Genpact Limited (NYSE:G) Shares Bought by State of Alaska Department of Revenue

State of Alaska Department of Revenue grew its stake in shares of Genpact Limited (NYSE:GGet Rating) by 0.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,090 shares of the business services provider’s stock after acquiring an additional 319 shares during the period. State of Alaska Department of Revenue owned about 0.05% of Genpact worth $4,027,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. DekaBank Deutsche Girozentrale bought a new position in shares of Genpact in the 1st quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in shares of Genpact in the 1st quarter worth about $30,000. Quent Capital LLC bought a new position in shares of Genpact in the 4th quarter worth about $37,000. CWM LLC lifted its position in shares of Genpact by 56.1% in the 1st quarter. CWM LLC now owns 1,027 shares of the business services provider’s stock worth $45,000 after buying an additional 369 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Genpact by 36.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,459 shares of the business services provider’s stock worth $77,000 after buying an additional 390 shares during the last quarter. 95.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Citigroup reduced their price target on shares of Genpact from $55.00 to $52.00 and set a “buy” rating on the stock in a research report on Wednesday, July 20th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $53.00.

Genpact Trading Down 0.0 %

Shares of NYSE:G opened at $45.55 on Thursday. The company has a market cap of $8.36 billion, a PE ratio of 25.31, a P/E/G ratio of 1.57 and a beta of 1.34. The company’s 50-day moving average price is $46.68 and its 200 day moving average price is $44.05. Genpact Limited has a fifty-two week low of $37.68 and a fifty-two week high of $54.03. The company has a quick ratio of 1.58, a current ratio of 1.58 and a debt-to-equity ratio of 0.72.

Genpact (NYSE:GGet Rating) last issued its quarterly earnings data on Thursday, August 4th. The business services provider reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.04. The firm had revenue of $1.09 billion for the quarter, compared to the consensus estimate of $1.07 billion. Genpact had a net margin of 8.09% and a return on equity of 22.29%. Genpact’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the firm posted $0.56 EPS. Sell-side analysts anticipate that Genpact Limited will post 2.4 earnings per share for the current year.

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 23rd. Shareholders of record on Friday, September 9th will be paid a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $0.50 annualized dividend and a yield of 1.10%. Genpact’s payout ratio is 27.78%.

Insider Buying and Selling at Genpact

In other Genpact news, SVP Heather White sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 12th. The shares were sold at an average price of $48.36, for a total transaction of $725,400.00. Following the transaction, the senior vice president now owns 30,587 shares of the company’s stock, valued at approximately $1,479,187.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, SVP Heather White sold 15,000 shares of Genpact stock in a transaction that occurred on Friday, August 12th. The shares were sold at an average price of $48.36, for a total value of $725,400.00. Following the transaction, the senior vice president now owns 30,587 shares of the company’s stock, valued at approximately $1,479,187.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Balkrishan Kalra sold 10,000 shares of Genpact stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $47.35, for a total transaction of $473,500.00. Following the completion of the transaction, the senior vice president now directly owns 183,685 shares in the company, valued at approximately $8,697,484.75. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,713 shares of company stock valued at $3,362,269. Company insiders own 2.67% of the company’s stock.

Genpact Profile

(Get Rating)

Genpact Limited provides business process outsourcing and information technology (IT) services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Banking, Capital Markets and Insurance; Consumer Goods, Retail, Life Sciences and Healthcare; and High Tech, Manufacturing and Services.

Recommended Stories

Want to see what other hedge funds are holding G? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Genpact Limited (NYSE:GGet Rating).

Institutional Ownership by Quarter for Genpact (NYSE:G)

Receive News & Ratings for Genpact Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genpact and related companies with MarketBeat.com's FREE daily email newsletter.