SG Americas Securities LLC Acquires 169,513 Shares of Genpact Limited $G

SG Americas Securities LLC grew its holdings in Genpact Limited (NYSE:G) by 318.9% during the first quarter, Holdings Channel reports. The firm owned 222,669 shares of the business services provider’s stock after acquiring an additional 169,513 shares during the quarter. SG Americas Securities LLC’s holdings in Genpact were worth $8,294,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in G. GAMMA Investing LLC grew its stake in Genpact by 2.6% during the fourth quarter. GAMMA Investing LLC now owns 9,637 shares of the business services provider’s stock worth $451,000 after purchasing an additional 241 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in Genpact by 47.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 823 shares of the business services provider’s stock valued at $39,000 after buying an additional 265 shares during the period. Verdence Capital Advisors LLC boosted its holdings in shares of Genpact by 2.3% during the 4th quarter. Verdence Capital Advisors LLC now owns 12,082 shares of the business services provider’s stock worth $565,000 after buying an additional 271 shares in the last quarter. AlphaCore Capital LLC boosted its holdings in shares of Genpact by 2.4% during the 4th quarter. AlphaCore Capital LLC now owns 11,634 shares of the business services provider’s stock worth $544,000 after buying an additional 272 shares in the last quarter. Finally, Flynn Zito Capital Management LLC boosted its stake in Genpact by 4.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 6,142 shares of the business services provider’s stock worth $287,000 after acquiring an additional 288 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on G shares. Wall Street Zen lowered shares of Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Robert W. Baird dropped their price target on Genpact from $54.00 to $45.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Mizuho cut their price target on Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Weiss Ratings downgraded Genpact from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price on shares of Genpact in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $43.29.

Genpact Price Performance

G stock opened at $28.58 on Friday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.69. The business has a 50-day simple moving average of $32.19 and a two-hundred day simple moving average of $38.52. The company has a market capitalization of $4.84 billion, a P/E ratio of 8.77, a price-to-earnings-growth ratio of 0.81 and a beta of 0.58. Genpact Limited has a 52-week low of $27.36 and a 52-week high of $48.64.

Genpact (NYSE:G) last issued its quarterly earnings data on Tuesday, March 31st. The business services provider reported $0.98 EPS for the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%.The firm had revenue of $1.30 billion during the quarter. Research analysts expect that Genpact Limited will post 3.64 EPS for the current fiscal year.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were given a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend was Wednesday, June 10th. Genpact’s dividend payout ratio is presently 23.01%.

Genpact 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.