Thu Sep 26 14:04:04 UTC 2024: ## Canada Pension Plan Trims Genpact Holdings Amid Mixed Investor Sentiment

**New York, NY – September 26, 2024** – The Canada Pension Plan Investment Board (CPPIB) trimmed its holdings in Genpact Limited (NYSE:G) by 10.3% during the second quarter, according to its recent SEC filing. CPPIB now owns 110,900 shares of the business services provider, representing approximately 0.06% of Genpact’s value.

While CPPIB reduced its stake, other institutional investors have been increasing their positions in Genpact. Notably, Versant Capital Management Inc boosted its holdings by a significant 4,717.8% during the second quarter. Several other investors, including CWM LLC, EverSource Wealth Advisors LLC, Massmutual Trust Co., and Parallel Advisors LLC, also increased their positions in the company.

This mixed investor sentiment comes amid positive analyst ratings. BMO Capital Markets, TD Cowen, Jefferies Financial Group, JPMorgan Chase & Co., and Needham & Company LLC all raised their price targets for Genpact in recent reports. Overall, eight analysts have rated the stock with a hold rating and two have given a buy rating, resulting in a consensus rating of “Hold” and a consensus target price of $38.78.

Genpact’s recent performance has been strong. The company exceeded analysts’ expectations for both earnings and revenue in the second quarter, reporting $0.69 EPS and $1.18 billion in revenue. The company also recently declared a quarterly dividend of $0.1525 per share, representing an annualized dividend of $0.61 and a yield of 1.58%.

Genpact is a leading provider of business process outsourcing and information technology services, operating across various sectors, including financial services, consumer and healthcare, and high tech and manufacturing. The company’s strong performance and positive analyst outlook suggest a positive trajectory for Genpact in the future.

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