Genpact Limited $G Position Lowered by Vanguard Group Inc.

Vanguard Group Inc. decreased its stake in shares of Genpact Limited (NYSE:G) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 16,103,229 shares of the business services provider’s stock after selling 403,990 shares during the quarter. Vanguard Group Inc. owned 0.09% of Genpact worth $753,309,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of G. Quent Capital LLC bought a new position in shares of Genpact during the third quarter worth about $27,000. Westside Investment Management Inc. lifted its holdings in Genpact by 193.5% in the third quarter. Westside Investment Management Inc. now owns 678 shares of the business services provider’s stock worth $28,000 after acquiring an additional 447 shares during the last quarter. iSAM Funds UK Ltd bought a new position in Genpact in the third quarter worth about $29,000. Johnson Financial Group Inc. bought a new position in Genpact in the third quarter worth about $29,000. Finally, V Square Quantitative Management LLC bought a new position in Genpact in the fourth quarter worth about $30,000. Institutional investors own 96.03% of the company’s stock.

Insider Transactions at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 2,800 shares of the company’s stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $40.77, for a total transaction of $114,156.00. Following the sale, the chief executive officer directly owned 525,007 shares of the company’s stock, valued at approximately $21,404,535.39. This represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.58% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on G shares. Susquehanna set a $42.00 price target on Genpact in a report on Friday, February 6th. Mizuho cut their price target on Genpact from $51.00 to $49.00 and set a “neutral” rating on the stock in a report on Tuesday, February 10th. Needham & Company LLC dropped their target price on Genpact from $53.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Citigroup raised Genpact from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Finally, Wall Street Zen cut Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Genpact presently has a consensus rating of “Hold” and an average target price of $47.29.

Genpact Stock Down 1.1%

G stock opened at $34.36 on Friday. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.46. Genpact Limited has a 1 year low of $33.14 and a 1 year high of $50.41. The company has a fifty day simple moving average of $37.51 and a 200 day simple moving average of $41.45. The firm has a market cap of $5.83 billion, a PE ratio of 10.98, a PEG ratio of 1.01 and a beta of 0.61.

Genpact (NYSE:G) last released its quarterly earnings results on Friday, February 6th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.04. The company had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. Genpact had a net margin of 10.88% and a return on equity of 22.02%. The business’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the prior year, the company earned $0.91 earnings per share. Sell-side analysts anticipate that Genpact Limited will post 3.6 EPS for the current fiscal year.

Genpact Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, June 10th. Genpact’s dividend payout ratio is 23.96%.

Genpact Company Profile

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.