Commonwealth of Pennsylvania Public School Empls Retrmt SYS Raises Holdings in Genpact Limited (NYSE:G)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Genpact Limited (NYSE:G) by 8.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 81,895 shares of the business services provider’s stock after buying an additional 6,097 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Genpact were worth $3,077,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of G. Neuberger Berman Group LLC boosted its position in shares of Genpact by 2.2% in the 1st quarter. Neuberger Berman Group LLC now owns 12,165 shares of the business services provider’s stock valued at $529,000 after purchasing an additional 258 shares during the period. Pathstone Family Office LLC raised its stake in Genpact by 1.8% during the 4th quarter. Pathstone Family Office LLC now owns 15,076 shares of the business services provider’s stock valued at $697,000 after acquiring an additional 265 shares during the last quarter. Cooper Financial Group lifted its position in Genpact by 5.2% during the 2nd quarter. Cooper Financial Group now owns 5,492 shares of the business services provider’s stock worth $206,000 after acquiring an additional 270 shares during the period. American Trust lifted its stake in shares of Genpact by 2.8% in the 4th quarter. American Trust now owns 10,888 shares of the business services provider’s stock worth $504,000 after acquiring an additional 298 shares during the period. Finally, Belpointe Asset Management LLC lifted its holdings in shares of Genpact by 27.6% in the 1st quarter. Belpointe Asset Management LLC now owns 1,446 shares of the business services provider’s stock valued at $67,000 after buying an additional 313 shares during the period. 96.33% of the stock is currently owned by hedge funds and other institutional investors.

Genpact Trading Up 1.6 %

Shares of NYSE G opened at $33.94 on Monday. Genpact Limited has a 12 month low of $29.41 and a 12 month high of $48.58. The company has a market cap of $6.16 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 1.59 and a beta of 1.17. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 0.61. The business has a fifty day simple moving average of $35.24 and a 200-day simple moving average of $36.77.

Genpact Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Friday, December 8th will be given a $0.1375 dividend. This represents a $0.55 annualized dividend and a yield of 1.62%. The ex-dividend date is Thursday, December 7th. Genpact’s payout ratio is currently 23.71%.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on G shares. Needham & Company LLC dropped their price target on Genpact from $50.00 to $40.00 and set a “buy” rating for the company in a research report on Thursday, November 9th. Wedbush reiterated a “neutral” rating and issued a $45.00 price target on shares of Genpact in a report on Thursday, August 10th. Deutsche Bank Aktiengesellschaft lowered their price target on Genpact from $48.00 to $37.00 in a report on Thursday, August 10th. BMO Capital Markets lowered their price objective on Genpact from $46.00 to $41.00 and set a “market perform” rating for the company in a research note on Thursday, August 10th. Finally, Robert W. Baird lowered their price objective on Genpact from $48.00 to $44.00 in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $40.88.

Genpact Profile

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: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The company offers CFO advisory services; and environmental, social, and governance (ESG) services, such as data management, carbon accounting, human rights assessment, sustainability diligence, and ESG reporting.