Louisiana State Employees Retirement System Acquires Shares of 45,900 Genpact Limited $G

Louisiana State Employees Retirement System acquired a new stake in shares of Genpact Limited (NYSE:G) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 45,900 shares of the business services provider’s stock, valued at approximately $1,710,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Qsemble Capital Management LP bought a new stake in Genpact during the 4th quarter worth approximately $3,258,000. Dimensional Fund Advisors LP lifted its holdings in shares of Genpact by 8.7% in the third quarter. Dimensional Fund Advisors LP now owns 3,978,210 shares of the business services provider’s stock valued at $166,651,000 after purchasing an additional 319,861 shares in the last quarter. Causeway Capital Management LLC lifted its holdings in shares of Genpact by 31.3% in the third quarter. Causeway Capital Management LLC now owns 1,878,432 shares of the business services provider’s stock valued at $78,687,000 after purchasing an additional 447,261 shares in the last quarter. Bank of Montreal Can boosted its position in shares of Genpact by 3.9% during the third quarter. Bank of Montreal Can now owns 1,465,815 shares of the business services provider’s stock valued at $61,403,000 after buying an additional 55,081 shares during the last quarter. Finally, Kennedy Capital Management LLC boosted its position in shares of Genpact by 44.2% during the third quarter. Kennedy Capital Management LLC now owns 501,024 shares of the business services provider’s stock valued at $20,988,000 after buying an additional 153,671 shares during the last quarter. 96.03% of the stock is owned by institutional investors.

Genpact Price Performance

Shares of NYSE:G opened at $28.26 on Thursday. The company’s 50-day moving average is $31.65 and its 200 day moving average is $38.08. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.69. The company has a market capitalization of $4.79 billion, a P/E ratio of 8.67, a price-to-earnings-growth ratio of 0.78 and a beta of 0.61. Genpact Limited has a fifty-two week low of $26.85 and a fifty-two week high of $48.64.

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

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend was Wednesday, June 10th. Genpact’s dividend payout ratio is currently 23.01%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Citigroup lowered their price target on Genpact from $43.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Genpact in a report on Friday, May 8th. Weiss Ratings lowered shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Mizuho lowered their target price on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Finally, Susquehanna lowered their target price on shares of Genpact from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Genpact presently has a consensus rating of “Hold” and an average price target of $43.29.

Genpact 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.