State of Alaska Department of Revenue Has $4.03 Million Stock Position in Genpact Limited (NYSE:G)

State of Alaska Department of Revenue lifted its position in Genpact Limited (NYSE:GGet Rating) by 0.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 95,090 shares of the business services provider’s stock after buying an additional 319 shares during the quarter. State of Alaska Department of Revenue’s holdings in Genpact were worth $4,027,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of G. Capital International Investors lifted its stake in shares of Genpact by 101.8% in the first quarter. Capital International Investors now owns 3,963,229 shares of the business services provider’s stock worth $172,440,000 after buying an additional 1,999,617 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in Genpact during the first quarter worth $41,520,000. Victory Capital Management Inc. increased its position in Genpact by 10.7% during the first quarter. Victory Capital Management Inc. now owns 8,120,500 shares of the business services provider’s stock worth $353,204,000 after acquiring an additional 787,973 shares during the period. Mackenzie Financial Corp increased its position in Genpact by 20.2% during the fourth quarter. Mackenzie Financial Corp now owns 3,410,289 shares of the business services provider’s stock worth $181,018,000 after acquiring an additional 573,467 shares during the period. Finally, Pacer Advisors Inc. increased its position in Genpact by 1,580.6% during the first quarter. Pacer Advisors Inc. now owns 304,585 shares of the business services provider’s stock worth $13,252,000 after acquiring an additional 286,461 shares during the period. 95.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Citigroup dropped their target price on shares of Genpact from $55.00 to $52.00 and set a “buy” rating on the stock in a research report on Wednesday, July 20th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Genpact has an average rating of “Moderate Buy” and an average price target of $53.00.

Genpact Trading Down 0.0 %

Shares of Genpact stock opened at $45.55 on Thursday. The firm has a market capitalization of $8.36 billion, a PE ratio of 25.31, a price-to-earnings-growth ratio of 1.57 and a beta of 1.34. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.58 and a quick ratio of 1.58. The company’s fifty day moving average price is $46.68 and its two-hundred day moving average price is $44.05. Genpact Limited has a 52-week low of $37.68 and a 52-week high of $54.03.

Genpact (NYSE:GGet Rating) last announced its quarterly earnings results on Thursday, August 4th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.04. The firm had revenue of $1.09 billion for the quarter, compared to analyst estimates of $1.07 billion. Genpact had a net margin of 8.09% and a return on equity of 22.29%. The business’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.56 EPS. On average, analysts expect that Genpact Limited will post 2.4 EPS for the current year.

Genpact Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be issued a $0.125 dividend. This represents a $0.50 annualized dividend and a yield of 1.10%. The ex-dividend date of this dividend is Thursday, September 8th. Genpact’s dividend payout ratio (DPR) is presently 27.78%.

Insider Buying and Selling at Genpact

In other news, SVP Balkrishan Kalra sold 10,000 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $47.35, for a total value of $473,500.00. Following the sale, the senior vice president now owns 183,685 shares in the company, valued at approximately $8,697,484.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Kathryn Vanpelt Stein sold 30,000 shares of the business’s stock in a transaction on Wednesday, August 10th. The shares were sold at an average price of $47.71, for a total value of $1,431,300.00. Following the sale, the senior vice president now owns 98,223 shares in the company, valued at approximately $4,686,219.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Balkrishan Kalra sold 10,000 shares of the business’s stock in a transaction on Friday, August 26th. The shares were sold at an average price of $47.35, for a total transaction of $473,500.00. Following the completion of the sale, the senior vice president now owns 183,685 shares in the company, valued at approximately $8,697,484.75. The disclosure for this sale can be found here. Insiders have sold 70,713 shares of company stock valued at $3,362,269 in the last 90 days. 2.67% of the stock is currently owned by company insiders.

Genpact Company Profile

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Genpact Limited provides business process outsourcing and information technology (IT) services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Banking, Capital Markets and Insurance; Consumer Goods, Retail, Life Sciences and Healthcare; and High Tech, Manufacturing and Services.

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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