Teachers Retirement System of The State of Kentucky Cuts Stake in Genpact Limited (NYSE:G)

Teachers Retirement System of The State of Kentucky reduced its stake in shares of Genpact Limited (NYSE:G) by 9.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 235,357 shares of the business services provider’s stock after selling 23,876 shares during the quarter. Teachers Retirement System of The State of Kentucky owned 0.12% of Genpact worth $7,470,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. BlackRock Inc. grew its position in shares of Genpact by 6.6% in the fourth quarter. BlackRock Inc. now owns 12,772,040 shares of the business services provider’s stock valued at $405,384,000 after purchasing an additional 785,600 shares during the last quarter. Brown Advisory Inc. grew its position in shares of Genpact by 2.0% in the third quarter. Brown Advisory Inc. now owns 12,598,190 shares of the business services provider’s stock valued at $362,198,000 after purchasing an additional 247,088 shares during the last quarter. Alliancebernstein L.P. grew its position in shares of Genpact by 10.4% in the fourth quarter. Alliancebernstein L.P. now owns 3,158,448 shares of the business services provider’s stock valued at $100,249,000 after purchasing an additional 297,894 shares during the last quarter. Pzena Investment Management LLC grew its position in shares of Genpact by 7.7% in the fourth quarter. Pzena Investment Management LLC now owns 2,843,211 shares of the business services provider’s stock valued at $90,243,000 after purchasing an additional 204,077 shares during the last quarter. Finally, Congress Asset Management Co. MA grew its position in shares of Genpact by 1.9% in the fourth quarter. Congress Asset Management Co. MA now owns 2,665,625 shares of the business services provider’s stock valued at $84,607,000 after purchasing an additional 50,390 shares during the last quarter. Institutional investors own 91.01% of the company’s stock.

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In other Genpact news, Director James C. Madden sold 4,270 shares of the stock in a transaction that occurred on Thursday, February 15th. The shares were sold at an average price of $30.92, for a total transaction of $132,028.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Arvinder Singh sold 22,690 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $33.95, for a total transaction of $770,325.50. The disclosure for this sale can be found here. Company insiders own 1.41% of the company’s stock.

Shares of NYSE G opened at $31.34 on Friday. Genpact Limited has a 1 year low of $23.34 and a 1 year high of $34.79. The company has a market cap of $6,139.10, a P/E ratio of 21.03, a PEG ratio of 2.04 and a beta of 0.60. The company has a current ratio of 1.71, a quick ratio of 1.71 and a debt-to-equity ratio of 0.71.

Genpact (NYSE:G) last posted its quarterly earnings results on Monday, February 12th. The business services provider reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. The company had revenue of $734.41 million for the quarter, compared to the consensus estimate of $723.55 million. Genpact had a net margin of 9.61% and a return on equity of 22.75%. Genpact’s revenue was up 7.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 earnings per share. sell-side analysts anticipate that Genpact Limited will post 1.55 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Friday, March 9th were paid a dividend of $0.075 per share. The ex-dividend date of this dividend was Thursday, March 8th. This represents a $0.30 dividend on an annualized basis and a yield of 0.96%. This is an increase from Genpact’s previous quarterly dividend of $0.06. Genpact’s dividend payout ratio (DPR) is currently 20.13%.

Several research firms have recently commented on G. Zacks Investment Research lowered shares of Genpact from a “buy” rating to a “hold” rating in a research report on Tuesday, January 9th. Cantor Fitzgerald restated a “buy” rating and set a $36.00 target price on shares of Genpact in a research report on Tuesday, February 13th. BMO Capital Markets raised their target price on shares of Genpact to $35.00 and gave the stock a “market perform” rating in a research report on Tuesday, February 13th. Citigroup decreased their target price on shares of Genpact from $39.00 to $37.50 and set a “buy” rating on the stock in a research report on Tuesday, February 13th. Finally, JPMorgan Chase decreased their target price on shares of Genpact from $38.00 to $37.00 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. One research analyst has rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Genpact currently has a consensus rating of “Buy” and an average target price of $34.65.

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Genpact Company Profile

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

Institutional Ownership by Quarter for Genpact (NYSE:G)

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