Pacer Advisors Inc. Raises Position in Genpact Limited $G

Pacer Advisors Inc. grew its holdings in shares of Genpact Limited (NYSE:G) by 40.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 765,204 shares of the business services provider’s stock after acquiring an additional 221,536 shares during the period. Pacer Advisors Inc.’s holdings in Genpact were worth $28,504,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NewEdge Advisors LLC raised its holdings in Genpact by 12.7% in the 1st quarter. NewEdge Advisors LLC now owns 14,369 shares of the business services provider’s stock worth $535,000 after purchasing an additional 1,622 shares during the period. Glenmede Trust Co. NA grew its holdings in Genpact by 41.4% during the first quarter. Glenmede Trust Co. NA now owns 151,155 shares of the business services provider’s stock valued at $5,631,000 after purchasing an additional 44,292 shares during the period. Access Investment Management LLC increased its position in Genpact by 2.3% in the first quarter. Access Investment Management LLC now owns 252,522 shares of the business services provider’s stock worth $9,406,000 after buying an additional 5,747 shares in the last quarter. Essential Partners LLC increased its position in Genpact by 10.6% in the first quarter. Essential Partners LLC now owns 10,214 shares of the business services provider’s stock worth $380,000 after buying an additional 979 shares in the last quarter. Finally, Edgestream Partners L.P. raised its stake in shares of Genpact by 862.8% in the first quarter. Edgestream Partners L.P. now owns 114,167 shares of the business services provider’s stock worth $4,253,000 after buying an additional 102,309 shares during the period. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Genpact Stock Up 0.0%

Shares of G opened at $35.19 on Tuesday. The business’s 50 day moving average is $30.96 and its 200 day moving average is $35.45. The company has a market capitalization of $5.96 billion, a PE ratio of 10.79, a price-to-earnings-growth ratio of 0.99 and a beta of 0.57. Genpact Limited has a 12-month low of $26.85 and a 12-month high of $48.64. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47.

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

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a dividend of $0.1875 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.1%. Genpact’s dividend payout ratio is currently 23.01%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on G. Mizuho lowered their price objective on Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Susquehanna lowered their price target on shares of Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Robert W. Baird dropped their price target on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. Weiss Ratings cut shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Finally, Needham & Company LLC restated a “buy” rating and set a $50.00 price objective on shares of Genpact in a research report on Friday, May 8th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.25.

About Genpact

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.