Congress Asset Management Company Has Raised Genpact Limited (G) Holding; Intel (INTC) Stock Value Rose While Dock Street Asset Management Raised Holding

April 22, 2018 - By Peter Erickson

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Congress Asset Management Company increased its stake in Genpact Limited (G) by 1.93% based on its latest 2017Q4 regulatory filing with the SEC. Congress Asset Management Company bought 50,390 shares as the company’s stock declined 2.63% with the market. The institutional investor held 2.67M shares of the professional services company at the end of 2017Q4, valued at $84.61 million, up from 2.62 million at the end of the previous reported quarter. Congress Asset Management Company who had been investing in Genpact Limited for a number of months, seems to be bullish on the $6.17 billion market cap company. The stock decreased 0.83% or $0.27 during the last trading session, reaching $32.1. About 228,743 shares traded. Genpact Limited (NYSE:G) has risen 29.74% since April 22, 2017 and is uptrending. It has outperformed by 18.19% the S&P500.

Dock Street Asset Management Inc increased its stake in Intel Corp (INTC) by 98.78% based on its latest 2017Q4 regulatory filing with the SEC. Dock Street Asset Management Inc bought 9,700 shares as the company’s stock rose 9.61% while stock markets declined. The institutional investor held 19,520 shares of the semiconductors company at the end of 2017Q4, valued at $901,000, up from 9,820 at the end of the previous reported quarter. Dock Street Asset Management Inc who had been investing in Intel Corp for a number of months, seems to be bullish on the $241.07 billion market cap company. The stock decreased 1.32% or $0.69 during the last trading session, reaching $51.53. About 26.55 million shares traded. Intel Corporation (NASDAQ:INTC) has risen 44.65% since April 22, 2017 and is uptrending. It has outperformed by 33.10% the S&P500.

Among 12 analysts covering Genpact Limited (NYSE:G), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. Genpact Limited had 31 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was initiated by Wedbush with “Hold” on Thursday, August 3. On Thursday, August 3 the stock rating was maintained by Cowen & Co with “Buy”. Morgan Stanley downgraded Genpact Limited (NYSE:G) rating on Wednesday, August 10. Morgan Stanley has “Underweight” rating and $22 target. The rating was maintained by JP Morgan on Wednesday, February 14 with “Neutral”. The stock of Genpact Limited (NYSE:G) earned “Buy” rating by Robert W. Baird on Wednesday, November 15. The firm has “Buy” rating given on Friday, July 21 by Cowen & Co. The rating was maintained by Cowen & Co on Tuesday, February 13 with “Buy”. The stock has “Buy” rating by SunTrust on Thursday, March 15. The rating was maintained by Cowen & Co on Wednesday, September 6 with “Buy”. The firm has “Buy” rating given on Monday, September 25 by Robert W. Baird.

Investors sentiment decreased to 1.38 in Q4 2017. Its down 0.34, from 1.72 in 2017Q3. It fall, as 16 investors sold G shares while 70 reduced holdings. 42 funds opened positions while 77 raised stakes. 173.35 million shares or 0.82% less from 174.78 million shares in 2017Q3 were reported. Ajo LP reported 0% stake. Cipher LP has 0.31% invested in Genpact Limited (NYSE:G). Elk Creek Ptnrs Lc invested in 0.02% or 11,752 shares. Jennison Assoc Lc accumulated 0% or 57,295 shares. Citigroup has 90,532 shares for 0% of their portfolio. Amp Invsts Ltd owns 59,220 shares for 0.01% of their portfolio. Ubs Asset Americas owns 643,758 shares. Stevens Mgmt Limited Partnership reported 0.08% in Genpact Limited (NYSE:G). 169,703 were accumulated by Acadian Asset Mngmt Limited Co. Sit Investment Associates holds 0.03% or 37,100 shares. Manufacturers Life Com The holds 0% in Genpact Limited (NYSE:G) or 112,238 shares. Comerica Bancshares reported 66,168 shares. Sg Americas Ltd Liability Company accumulated 0% or 9,385 shares. Moreover, Robeco Institutional Asset Mgmt Bv has 0.2% invested in Genpact Limited (NYSE:G). First Citizens Bancshares reported 0.14% of its portfolio in Genpact Limited (NYSE:G).

Congress Asset Management Company, which manages about $7.47 billion and $6.87B US Long portfolio, decreased its stake in Abiomed Inc (NASDAQ:ABMD) by 4,966 shares to 57,280 shares, valued at $10.74M in 2017Q4, according to the filing. It also reduced its holding in Estee Lauder Companies Cl A (NYSE:EL) by 16,443 shares in the quarter, leaving it with 473,531 shares, and cut its stake in Intercontinental Exchange Inc (NYSE:ICE).

Among 55 analysts covering Intel Corporation (NASDAQ:INTC), 36 have Buy rating, 4 Sell and 15 Hold. Therefore 65% are positive. Intel Corporation had 245 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating given on Wednesday, September 23 by Bernstein. The rating was maintained by Deutsche Bank on Thursday, July 21 with “Buy”. SunTrust initiated the stock with “Neutral” rating in Thursday, January 14 report. On Friday, January 26 the stock rating was maintained by Mizuho with “Buy”. Citigroup maintained Intel Corporation (NASDAQ:INTC) on Monday, August 24 with “Neutral” rating. The stock of Intel Corporation (NASDAQ:INTC) earned “Buy” rating by TH Capital on Friday, January 15. Oppenheimer maintained the stock with “Hold” rating in Friday, July 28 report. The stock of Intel Corporation (NASDAQ:INTC) earned “Buy” rating by Needham on Wednesday, October 19. The rating was upgraded by Morgan Stanley on Friday, January 27 to “Equal-Weight”. The company was maintained on Tuesday, December 26 by Mizuho.

Since October 23, 2017, it had 0 insider buys, and 17 sales for $32.50 million activity. The insider YOFFIE DAVID B sold 30,000 shares worth $1.35M. Shenoy Navin sold 716 shares worth $35,262. $66,959 worth of Intel Corporation (NASDAQ:INTC) shares were sold by RENDUCHINTALA VENKATA S M. Krzanich Brian M sold $267,663 worth of stock. $20.89M worth of Intel Corporation (NASDAQ:INTC) was sold by Smith Stacy J. 686 shares were sold by McBride Kevin Thomas, worth $31,943 on Wednesday, February 21.

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By1 Peter Erickson

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