Thrivent Financial for Lutherans Acquires 18,124 Shares of Genpact Limited $G

Thrivent Financial for Lutherans grew its holdings in Genpact Limited (NYSE:G) by 48.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 55,359 shares of the business services provider’s stock after acquiring an additional 18,124 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Genpact were worth $2,589,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of G. Westside Investment Management Inc. increased its holdings in shares of Genpact by 193.5% in the third quarter. Westside Investment Management Inc. now owns 678 shares of the business services provider’s stock worth $28,000 after acquiring an additional 447 shares in the last quarter. iSAM Funds UK Ltd bought a new stake in shares of Genpact in the third quarter worth about $29,000. Johnson Financial Group Inc. bought a new stake in shares of Genpact in the third quarter worth about $29,000. V Square Quantitative Management LLC bought a new stake in shares of Genpact in the fourth quarter worth about $30,000. Finally, Shell Asset Management Co. bought a new stake in shares of Genpact in the third quarter worth about $33,000. 96.03% of the stock is currently owned by institutional investors.

Insider Transactions at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 2,800 shares of the company’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $40.77, for a total value of $114,156.00. Following the sale, the chief executive officer owned 525,007 shares in the company, valued at approximately $21,404,535.39. The trade was a 0.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.58% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

G has been the subject of several recent analyst reports. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target on shares of Genpact in a report on Friday, May 8th. Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Susquehanna decreased their price objective on Genpact from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Citigroup decreased their price objective on Genpact from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Finally, Mizuho decreased their price objective on Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, May 11th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $43.29.

Genpact Trading Down 0.1%

G opened at $31.89 on Monday. Genpact Limited has a twelve month low of $28.78 and a twelve month high of $48.64. The company has a 50-day simple moving average of $35.30 and a 200 day simple moving average of $40.73. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $5.40 billion, a price-to-earnings ratio of 9.78, a P/E/G ratio of 0.90 and a beta of 0.61.

Genpact (NYSE:G) last posted its quarterly earnings results on Tuesday, March 31st. The business services provider reported $0.98 EPS for the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%.The company had revenue of $1.30 billion during the quarter. Analysts predict that Genpact Limited will post 3.64 EPS for the current fiscal year.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be issued a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, June 10th. Genpact’s dividend payout ratio is presently 23.01%.

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.