Genpact Limited $G Stock Position Increased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its position in Genpact Limited (NYSE:G) by 4.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 208,927 shares of the business services provider’s stock after purchasing an additional 9,266 shares during the period. Kingsview Wealth Management LLC owned approximately 0.12% of Genpact worth $9,195,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in G. JPMorgan Chase & Co. boosted its position in shares of Genpact by 20.9% during the first quarter. JPMorgan Chase & Co. now owns 4,111,340 shares of the business services provider’s stock worth $207,129,000 after buying an additional 710,704 shares during the period. Geode Capital Management LLC raised its stake in Genpact by 2.5% during the 2nd quarter. Geode Capital Management LLC now owns 3,645,967 shares of the business services provider’s stock valued at $160,480,000 after acquiring an additional 90,541 shares in the last quarter. Alliancebernstein L.P. boosted its position in Genpact by 4.1% during the 1st quarter. Alliancebernstein L.P. now owns 3,045,542 shares of the business services provider’s stock worth $153,434,000 after acquiring an additional 118,689 shares during the period. Nordea Investment Management AB grew its stake in shares of Genpact by 60.2% in the second quarter. Nordea Investment Management AB now owns 2,617,255 shares of the business services provider’s stock worth $114,924,000 after purchasing an additional 983,774 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Genpact by 8.8% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,501,688 shares of the business services provider’s stock worth $110,099,000 after purchasing an additional 203,015 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analysts Set New Price Targets

G has been the subject of several research analyst reports. Citigroup raised shares of Genpact to a “hold” rating in a report on Thursday, October 23rd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Genpact in a research note on Wednesday, October 8th. Needham & Company LLC raised 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. JPMorgan Chase & Co. cut their target price on Genpact from $55.00 to $50.00 and set a “neutral” rating for the company in a research report on Wednesday, August 20th. Finally, Wall Street Zen raised Genpact from a “hold” rating to a “buy” rating in a research note on Saturday. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $51.13.

Genpact Stock Down 0.4%

G stock opened at $44.87 on Monday. The firm has a market cap of $7.74 billion, a PE ratio of 14.47, a P/E/G ratio of 1.44 and a beta of 0.85. Genpact Limited has a 12 month low of $37.49 and a 12 month high of $56.76. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.51 and a quick ratio of 1.51. The firm has a 50 day simple moving average of $41.12 and a 200 day simple moving average of $43.16.

Genpact (NYSE:G) last posted its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.07. Genpact had a net margin of 11.01% and a return on equity of 22.55%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. During the same quarter in the previous year, the business posted $0.85 earnings per share. The firm’s quarterly revenue was up 6.6% compared to the same quarter last year. Genpact has set its FY 2025 guidance at 3.600-3.610 EPS. Q4 2025 guidance at 0.930-0.940 EPS. Equities research analysts forecast that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.5%. Genpact’s payout ratio is 21.94%.

Insider Buying and Selling

In other Genpact news, SVP Sameer Dewan sold 26,531 shares of the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $44.70, for a total transaction of $1,185,935.70. Following the sale, the senior vice president owned 62,617 shares in the company, valued at approximately $2,798,979.90. The trade was a 29.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Tamara Franklin sold 2,750 shares of the company’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $45.65, for a total transaction of $125,537.50. Following the sale, the director directly owned 22,236 shares of the company’s stock, valued at $1,015,073.40. This represents a 11.01% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 161,183 shares of company stock valued at $6,970,760. 2.80% of the stock is currently owned by company insiders.

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.