Genpact Limited $G Shares Sold by Empowered Funds LLC

Empowered Funds LLC lowered its stake in Genpact Limited (NYSE:G) by 28.4% during the first quarter, Holdings Channel.com reports. The firm owned 232,848 shares of the business services provider’s stock after selling 92,531 shares during the quarter. Empowered Funds LLC’s holdings in Genpact were worth $11,731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in G. JPMorgan Chase & Co. increased its stake 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. Alliancebernstein L.P. grew its holdings 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Genpact in the 1st quarter valued at approximately $115,807,000. Tandem Investment Advisors Inc. increased its position in shares of Genpact by 6.6% in the 1st quarter. Tandem Investment Advisors Inc. now owns 2,270,143 shares of the business services provider’s stock valued at $114,370,000 after purchasing an additional 140,228 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Genpact by 109.8% in the 1st quarter. Ameriprise Financial Inc. now owns 1,615,220 shares of the business services provider’s stock valued at $81,375,000 after purchasing an additional 845,393 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

G has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genpact in a research note on Thursday, July 17th. They set a “hold” rating and a $47.00 target price for the company. Mizuho upped their price objective on Genpact from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 1st. JPMorgan Chase & Co. cut their target price on Genpact from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 20th. Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Finally, Needham & Company LLC increased their price target 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. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Genpact currently has an average rating of “Hold” and an average target price of $52.29.

Genpact Price Performance

G stock opened at $43.74 on Wednesday. The company has a market capitalization of $7.62 billion, a P/E ratio of 14.53, a PEG ratio of 1.52 and a beta of 0.92. Genpact Limited has a twelve month low of $37.82 and a twelve month high of $56.76. The business has a 50 day simple moving average of $44.60 and a 200-day simple moving average of $46.07. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.32.

Genpact (NYSE:G) last announced its earnings results on Thursday, August 7th. The business services provider reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.03. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company posted $0.79 EPS. The company’s quarterly revenue was up 6.6% on a year-over-year basis. Genpact has set its FY 2025 guidance at 3.510-3.580 EPS. Q3 2025 guidance at 0.890-0.900 EPS. As a group, equities analysts anticipate that Genpact Limited will post 3.21 EPS for the current year.

Genpact Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend is Thursday, September 11th. Genpact’s dividend payout ratio is presently 22.59%.

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.