Gateway Wealth Partners LLC Purchases Shares of 16,905 Genpact Limited $G

Gateway Wealth Partners LLC acquired a new position in Genpact Limited (NYSE:G) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,905 shares of the business services provider’s stock, valued at approximately $630,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in G. AQR Capital Management LLC boosted its position in shares of Genpact by 90.9% during the 4th quarter. AQR Capital Management LLC now owns 6,575,115 shares of the business services provider’s stock valued at $307,584,000 after purchasing an additional 3,131,643 shares in the last quarter. FIL Ltd increased its holdings in Genpact by 114.4% in the fourth quarter. FIL Ltd now owns 4,802,854 shares of the business services provider’s stock worth $224,678,000 after purchasing an additional 2,562,484 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Genpact by 26.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,010,764 shares of the business services provider’s stock worth $234,409,000 after purchasing an additional 1,032,554 shares in the last quarter. Nalanda India Equity Fund Ltd increased its holdings in Genpact by 8.0% in the fourth quarter. Nalanda India Equity Fund Ltd now owns 13,702,500 shares of the business services provider’s stock worth $641,003,000 after purchasing an additional 1,015,556 shares in the last quarter. Finally, Millennium Management LLC lifted its stake in Genpact by 1,531.9% in the fourth quarter. Millennium Management LLC now owns 1,046,671 shares of the business services provider’s stock valued at $48,963,000 after buying an additional 982,532 shares during the period. 96.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Genpact in a report on Friday, May 8th. Mizuho lowered their price objective on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of Genpact in a report on Friday, July 10th. TD Cowen decreased their price target on shares of Genpact from $47.00 to $42.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Finally, Susquehanna dropped their price objective on shares of Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $40.25.

Genpact Price Performance

Shares of NYSE:G opened at $35.40 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The stock’s fifty day simple moving average is $30.83 and its two-hundred day simple moving average is $35.61. Genpact Limited has a 1-year low of $26.85 and a 1-year high of $48.64. The stock has a market cap of $6.00 billion, a PE ratio of 10.86, a price-to-earnings-growth ratio of 1.04 and a beta of 0.61.

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

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date is Thursday, September 10th. Genpact’s dividend payout ratio (DPR) is 23.01%.

About Genpact

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.