44,240 Shares in Genpact Limited $G Purchased by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio acquired a new position in shares of Genpact Limited (NYSE:GFree Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 44,240 shares of the business services provider’s stock, valued at approximately $1,217,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in G. Globeflex Capital L P acquired a new stake in shares of Genpact during the 2nd quarter worth approximately $3,627,000. CX Institutional boosted its holdings in shares of Genpact by 23.3% in the 2nd quarter. CX Institutional now owns 178,114 shares of the business services provider’s stock valued at $4,898,000 after purchasing an additional 33,613 shares in the last quarter. Basecamp Wealth Advisors LLC grew its position in Genpact by 54.7% in the first quarter. Basecamp Wealth Advisors LLC now owns 1,046 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 370 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Genpact by 40.7% during the 1st quarter. Pacer Advisors Inc. now owns 765,204 shares of the business services provider’s stock valued at $28,504,000 after purchasing an additional 221,536 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Genpact by 12.7% in the 1st quarter. NewEdge Advisors LLC now owns 14,369 shares of the business services provider’s stock valued at $535,000 after purchasing an additional 1,622 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Price Performance

Shares of NYSE G opened at $35.35 on Wednesday. The company has a market capitalization of $5.94 billion, a PE ratio of 10.49, a P/E/G ratio of 0.99 and a beta of 0.58. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.44. Genpact Limited has a twelve month low of $26.85 and a twelve month high of $48.64. The firm has a fifty day simple moving average of $33.74 and a 200 day simple moving average of $34.35.

Genpact (NYSE:GGet Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The business services provider reported $1.00 EPS for the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. The business had revenue of $1.34 billion for the quarter. On average, sell-side analysts forecast that Genpact Limited will post 3.66 EPS for the current year.

Genpact Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.75 annualized dividend and a yield of 2.1%. Genpact’s dividend payout ratio (DPR) is currently 22.26%.

Insiders Place Their Bets

In other Genpact news, SVP Anil Nanduru sold 6,191 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $37.03, for a total value of $229,252.73. Following the transaction, the senior vice president directly owned 70,253 shares of the company’s stock, valued at approximately $2,601,468.59. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.58% of the company’s stock.

Analysts Set New Price Targets

G has been the topic of several recent research reports. Susquehanna raised their price objective on Genpact from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Citigroup boosted their price target on Genpact from $32.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. TD Cowen upped their price objective on Genpact from $42.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Weiss Ratings downgraded shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 24th. Finally, Needham & Company LLC reduced their target price on shares of Genpact from $50.00 to $45.00 and set a “buy” rating on the stock in a report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $39.33.

Check Out Our Latest Stock Analysis on Genpact

Genpact 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.

See Also

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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