Quantinno Capital Management LP Lowers Position in Genpact Limited $G

Quantinno Capital Management LP trimmed its position in shares of Genpact Limited (NYSE:G) by 16.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,595,073 shares of the business services provider’s stock after selling 317,391 shares during the quarter. Quantinno Capital Management LP’s holdings in Genpact were worth $59,417,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Osbon Capital Management LLC acquired a new stake in Genpact in the fourth quarter valued at about $25,000. iSAM Funds UK Ltd purchased a new stake in Genpact in the 3rd quarter valued at approximately $29,000. Johnson Financial Group Inc. purchased a new stake in Genpact in the 3rd quarter valued at approximately $29,000. V Square Quantitative Management LLC acquired a new position in Genpact during the 4th quarter worth approximately $30,000. Finally, Larson Financial Group LLC increased its position in Genpact by 428.4% during the 4th quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock worth $33,000 after purchasing an additional 574 shares during the period. 96.03% of the stock is owned by hedge funds and other institutional investors.

Genpact Stock Performance

Shares of G stock opened at $34.61 on Wednesday. The stock has a fifty day moving average price of $30.67 and a 200 day moving average price of $35.78. 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 stock has a market cap of $5.87 billion, a PE ratio of 10.62, a P/E/G ratio of 0.91 and a beta of 0.61. Genpact Limited has a 1 year low of $26.85 and a 1 year high of $48.64.

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

Genpact Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be given a $0.1875 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.75 annualized dividend and a dividend yield of 2.2%. Genpact’s payout ratio is currently 23.01%.

Analyst Ratings Changes

Several analysts have recently commented on the company. Mizuho reduced their price target on Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Susquehanna dropped their price objective on Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Weiss Ratings downgraded Genpact from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 24th. Robert W. Baird decreased their target price on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 7th. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of Genpact in a report on Friday, July 10th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $40.25.

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.