Genpact Ltd (G) Holdings Down in Latest Report from Ubs Asset Management Americas Inc


Genpact Ltd (NYSE:G).

Ubs Asset Management Americas Inc reports that it sold 261 shares last quarter decreasing its exposure to Genpact Ltd by 4.7%. Its investment was worth $68,303,000 a decrease of 4.1% as of quarter end.

Several firms have shifted positions in (G). Dimensional Fund Advisors Lp augmented its stake by buying 30,361 shares an increase of 2.0% from 06/30/2017 to 09/30/2017. Dimensional Fund Advisors Lp now controls 1,518,243 shares valued at $43,649,000. The value of the position overall is up by 5.4%. As of quarter end Alliancebernstein L.P. had disposed of a total of 800,500 shares trimming its stake by 30.6%. The value of the investment in (G) decreased from $33,785,000 to $23,542,000 a change of 30.3% for the reporting period.

As of the end of the quarter Cooke & Bieler Lp had sold 41,316 shares trimming its position 5.1%. The value of the company’s investment in Genpact Ltd went from $22,435,000 to $21,988,000 decreasing 2.0% quarter over quarter.

On November 8 Cantor Fitzgerald left the company rating at “Overweight” projecting a price of $36.00. October 12 investment analysts at Cowen and Company made no change to the stock rating of “Buy” targeting a price of $33.00.

October 10 investment analysts at Robert W. Baird held the company rating at “Outperform” with a current price target of $36.00. On October 9 SunTrust Banks kept the stock rating at “Buy” with a current price target of $34.00.

October 6 investment analysts at BMO Capital Markets maintained a “Hold” rating on the company. On September 25 Robert W. Baird made no change to the company rating of “Buy” projecting a price of $34.00.

The company is now down by 0.12% since yesterday’s close of 16.9. The company currently has a P/E ratio of 22.06 and market cap is 14.64B. As of the last earnings report the EPS was $0.77 with 867.14M shares currently outstanding.

Investors are more bearish on the company recently if you put credence in the rise in short interest. The company saw a rise in short interest of 17.84% as of October 31, 2017 from the last reporting period. Short shares increased from 5,349,890 to 6,304,123 over that timeframe. Days to cover decreased -3.0 to 7.0 and the percentage of shorted shares was 0.01% on October 31.