Crossmark Global Holdings Inc. Grows Stock Position in Genpact Limited (NYSE:G)

Crossmark Global Holdings Inc. lifted its stake in Genpact Limited (NYSE:G) by 1.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 396,264 shares of the business services provider’s stock after purchasing an additional 6,275 shares during the period. Crossmark Global Holdings Inc. owned about 0.22% of Genpact worth $17,020,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of G. UMB Bank n.a. lifted its holdings in 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 during the last quarter. Venturi Wealth Management LLC lifted its holdings in Genpact by 74.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after buying an additional 1,121 shares during the last quarter. Versant Capital Management Inc increased its position in shares of Genpact by 17.0% during the fourth quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider’s stock worth $136,000 after purchasing an additional 461 shares in the last quarter. GAMMA Investing LLC increased its position in shares of Genpact by 221.3% during the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock worth $131,000 after purchasing an additional 2,293 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB increased its position in shares of Genpact by 22.4% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 3,378 shares of the business services provider’s stock worth $145,000 after purchasing an additional 619 shares in the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Genpact Stock Performance

NYSE G opened at $45.13 on Tuesday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $44.41 and its two-hundred day moving average is $39.87. Genpact Limited has a 12-month low of $30.23 and a 12-month high of $47.98. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 12.40, a PEG ratio of 1.49 and a beta of 1.18.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Robert W. Baird lifted their target price on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Needham & Company LLC lifted their target price on Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, TD Cowen boosted their price target on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $42.33.

Insider Transactions at Genpact

In other Genpact news, SVP Piyush Mehta sold 12,000 shares of the stock in a transaction on Friday, January 10th. The stock was sold at an average price of $42.83, for a total transaction of $513,960.00. Following the sale, the senior vice president now owns 151,182 shares in the company, valued at approximately $6,475,125.06. This represents a 7.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction on Friday, December 13th. The shares were sold at an average price of $44.60, for a total value of $606,560.00. Following the sale, the chief executive officer now owns 267,404 shares in the company, valued at approximately $11,926,218.40. This trade represents a 4.84 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 35,058 shares of company stock valued at $1,558,675 in the last quarter. 2.80% of the stock is currently owned by corporate insiders.

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.