VIRGINIA RETIREMENT SYSTEMS ET Al Takes Position in Genpact Limited $G

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of Genpact Limited (NYSE:G) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 16,300 shares of the business services provider’s stock, valued at approximately $683,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Genpact by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 3,645,967 shares of the business services provider’s stock valued at $160,480,000 after acquiring an additional 90,541 shares during the last quarter. Nordea Investment Management AB increased its stake in Genpact by 60.2% in the 2nd quarter. Nordea Investment Management AB now owns 2,617,255 shares of the business services provider’s stock worth $114,924,000 after purchasing an additional 983,774 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in Genpact by 8.8% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,501,688 shares of the business services provider’s stock worth $110,099,000 after buying an additional 203,015 shares during the period. Ameriprise Financial Inc. lifted its stake in Genpact by 34.1% during the second quarter. Ameriprise Financial Inc. now owns 2,166,489 shares of the business services provider’s stock valued at $95,347,000 after buying an additional 551,269 shares in the last quarter. Finally, LSV Asset Management acquired a new position in shares of Genpact in the second quarter worth about $71,592,000. 96.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Tamara Franklin sold 2,750 shares of Genpact stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $45.65, for a total value of $125,537.50. Following the transaction, the director owned 22,236 shares in the company, valued at $1,015,073.40. This trade represents a 11.01% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Sameer Dewan sold 26,531 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $44.70, for a total transaction of $1,185,935.70. Following the sale, the senior vice president owned 62,617 shares of the company’s stock, valued at $2,798,979.90. This trade represents a 29.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on G. Weiss Ratings restated a “hold (c+)” rating on shares of Genpact in a report on Friday, December 26th. Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, December 13th. Susquehanna initiated coverage on Genpact in a research report on Friday, December 12th. They set a “neutral” rating and a $50.00 price objective for the company. Finally, Citigroup upgraded Genpact to a “hold” rating in a report on Thursday, October 23rd. Three research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Genpact presently has a consensus rating of “Hold” and a consensus price target of $51.00.

Genpact Trading Down 1.8%

Genpact stock opened at $45.95 on Monday. Genpact Limited has a one year low of $37.49 and a one year high of $56.76. The company’s fifty day moving average price is $44.59 and its two-hundred day moving average price is $43.63. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.51 and a quick ratio of 1.51. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of 14.82, a PEG ratio of 1.36 and a beta of 0.75.

Genpact (NYSE:G) last released its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.07. The company had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. Genpact had a return on equity of 22.55% and a net margin of 11.01%.The firm’s revenue was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 EPS. Genpact has set its FY 2025 guidance at 3.600-3.610 EPS and its Q4 2025 guidance at 0.930-0.940 EPS. On average, analysts forecast that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.5%. The ex-dividend date was Tuesday, December 9th. Genpact’s dividend payout ratio (DPR) is 21.94%.

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.