shares of Genpact during the second quarter worth about $570,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on G shares. Needham & Company LLC upped their price objective on Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Jefferies Financial Group upped their price objective on Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. JPMorgan Chase & Co. upped their price objective on Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. TD Cowen upped their price objective on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Finally, Robert W. Baird increased their price target on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $42.33.

Genpact Price Performance

NYSE:G opened at $44.67 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The stock’s 50 day moving average price is $42.38 and its two-hundred day moving average price is $37.75. The firm has a market capitalization of $7.88 billion, a price-to-earnings ratio of 12.27, a P/E/G ratio of 1.56 and a beta of 1.18. Genpact Limited has a 12-month low of $30.23 and a 12-month high of $47.98.

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a $0.1525 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.61 annualized dividend and a yield of 1.37%. Genpact’s dividend payout ratio is 16.76%.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 9,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.40, for a total transaction of $417,600.00. Following the transaction, the chief executive officer now owns 267,404 shares in the company, valued at approximately $12,407,545.60. This trade represents a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.80% of the company’s stock.

Genpact Company 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.