State of Alaska Department of Revenue lessened its holdings in shares of Genpact Limited (NYSE:G) by 54.4% in the third quarter, Holdings Channel.com reports. The institutional investor owned 14,721 shares of the business services provider’s stock after selling 17,572 shares during the quarter. State of Alaska Department of Revenue’s holdings in Genpact were worth $570,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also made changes to their positions in the company. Johnson Financial Group Inc. acquired a new position in Genpact during the 2nd quarter valued at about $31,000. Captrust Financial Advisors boosted its stake in Genpact by 109.8% during the 2nd quarter. Captrust Financial Advisors now owns 1,072 shares of the business services provider’s stock valued at $41,000 after purchasing an additional 561 shares during the period. Capital Bank & Trust Co acquired a new position in Genpact during the 2nd quarter valued at about $78,000. Parallel Advisors LLC boosted its stake in Genpact by 741.2% during the 2nd quarter. Parallel Advisors LLC now owns 3,003 shares of the business services provider’s stock valued at $114,000 after purchasing an additional 2,646 shares during the period. Finally, SRS Capital Advisors Inc. acquired a new position in Genpact during the 2nd quarter valued at about $133,000. 94.72% of the stock is owned by institutional investors and hedge funds.
In related news, major shareholder Bain Capital Investors Llc sold 10,621,804 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $40.51, for a total transaction of $430,289,280.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Private Ltd Gic sold 1,878,196 shares of the stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $40.51, for a total transaction of $76,085,719.96. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,580,720 shares of company stock valued at $509,578,468. Company insiders own 1.86% of the company’s stock.
Shares of NYSE:G traded up $0.03 during trading on Friday, reaching $39.03. The company had a trading volume of 7,534 shares, compared to its average volume of 876,199. The firm’s fifty day moving average is $39.34 and its 200 day moving average is $38.06. The firm has a market capitalization of $7.40 billion, a PE ratio of 24.39, a price-to-earnings-growth ratio of 2.05 and a beta of 0.80. Genpact Limited has a twelve month low of $25.48 and a twelve month high of $44.55. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.46 and a current ratio of 1.46.
Genpact (NYSE:G) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.41 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.41. The company had revenue of $882.79 million during the quarter, compared to analyst estimates of $824.84 million. Genpact had a net margin of 8.77% and a return on equity of 21.87%. The business’s revenue for the quarter was up 21.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.41 EPS. Equities analysts predict that Genpact Limited will post 1.69 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 20th. Stockholders of record on Wednesday, September 11th were paid a $0.085 dividend. This represents a $0.34 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Tuesday, September 10th. Genpact’s dividend payout ratio is currently 21.25%.
Genpact Company Profile
Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; invoice-to-cash services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.
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