Mutual of America Capital Management LLC Has $3.52 Million Holdings in Genpact Limited $G

Mutual of America Capital Management LLC lessened its holdings in Genpact Limited (NYSE:G) by 3.3% during the second quarter, HoldingsChannel reports. The fund owned 80,008 shares of the business services provider’s stock after selling 2,697 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Genpact were worth $3,521,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. William Blair Investment Management LLC raised its holdings in shares of Genpact by 23.0% in the 2nd quarter. William Blair Investment Management LLC now owns 10,393 shares of the business services provider’s stock worth $457,000 after acquiring an additional 1,943 shares during the last quarter. Nordea Investment Management AB raised its holdings in shares of Genpact by 60.2% in the 2nd quarter. Nordea Investment Management AB now owns 2,617,255 shares of the business services provider’s stock worth $114,924,000 after acquiring an additional 983,774 shares during the last quarter. TFC Financial Management Inc. raised its holdings in shares of Genpact by 30.1% in the 2nd quarter. TFC Financial Management Inc. now owns 2,264 shares of the business services provider’s stock worth $100,000 after acquiring an additional 524 shares during the last quarter. Allianz Asset Management GmbH increased its stake in Genpact by 41.0% in the 2nd quarter. Allianz Asset Management GmbH now owns 629,887 shares of the business services provider’s stock valued at $27,721,000 after buying an additional 183,185 shares during the last quarter. Finally, Ritholtz Wealth Management increased its stake in Genpact by 59.2% in the 2nd quarter. Ritholtz Wealth Management now owns 12,065 shares of the business services provider’s stock valued at $531,000 after buying an additional 4,487 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. JPMorgan Chase & Co. decreased their price objective on shares of Genpact from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Genpact in a research note on Thursday, July 17th. They issued a “hold” rating and a $47.00 price objective for the company. Mizuho increased their price objective 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. Needham & Company LLC increased their price objective 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. Finally, Wall Street Zen lowered shares of Genpact from a “buy” rating to a “hold” rating in a research note on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $51.13.

Insider Activity at Genpact

In related news, CEO Balkrishan Kalra sold 55,000 shares of the firm’s stock in a transaction that occurred 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 completion of 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 position. 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 that occurred on Friday, September 12th. The stock was 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 of the company’s stock, valued at approximately $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 currently owned by company insiders.

Genpact Stock Up 0.0%

Genpact stock opened at $39.79 on Friday. Genpact Limited has a twelve month low of $37.82 and a twelve month high of $56.76. The firm has a 50 day moving average price of $42.37 and a 200-day moving average price of $43.99. The company has a market capitalization of $6.93 billion, a P/E ratio of 13.22, a P/E/G ratio of 1.37 and a beta of 0.89. 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 released its earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same period in the prior year, the firm earned $0.79 EPS. The company’s revenue was up 6.6% compared to the same quarter last year. 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, equities analysts predict that Genpact Limited will post 3.21 EPS for the current year.

Genpact Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be issued a $0.17 dividend. 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 (DPR) is 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.