Louisiana State Employees Retirement System Makes New $1.71 Million Investment in Genpact Limited $G

Louisiana State Employees Retirement System bought a new stake in Genpact Limited (NYSE:G) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 45,900 shares of the business services provider’s stock, valued at approximately $1,710,000.

A number of other institutional investors have also recently made changes to their positions in G. GAMMA Investing LLC increased its holdings in Genpact by 2.6% in the 4th quarter. GAMMA Investing LLC now owns 9,637 shares of the business services provider’s stock worth $451,000 after acquiring an additional 241 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in Genpact by 47.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 823 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 265 shares during the last quarter. Verdence Capital Advisors LLC lifted its holdings in Genpact by 2.3% during the fourth quarter. Verdence Capital Advisors LLC now owns 12,082 shares of the business services provider’s stock valued at $565,000 after purchasing an additional 271 shares during the last quarter. AlphaCore Capital LLC boosted its position in Genpact by 2.4% during the fourth quarter. AlphaCore Capital LLC now owns 11,634 shares of the business services provider’s stock worth $544,000 after purchasing an additional 272 shares during the period. Finally, Flynn Zito Capital Management LLC increased its stake in shares of Genpact by 4.9% in the fourth quarter. Flynn Zito Capital Management LLC now owns 6,142 shares of the business services provider’s stock worth $287,000 after purchasing an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

G has been the topic of several research reports. Mizuho lowered their price target on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Needham & Company LLC reaffirmed a “buy” rating and issued 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. Citigroup lowered their target price on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Finally, Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. One investment analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $43.29.

Genpact Price Performance

G stock opened at $28.26 on Thursday. The firm has a 50 day moving average of $31.65 and a 200-day moving average of $38.08. The firm 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 12 month low of $26.85 and a 12 month high of $48.64. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47.

Genpact (NYSE:G) last posted its earnings results on Tuesday, March 31st. The business services provider reported $0.98 earnings per share for the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. The business had revenue of $1.30 billion for the quarter. As a group, sell-side analysts predict that Genpact Limited will post 3.64 earnings per share for the current fiscal year.

Genpact Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were issued a $0.1875 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.75 annualized dividend and a dividend yield of 2.7%. Genpact’s dividend payout ratio is presently 23.01%.

Genpact Company 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.