Genpact Limited (NYSE:G) Shares Sold by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio lowered its holdings in Genpact Limited (NYSE:G) by 4.7% in the third quarter, Holdings Channel.com reports. The firm owned 63,795 shares of the business services provider’s stock after selling 3,178 shares during the period. Public Employees Retirement System of Ohio’s holdings in Genpact were worth $2,501,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in G. CWM LLC boosted its holdings in shares of Genpact by 160.8% in the 2nd quarter. CWM LLC now owns 952 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 587 shares during the last quarter. Venturi Wealth Management LLC raised its position in shares of Genpact by 74.6% in the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after buying an additional 1,121 shares during the period. GAMMA Investing LLC boosted its holdings in Genpact by 221.3% in the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 2,293 shares during the last quarter. Centaurus Financial Inc. purchased a new stake in Genpact during the third quarter valued at about $159,000. Finally, Greenleaf Trust acquired a new stake in Genpact during the third quarter worth about $210,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Stock Performance

Genpact stock opened at $43.25 on Wednesday. Genpact Limited has a 52 week low of $30.23 and a 52 week high of $47.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The stock has a market cap of $7.63 billion, a P/E ratio of 11.90, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18. The stock has a 50 day moving average of $42.46 and a 200-day moving average of $37.89.

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Monday, December 9th. Genpact’s dividend payout ratio is currently 16.76%.

Insider Transactions at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of the business’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $44.60, for a total transaction of $606,560.00. Following the completion of the sale, the chief executive officer now owns 267,404 shares in the company, valued at $11,926,218.40. The trade was a 4.84 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 23,058 shares of company stock valued at $1,044,715. Insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Robert W. Baird raised their price target on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. JPMorgan Chase & Co. raised their target price on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Jefferies Financial Group upped their price target on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Needham & Company LLC raised their price objective on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Finally, TD Cowen upped their target price on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $42.33.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology 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 Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.