Retirement Systems of Alabama Sells 28,160 Shares of Genpact Limited (NYSE:G)

Retirement Systems of Alabama reduced its holdings in Genpact Limited (NYSE:G) by 6.5% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 406,445 shares of the business services provider’s stock after selling 28,160 shares during the quarter. Retirement Systems of Alabama’s holdings in Genpact were worth $17,457,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Franklin Resources Inc. grew its holdings in Genpact by 6.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,148,185 shares of the business services provider’s stock valued at $162,318,000 after buying an additional 252,674 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Genpact by 12.6% in the third quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock valued at $148,142,000 after acquiring an additional 413,646 shares during the period. JPMorgan Chase & Co. grew its stake in shares of Genpact by 192.8% in the third quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock worth $122,701,000 after acquiring an additional 2,060,595 shares during the last quarter. ARGA Investment Management LP grew its stake in shares of Genpact by 14.1% in the fourth quarter. ARGA Investment Management LP now owns 772,917 shares of the business services provider’s stock worth $33,197,000 after acquiring an additional 95,413 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Genpact during the third quarter worth $19,779,000. 96.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

G has been the subject of a number of research reports. Robert W. Baird increased 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. Jefferies Financial Group raised Genpact from a “hold” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $55.00 in a research report on Tuesday, January 21st. Needham & Company LLC boosted their price target on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Finally, TD Cowen raised their price objective on Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Six analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Genpact has a consensus rating of “Hold” and an average price target of $44.50.

Insider Buying and Selling

In other Genpact news, CEO Balkrishan Kalra sold 9,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $46.40, for a total value of $417,600.00. Following the transaction, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at approximately $12,407,545.60. This trade represents a 3.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Piyush Mehta sold 12,000 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction of $513,960.00. Following the sale, the senior vice president now owns 151,182 shares of the company’s stock, valued at $6,475,125.06. The trade was a 7.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 35,058 shares of company stock worth $1,558,675 in the last quarter. 2.80% of the stock is owned by corporate insiders.

Genpact Trading Down 0.1 %

G stock opened at $49.38 on Friday. 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 firm has a market cap of $8.71 billion, a P/E ratio of 13.56, a P/E/G ratio of 1.61 and a beta of 1.20. Genpact Limited has a 1-year low of $30.23 and a 1-year high of $49.68. The business’s 50 day moving average is $44.86 and its 200-day moving average is $41.09.

Genpact (NYSE:G) last released its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a return on equity of 21.85% and a net margin of 14.22%. Equities analysts anticipate that Genpact Limited will post 2.94 earnings per share for the current fiscal year.

Genpact 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.