Genpact Limited (NYSE:G) Stock Position Trimmed by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its position in Genpact Limited (NYSE:G) by 3.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 45,400 shares of the business services provider’s stock after selling 1,400 shares during the period. Louisiana State Employees Retirement System’s holdings in Genpact were worth $1,780,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in G. Vanguard Group Inc. raised its position in Genpact by 1.3% in the first quarter. Vanguard Group Inc. now owns 17,172,839 shares of the business services provider’s stock worth $565,845,000 after acquiring an additional 218,526 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Genpact by 34.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock worth $107,065,000 after purchasing an additional 847,249 shares in the last quarter. Capital International Investors lifted its stake in Genpact by 51.8% during the first quarter. Capital International Investors now owns 3,086,957 shares of the business services provider’s stock valued at $101,715,000 after purchasing an additional 1,053,236 shares during the last quarter. Vulcan Value Partners LLC boosted its holdings in Genpact by 22.2% during the second quarter. Vulcan Value Partners LLC now owns 1,567,428 shares of the business services provider’s stock worth $50,456,000 after buying an additional 284,842 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in Genpact by 8.9% in the second quarter. Bank of New York Mellon Corp now owns 1,512,259 shares of the business services provider’s stock worth $48,680,000 after buying an additional 122,993 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Genpact Price Performance

Shares of G stock opened at $38.41 on Thursday. Genpact Limited has a 1 year low of $29.41 and a 1 year high of $39.95. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 0.52. The firm’s 50 day moving average is $38.88 and its 200-day moving average is $35.06. The firm has a market capitalization of $6.91 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 1.60 and a beta of 1.13.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, August 8th. The business services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Genpact had a net margin of 14.12% and a return on equity of 22.28%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.15 billion. Sell-side analysts forecast that Genpact Limited will post 2.85 EPS for the current fiscal year.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.1525 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a yield of 1.59%. Genpact’s payout ratio is 17.43%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on G shares. Jefferies Financial Group lifted their price target on Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Robert W. Baird upped their price target on shares of Genpact from $38.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, October 9th. BMO Capital Markets raised their price objective on shares of Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. boosted their target price on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, TD Cowen raised their target price on Genpact from $35.00 to $36.00 and gave the stock a “hold” rating in a research report on Friday, August 9th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $39.44.

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.