Public Employees Retirement System of Ohio Purchases New Holdings in Genpact Limited $G

Key Points

• Public Employees Retirement System of Ohio purchased 44,240 Genpact shares worth approximately $1.2 million in the second quarter. Institutional investors collectively own 96.03% of the company.
• Analysts maintain a cautious outlook, with Genpact holding a consensus rating of “Hold” and an average price target of $39.33. Two analysts rate the stock a Buy, while seven recommend holding it.
• Genpact reported quarterly EPS of $1.00 on $1.34 billion in revenue and declared a quarterly dividend of $0.1875, equivalent to a 2.1% annual yield. The stock opened at $35.35, down 5.3%.

Public Employees Retirement System of Ohio purchased a new position in shares of Genpact Limited (NYSE:G - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 44,240 shares of the business services provider's stock, valued at approximately $1,217,000.

Several other large investors also recently made changes to their positions in G. Nalanda India Equity Fund Ltd increased its holdings in Genpact by 8.0% during the fourth quarter. Nalanda India Equity Fund Ltd now owns 13,702,500 shares of the business services provider's stock worth $641,003,000 after buying an additional 1,015,556 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Genpact by 90.9% during the 4th quarter. AQR Capital Management LLC now owns 6,575,115 shares of the business services provider's stock worth $307,584,000 after purchasing an additional 3,131,643 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Genpact by 12.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 5,609,641 shares of the business services provider's stock valued at $208,965,000 after purchasing an additional 598,877 shares during the period. FIL Ltd lifted its stake in Genpact by 114.4% in the 4th quarter. FIL Ltd now owns 4,802,854 shares of the business services provider's stock valued at $224,678,000 after purchasing an additional 2,562,484 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Genpact by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 4,330,116 shares of the business services provider's stock valued at $210,391,000 after purchasing an additional 107,870 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on G shares. Wall Street Zen upgraded Genpact from a "hold" rating to a "buy" rating in a research note on Saturday, August 29th. Susquehanna increased their price target on Genpact from $33.00 to $37.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $31.00 price target on Genpact in a report on Friday, July 10th. Citigroup increased their price objective on shares of Genpact from $32.00 to $36.00 and gave the company a "neutral" rating in a research report on Friday, August 7th. Finally, JPMorgan Chase & Co. lifted their target price on shares of Genpact from $40.00 to $45.00 and gave the stock a "neutral" rating in a report on Friday, August 7th. Two analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $39.33.

Genpact Trading Down 5.3%

Shares of Genpact stock opened at $35.35 on Wednesday. The firm has a 50-day moving average of $33.74 and a 200-day moving average of $34.35. The stock has a market cap of $5.94 billion, a PE ratio of 10.49, a PEG ratio of 0.99 and a beta of 0.58. Genpact Limited has a 52-week low of $26.85 and a 52-week high of $48.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.00.

Genpact (NYSE:G - Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The business services provider reported $1.00 EPS for the quarter. The business had revenue of $1.34 billion for the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. As a group, sell-side analysts forecast that Genpact Limited will post 3.66 EPS for the current year.

Genpact Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Thursday, September 10th. Genpact's payout ratio is presently 22.26%.

Insider Activity

In related news, SVP Anil Nanduru sold 6,191 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $37.03, for a total transaction of $229,252.73. Following the sale, the senior vice president owned 70,253 shares of the company's stock, valued at $2,601,468.59. This represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 1.58% of the company's stock.

About Genpact

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.

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