Pacer Advisors Inc. Trims Position in Genpact Limited $G

Pacer Advisors Inc. trimmed its position in shares of Genpact Limited (NYSE:G) by 13.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 543,668 shares of the business services provider’s stock after selling 84,109 shares during the period. Pacer Advisors Inc. owned 0.32% of Genpact worth $25,433,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the company. Royal Bank of Canada increased its stake in Genpact by 19.7% in the 1st quarter. Royal Bank of Canada now owns 121,705 shares of the business services provider’s stock worth $6,131,000 after buying an additional 20,043 shares in the last quarter. Amundi purchased a new position in shares of Genpact in the first quarter valued at about $58,000. Goldman Sachs Group Inc. boosted its stake in shares of Genpact by 20.8% in the first quarter. Goldman Sachs Group Inc. now owns 353,074 shares of the business services provider’s stock worth $17,788,000 after acquiring an additional 60,887 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Genpact by 12.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 511,627 shares of the business services provider’s stock worth $25,776,000 after purchasing an additional 56,557 shares in the last quarter. Finally, Focus Partners Wealth raised its stake in Genpact by 10.3% during the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the business services provider’s stock valued at $263,000 after purchasing an additional 488 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Analysts Set New Price Targets

G has been the topic of a number of research analyst reports. Wall Street Zen cut Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Mizuho reduced their price objective on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Citigroup lowered their target price on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Genpact in a research report on Friday, May 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Genpact in a research note on Friday, May 8th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Genpact currently has an average rating of “Hold” and a consensus target price of $43.29.

Genpact Trading Down 0.1%

G opened at $28.22 on Friday. The firm has a market cap of $4.78 billion, a P/E ratio of 8.66, a P/E/G ratio of 0.80 and a beta of 0.58. 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 stock has a 50-day moving average of $32.90 and a 200 day moving average of $39.11. Genpact Limited has a 12 month low of $27.36 and a 12 month high of $48.64.

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

Genpact Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, June 10th. Genpact’s dividend payout ratio is 23.01%.

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.