Thrivent Financial for Lutherans Buys 18,124 Shares of Genpact Limited $G

Thrivent Financial for Lutherans raised its stake in Genpact Limited (NYSE:GFree Report) by 48.7% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 55,359 shares of the business services provider’s stock after acquiring an additional 18,124 shares during the period. Thrivent Financial for Lutherans’ holdings in Genpact were worth $2,589,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Arbejdsmarkedets Tillaegspension acquired a new position in Genpact during the 4th quarter worth approximately $23,777,000. Allworth Financial LP raised its stake in Genpact by 192.2% during the 4th quarter. Allworth Financial LP now owns 4,324 shares of the business services provider’s stock worth $202,000 after buying an additional 2,844 shares during the period. Ameritas Advisory Services LLC raised its stake in Genpact by 3,076.1% during the 4th quarter. Ameritas Advisory Services LLC now owns 6,511 shares of the business services provider’s stock worth $305,000 after buying an additional 6,306 shares during the period. World Investment Advisors raised its stake in Genpact by 10.8% during the 4th quarter. World Investment Advisors now owns 9,563 shares of the business services provider’s stock worth $423,000 after buying an additional 936 shares during the period. Finally, Swiss Life Asset Management Ltd raised its stake in shares of Genpact by 65.6% in the fourth quarter. Swiss Life Asset Management Ltd now owns 12,663 shares of the business services provider’s stock worth $592,000 after purchasing an additional 5,018 shares during the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Stock Performance

Shares of G opened at $31.89 on Monday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $5.40 billion, a price-to-earnings ratio of 9.78, a PEG ratio of 0.90 and a beta of 0.61. The stock has a 50 day moving average of $35.30 and a 200 day moving average of $40.73. Genpact Limited has a 12 month low of $28.78 and a 12 month high of $48.64.

Genpact (NYSE:GGet Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported $0.98 EPS for the quarter. The company had revenue of $1.30 billion during the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%. As a group, sell-side analysts forecast that Genpact Limited will post 3.64 earnings per share for the current year.

Genpact Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, June 10th. Genpact’s dividend payout ratio (DPR) is presently 23.01%.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Genpact in a research report on Friday, May 8th. Robert W. Baird cut their target price on Genpact from $54.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Mizuho cut their target price on Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Citigroup cut their target price on Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Finally, Susquehanna cut their target price on Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $43.29.

Read Our Latest Report on G

Insider Activity at Genpact

In related news, CEO Balkrishan Kalra sold 2,800 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $40.77, for a total transaction of $114,156.00. Following the completion of the sale, the chief executive officer directly owned 525,007 shares of the company’s stock, valued at approximately $21,404,535.39. This trade represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.58% of the company’s stock.

Genpact Company Profile

(Free Report)

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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