VIRGINIA RETIREMENT SYSTEMS ET Al Acquires Shares of 52,800 Genpact Limited $G

VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in Genpact Limited (NYSE:G) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 52,800 shares of the business services provider’s stock, valued at approximately $1,452,000.

A number of other hedge funds have also modified their holdings of G. Osbon Capital Management LLC acquired a new position in shares of Genpact in the 4th quarter valued at $25,000. iSAM Funds UK Ltd acquired a new stake in Genpact during the 3rd quarter worth $29,000. Johnson Financial Group Inc. acquired a new stake in Genpact during the 3rd quarter worth $29,000. Larson Financial Group LLC grew its position in Genpact by 428.4% during the 4th quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock worth $33,000 after purchasing an additional 574 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in Genpact during the 4th quarter worth $33,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Genpact Stock Up 2.1%

Shares of Genpact stock opened at $35.14 on Friday. The company has a market cap of $5.90 billion, a P/E ratio of 10.43, a PEG ratio of 0.93 and a beta of 0.58. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.00. Genpact Limited has a one year low of $26.85 and a one year high of $48.64. The firm has a fifty day moving average of $34.09 and a two-hundred day moving average of $34.29.

Genpact (NYSE:G) last issued its earnings results on Tuesday, June 30th. The business services provider reported $1.00 earnings per share for the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. The business had revenue of $1.34 billion for the quarter. On average, analysts forecast that Genpact Limited will post 3.66 earnings per share for the current year.

Genpact Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a $0.1875 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.75 dividend on an annualized basis and a yield of 2.1%. Genpact’s dividend payout ratio (DPR) is presently 22.26%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on G shares. Susquehanna upped their target price on shares of Genpact from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $31.00 price target on Genpact in a report on Friday, July 10th. TD Cowen boosted their price target on Genpact from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, August 7th. BMO Capital Markets reaffirmed a “market perform” rating and set a $40.00 price objective on shares of Genpact in a research note on Friday, August 7th. Finally, Citigroup increased their price objective on Genpact from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.33.

Insiders Place Their Bets

In other Genpact news, SVP Anil Nanduru sold 6,191 shares of Genpact stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $37.03, for a total value of $229,252.73. Following the sale, the senior vice president owned 70,253 shares of the company’s stock, valued at approximately $2,601,468.59. The trade was a 8.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.58% of the company’s stock.

About Genpact

Genpact is a global professional services and technology company that helps organizations transform business processes and improve operational performance. Its services combine artificial intelligence, data and analytics, cloud technologies, digital engineering, and process expertise to support functions such as finance and accounting, procurement, supply chain management, customer care, risk management, and insurance operations.

The company serves clients across industries including banking and capital markets, insurance, healthcare and life sciences, consumer goods and retail, high technology, manufacturing, and professional services.