Retirement Systems of Alabama Has $13.46 Million Holdings in Genpact Limited $G

Retirement Systems of Alabama trimmed its position in Genpact Limited (NYSE:G) by 14.0% in the fourth quarter, Holdings Channel reports. The fund owned 287,818 shares of the business services provider’s stock after selling 47,013 shares during the quarter. Retirement Systems of Alabama’s holdings in Genpact were worth $13,464,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Private Trust Co. NA increased its holdings in Genpact by 364.2% in the 3rd quarter. Private Trust Co. NA now owns 636 shares of the business services provider’s stock worth $27,000 after purchasing an additional 499 shares in the last quarter. Quent Capital LLC acquired a new stake in shares of Genpact during the third quarter valued at about $27,000. Westside Investment Management Inc. boosted its stake in shares of Genpact by 193.5% during the third quarter. Westside Investment Management Inc. now owns 678 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 447 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in shares of Genpact during the third quarter worth about $29,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of Genpact in the third quarter valued at approximately $29,000. Institutional investors own 96.03% of the company’s stock.

Insider Activity at Genpact

In other news, SVP Riju Vashisht sold 16,016 shares of Genpact stock in a transaction dated Tuesday, January 13th. The stock was sold at an average price of $46.65, for a total value of $747,146.40. Following the completion of the transaction, the senior vice president directly owned 95,521 shares of the company’s stock, valued at approximately $4,456,054.65. This trade represents a 14.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Sameer Dewan sold 15,088 shares of the business’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $46.65, for a total value of $703,855.20. Following the completion of the transaction, the senior vice president directly owned 37,749 shares in the company, valued at $1,760,990.85. This represents a 28.56% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 33,904 shares of company stock worth $1,565,158 over the last quarter. Company insiders own 1.58% of the company’s stock.

Genpact Stock Performance

Shares of G stock opened at $37.72 on Friday. The stock has a market capitalization of $6.40 billion, a PE ratio of 12.05, a PEG ratio of 1.10 and a beta of 0.74. The business’s 50 day simple moving average is $39.45 and its 200 day simple moving average is $42.21. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.66 and a quick ratio of 1.66. Genpact Limited has a one year low of $34.79 and a one year high of $50.41.

Genpact (NYSE:G) last released its quarterly earnings results on Friday, February 6th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.04. The firm had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. Genpact had a net margin of 10.88% and a return on equity of 22.02%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the business earned $0.91 EPS. As a group, research analysts forecast that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a $0.1875 dividend. The ex-dividend date was Monday, March 16th. This is a positive change from Genpact’s previous quarterly dividend of $0.17. This represents a $0.75 annualized dividend and a yield of 2.0%. Genpact’s dividend payout ratio (DPR) is presently 23.96%.

Analyst Ratings Changes

A number of brokerages recently issued reports on G. Susquehanna set a $42.00 price objective on shares of Genpact in a report on Friday, February 6th. Weiss Ratings restated a “hold (c+)” rating on shares of Genpact in a research report on Friday, December 26th. Needham & Company LLC dropped their price target on shares of Genpact from $53.00 to $50.00 and set a “buy” rating for the company in a research note on Friday, February 6th. Citigroup raised shares of Genpact from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Finally, Mizuho decreased their price objective on Genpact from $51.00 to $49.00 and set a “neutral” rating for the company in a report on Tuesday, February 10th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Genpact has an average rating of “Hold” and an average price target of $47.29.

Genpact Company Profile

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.