Genpact Limited $G Stake Boosted by Allianz Asset Management GmbH

Allianz Asset Management GmbH grew its stake in shares of Genpact Limited (NYSE:G) by 41.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 629,887 shares of the business services provider’s stock after acquiring an additional 183,185 shares during the period. Allianz Asset Management GmbH owned 0.36% of Genpact worth $27,721,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Genpact by 59.2% in the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,355 shares of the business services provider’s stock valued at $522,000 after purchasing an additional 3,849 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Genpact by 20.6% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,650 shares of the business services provider’s stock valued at $486,000 after purchasing an additional 1,651 shares during the last quarter. Wright Investors Service Inc. acquired a new stake in shares of Genpact in the 2nd quarter valued at $457,000. GAMMA Investing LLC lifted its stake in shares of Genpact by 88.0% in the 1st quarter. GAMMA Investing LLC now owns 9,744 shares of the business services provider’s stock valued at $491,000 after purchasing an additional 4,561 shares during the last quarter. Finally, Acadian Asset Management LLC acquired a new stake in shares of Genpact in the 1st quarter valued at $1,191,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on G shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Genpact in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Genpact from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Mizuho boosted their target price on shares of Genpact from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genpact in a research report on Thursday, July 17th. They set a “hold” rating and a $47.00 target price for the company. Finally, JPMorgan Chase & Co. cut their target price on shares of Genpact from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, August 20th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $52.29.

Insider Transactions at Genpact

In related news, CEO Balkrishan Kalra sold 55,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer owned 295,246 shares of the company’s stock, valued at $12,801,866.56. The trade was a 15.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Piyush Mehta sold 76,902 shares of the company’s stock in a transaction dated 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 sale, the senior vice president directly owned 134,880 shares in the company, valued at approximately $5,743,190.40. The trade was a 36.31% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.07% of the company’s stock.

Genpact Stock Up 1.3%

Shares of G opened at $39.48 on Friday. The company has a 50-day simple moving average of $42.67 and a 200-day simple moving average of $44.17. The firm has a market capitalization of $6.88 billion, a P/E ratio of 13.11, a P/E/G ratio of 1.35 and a beta of 0.89. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.53 and a current ratio of 1.53. Genpact Limited has a 52 week low of $37.82 and a 52 week high of $56.76.

Genpact (NYSE:G) last announced its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. The business had revenue of $1.25 billion during 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%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter in the prior year, the business 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. On average, equities research analysts expect that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Announces Dividend

The firm 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 $0.17 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. Genpact’s payout ratio is presently 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.