Legal & General Group Plc Decreases Holdings in Genpact Limited $G

Legal & General Group Plc decreased its stake in Genpact Limited (NYSE:GFree Report) by 20.0% during the 4th quarter, Holdings Channel reports. The firm owned 266,507 shares of the business services provider’s stock after selling 66,471 shares during the quarter. Legal & General Group Plc’s holdings in Genpact were worth $12,467,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of G. Westside Investment Management Inc. raised its position in shares of Genpact by 193.5% during the 3rd quarter. Westside Investment Management Inc. now owns 678 shares of the business services provider’s stock worth $28,000 after purchasing an additional 447 shares during the last quarter. iSAM Funds UK Ltd acquired a new stake in Genpact in the 3rd quarter worth about $29,000. Johnson Financial Group Inc. purchased a new stake in Genpact during the 3rd quarter worth approximately $29,000. V Square Quantitative Management LLC acquired a new position in shares of Genpact during the fourth quarter valued at approximately $30,000. Finally, Shell Asset Management Co. acquired a new position in shares of Genpact during the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Trading Down 4.1%

G opened at $33.04 on Wednesday. The stock has a market capitalization of $5.60 billion, a PE ratio of 10.14, a P/E/G ratio of 0.97 and a beta of 0.58. Genpact Limited has a one year low of $28.78 and a one year high of $48.64. 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’s 50 day moving average price is $34.60 and its 200 day moving average price is $40.34.

Genpact (NYSE:GGet Free Report) last posted its earnings results on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (EPS) for the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%.The company had revenue of $1.30 billion during the quarter. As a group, equities research analysts expect that Genpact Limited will post 3.64 EPS for the current year.

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be given a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, June 10th. Genpact’s dividend payout ratio (DPR) is presently 23.01%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Robert W. Baird lowered 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. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Genpact in a research note on Friday, May 8th. Citigroup decreased their price objective on Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Wall Street Zen cut shares of Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Genpact in a report on Friday, May 8th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, Genpact presently has a consensus rating of “Hold” and an average price target of $43.29.

Get Our Latest Analysis on Genpact

Key Headlines Impacting Genpact

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About Genpact

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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