Retirement Systems of Alabama decreased its position in shares of Genpact Limited (NYSE:G – Get Rating) by 1.2% during the 1st quarter, HoldingsChannel.com reports. The fund owned 223,726 shares of the business services provider’s stock after selling 2,829 shares during the period. Retirement Systems of Alabama’s holdings in Genpact were worth $9,734,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of G. Allspring Global Investments Holdings LLC acquired a new stake in shares of Genpact during the 4th quarter worth approximately $58,856,000. Capital International Investors boosted its position in shares of Genpact by 110.5% during the 4th quarter. Capital International Investors now owns 1,963,612 shares of the business services provider’s stock worth $104,229,000 after acquiring an additional 1,030,612 shares in the last quarter. Mackenzie Financial Corp boosted its position in shares of Genpact by 20.2% during the 4th 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 in the last quarter. Causeway Capital Management LLC lifted its stake in Genpact by 17.8% in the 4th quarter. Causeway Capital Management LLC now owns 2,445,496 shares of the business services provider’s stock valued at $129,807,000 after purchasing an additional 368,947 shares during the last quarter. Finally, Pacer Advisors Inc. lifted its stake in Genpact by 1,580.6% in the 1st quarter. Pacer Advisors Inc. now owns 304,585 shares of the business services provider’s stock valued at $13,252,000 after purchasing an additional 286,461 shares during the last quarter. Institutional investors and hedge funds own 95.82% of the company’s stock.
Several brokerages recently commented on G. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Genpact from $55.00 to $48.00 in a research note on Friday, May 6th. StockNews.com downgraded shares of Genpact from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Genpact presently has a consensus rating of “Moderate Buy” and an average target price of $55.71.
G stock opened at $42.92 on Tuesday. The company has a fifty day moving average price of $42.35 and a 200-day moving average price of $44.94. The company has a market capitalization of $7.95 billion, a P/E ratio of 22.01, a PEG ratio of 1.46 and a beta of 1.35. Genpact Limited has a 52-week low of $37.68 and a 52-week high of $54.03. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.43 and a current ratio of 1.43.
Genpact (NYSE:G – Get Rating) last released its quarterly earnings results on Thursday, May 5th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.11. The firm had revenue of $1.07 billion during the quarter, compared to the consensus estimate of $1.03 billion. Genpact had a net margin of 9.03% and a return on equity of 24.48%. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. As a group, sell-side analysts forecast that Genpact Limited will post 2.38 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, June 24th. Stockholders of record on Friday, June 10th were paid a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a dividend yield of 1.16%. The ex-dividend date was Thursday, June 9th. Genpact’s payout ratio is currently 25.64%.
Genpact Company Profile (Get Rating)
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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