State of Alaska Department of Revenue Raises Stake in Genpact Limited $G

Key Points

• The State of Alaska Department of Revenue increased its stake in Genpact Limited by 10.4% during the second quarter, owning a total of 205,772 shares valued at approximately $9 million.
• Several large investors have also increased their positions in Genpact, with hedge funds and institutional investors owning 96.03% of the stock.
• Genpact recently announced a quarterly dividend of $0.17 per share, yielding 1.6%, and the company has guided for FY 2025 earnings per share between 3.510-3.580.

State of Alaska Department of Revenue boosted its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 10.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 205,772 shares of the business services provider's stock after acquiring an additional 19,310 shares during the period. State of Alaska Department of Revenue owned 0.12% of Genpact worth $9,055,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. lifted its position in Genpact by 59.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,355 shares of the business services provider's stock valued at $522,000 after acquiring an additional 3,849 shares during the period. Wealth Enhancement Advisory Services LLC raised its holdings in Genpact by 20.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,650 shares of the business services provider's stock worth $486,000 after buying an additional 1,651 shares during the last quarter. Wright Investors Service Inc. purchased a new position in Genpact in the second quarter worth about $457,000. GAMMA Investing LLC raised its holdings in Genpact by 88.0% in the first quarter. GAMMA Investing LLC now owns 9,744 shares of the business services provider's stock worth $491,000 after buying an additional 4,561 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new position in Genpact in the first quarter worth about $2,396,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

G has been the subject of several recent analyst reports. Wall Street Zen cut shares of Genpact from a "buy" rating to a "hold" rating in a report on Friday, September 5th. JPMorgan Chase & Co. decreased their target price on shares of Genpact from $55.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genpact in a report on Thursday, July 17th. They issued a "hold" rating and a $47.00 target price for the company. Needham & Company LLC lifted their target price on shares of Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Finally, Mizuho lifted their price target on shares of Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $52.29.

Insider Activity at Genpact

In related news, CEO Balkrishan Kalra sold 55,000 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $43.36, for a total transaction of $2,384,800.00. Following the completion of the sale, the chief executive officer directly owned 295,246 shares in the company, valued at approximately $12,801,866.56. The trade was a 15.70% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Piyush Mehta sold 76,902 shares of the business's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $42.58, for a total transaction of $3,274,487.16. Following the sale, the senior vice president owned 134,880 shares of the company's stock, valued at $5,743,190.40. This trade represents a 36.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.07% of the company's stock.

Genpact Stock Performance

Shares of G stock opened at $42.21 on Friday. The company has a 50 day moving average price of $43.73 and a 200-day moving average price of $45.19. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.32. The firm has a market capitalization of $7.36 billion, a PE ratio of 14.02, a P/E/G ratio of 1.45 and a beta of 0.92. Genpact Limited has a 52 week low of $37.82 and a 52 week high of $56.76.

Genpact (NYSE:G - Get Free Report) last announced its earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.03. The company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 earnings per share. Genpact has set its FY 2025 guidance at 3.510-3.580 EPS. Q3 2025 guidance at 0.890-0.900 EPS. As a group, equities research analysts expect that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, September 11th. Genpact's payout ratio is 22.59%.

Genpact Profile

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.

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