Genpact Limited $G Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D raised its position in Genpact Limited (NYSE:G) by 64.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 91,704 shares of the business services provider’s stock after buying an additional 35,913 shares during the period. State of New Jersey Common Pension Fund D owned about 0.05% of Genpact worth $4,036,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its holdings in Genpact by 2.5% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 9,890 shares of the business services provider’s stock worth $454,000 after buying an additional 240 shares during the last quarter. Sylvest Advisors LLC boosted its holdings in Genpact by 1.5% in the 2nd quarter. Sylvest Advisors LLC now owns 17,902 shares of the business services provider’s stock worth $788,000 after buying an additional 258 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Genpact by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 45,300 shares of the business services provider’s stock worth $1,994,000 after purchasing an additional 300 shares during the last quarter. Petrus Trust Company LTA boosted its holdings in shares of Genpact by 2.2% during the 1st quarter. Petrus Trust Company LTA now owns 14,390 shares of the business services provider’s stock worth $725,000 after purchasing an additional 305 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Genpact by 4.7% during the 1st quarter. KBC Group NV now owns 7,266 shares of the business services provider’s stock worth $366,000 after purchasing an additional 324 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Genpact news, SVP Piyush Mehta sold 76,902 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $42.58, for a total value of $3,274,487.16. Following the sale, the senior vice president owned 134,880 shares of the company’s stock, valued at $5,743,190.40. The trade was a 36.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Balkrishan Kalra sold 55,000 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $43.36, for a total value of $2,384,800.00. Following the sale, the chief executive officer directly owned 295,246 shares in the company, valued at $12,801,866.56. This represents a 15.70% decrease in their position. The disclosure for this sale can be found here. 3.07% of the stock is owned by insiders.

Genpact Stock Up 0.1%

Shares of NYSE G opened at $39.52 on Tuesday. The firm has a market cap of $6.89 billion, a price-to-earnings ratio of 13.13, a PEG ratio of 1.36 and a beta of 0.89. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.32. Genpact Limited has a 52-week low of $37.82 and a 52-week high of $56.76. The business’s 50 day moving average is $42.20 and its two-hundred day moving average is $43.85.

Genpact (NYSE:G) last announced its earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Genpact had a return on equity of 22.15% and a net margin of 10.92%.The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.79 earnings per share. Genpact has set its FY 2025 guidance at 3.510-3.580 EPS. Q3 2025 guidance at 0.890-0.900 EPS. Research analysts predict that Genpact Limited will post 3.21 EPS for the current year.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be given a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. Genpact’s payout ratio is presently 22.59%.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Needham & Company LLC boosted their target price on Genpact from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, August 8th. JPMorgan Chase & Co. lowered their target price on Genpact from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, August 20th. Mizuho boosted their target price on Genpact from $48.00 to $51.00 and gave the stock a “neutral” rating in a report on Tuesday, July 1st. Weiss Ratings restated a “hold (c)” rating on shares of Genpact in a report on Wednesday, October 8th. Finally, Wall Street Zen cut Genpact from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Genpact has an average rating of “Hold” and a consensus target price of $51.13.

About Genpact

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.