IFP Advisors Inc Has $157,000 Stock Holdings in Genpact Limited $G

IFP Advisors Inc increased its stake in shares of Genpact Limited (NYSE:G) by 35.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,529 shares of the business services provider’s stock after purchasing an additional 917 shares during the quarter. IFP Advisors Inc’s holdings in Genpact were worth $157,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in G. Sumitomo Mitsui Trust Group Inc. acquired a new position in Genpact during the 1st quarter worth approximately $115,807,000. Clark Capital Management Group Inc. acquired a new position in Genpact during the 1st quarter worth approximately $64,842,000. Ameriprise Financial Inc. increased its position in Genpact by 109.8% during the 1st quarter. Ameriprise Financial Inc. now owns 1,615,220 shares of the business services provider’s stock worth $81,375,000 after purchasing an additional 845,393 shares in the last quarter. JPMorgan Chase & Co. increased its position in Genpact by 20.9% during the 1st quarter. JPMorgan Chase & Co. now owns 4,111,340 shares of the business services provider’s stock worth $207,129,000 after purchasing an additional 710,704 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its position in Genpact by 421.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 767,386 shares of the business services provider’s stock valued at $38,662,000 after acquiring an additional 620,201 shares during the period. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 55,000 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $43.36, for a total value of $2,384,800.00. Following the transaction, the chief executive officer directly owned 295,246 shares of the company’s stock, valued at approximately $12,801,866.56. This trade represents a 15.70% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Piyush Mehta sold 76,902 shares of the firm’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $42.58, for a total transaction of $3,274,487.16. Following the completion of the transaction, the senior vice president directly owned 134,880 shares in the company, valued at $5,743,190.40. This trade represents a 36.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.07% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on G. Wall Street Zen downgraded shares of Genpact from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Genpact in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Genpact in a research note on Thursday, July 17th. They set a “hold” rating and a $47.00 price target for the company. Mizuho raised their price target on shares of Genpact from $48.00 to $51.00 and gave the company a “neutral” rating in a research note on Tuesday, July 1st. Finally, Needham & Company LLC raised their price target on shares of Genpact from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $52.29.

Genpact Stock Up 1.3%

Shares of NYSE G opened at $39.48 on Friday. The firm has a market cap of $6.88 billion, a PE ratio of 13.11, a P/E/G ratio of 1.34 and a beta of 0.89. Genpact Limited has a 12-month low of $37.82 and a 12-month high of $56.76. The company’s fifty day simple moving average is $42.67 and its 200 day simple moving average is $44.22. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.32.

Genpact (NYSE:G) last issued its earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.03. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Genpact had a net margin of 10.92% and a return on equity of 22.15%. Genpact’s revenue was up 6.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.79 earnings per share. Genpact has set its FY 2025 guidance at 3.510-3.580 EPS. Q3 2025 guidance at 0.890-0.900 EPS. As a group, sell-side analysts forecast that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $0.68 annualized dividend and a yield of 1.7%. Genpact’s dividend payout ratio is currently 22.59%.

Genpact Company 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.