Pacer Advisors Inc. Reduces Stock Position in Genpact Limited $G

Pacer Advisors Inc. lessened its holdings in Genpact Limited (NYSE:G) by 13.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 543,668 shares of the business services provider’s stock after selling 84,109 shares during the period. Pacer Advisors Inc.’s holdings in Genpact were worth $25,433,000 at the end of the most recent quarter.

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

Genpact Price Performance

Shares of G opened at $28.22 on Friday. The company has a 50 day moving average price of $32.90 and a 200-day moving average price of $39.11. Genpact Limited has a fifty-two week low of $27.36 and a fifty-two week high of $48.64. The stock has a market capitalization of $4.78 billion, a PE ratio of 8.66, a PEG ratio of 0.80 and a beta of 0.58. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.69.

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

Genpact Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, June 10th. Genpact’s dividend payout ratio (DPR) is 23.01%.

Wall Street Analyst Weigh In

A number of equities analysts have commented on G shares. Citigroup dropped their target price on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Susquehanna lowered their price target on Genpact from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Genpact in a research note on Friday, May 8th. Wall Street Zen lowered Genpact from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Robert W. Baird lowered their target price on Genpact from $54.00 to $45.00 and set a “neutral” rating for the company in a report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $43.29.

Genpact 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.