Sumitomo Mitsui Trust Group Inc. Grows Stock Position in Genpact Limited $G

Sumitomo Mitsui Trust Group Inc. increased its holdings in Genpact Limited (NYSE:G) by 8.8% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,501,688 shares of the business services provider’s stock after acquiring an additional 203,015 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Genpact were worth $110,099,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. GAMMA Investing LLC lifted its stake in shares of Genpact by 88.0% in the 1st quarter. GAMMA Investing LLC now owns 9,744 shares of the business services provider’s stock valued at $491,000 after purchasing an additional 4,561 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Genpact by 20.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,650 shares of the business services provider’s stock valued at $486,000 after buying an additional 1,651 shares during the last quarter. Asset Management One Co. Ltd. purchased a new position in Genpact during the first quarter worth about $679,000. KBC Group NV boosted its stake in Genpact by 4.7% during the first quarter. KBC Group NV now owns 7,266 shares of the business services provider’s stock worth $366,000 after buying an additional 324 shares during the period. Finally, Summit Trail Advisors LLC raised its stake in shares of Genpact by 41.4% in the 1st quarter. Summit Trail Advisors LLC now owns 43,584 shares of the business services provider’s stock valued at $2,196,000 after acquiring an additional 12,752 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on G shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Genpact in a report on Saturday. Wall Street Zen lowered Genpact from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Mizuho lifted their price objective on Genpact from $48.00 to $51.00 and gave the company a “neutral” rating in a research note on Tuesday, July 1st. Citigroup upgraded Genpact to a “hold” rating in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Genpact in a report on Thursday, July 17th. They set a “hold” rating and a $47.00 target price for the company. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $51.13.

Genpact Stock Down 0.8%

Shares of NYSE G opened at $39.48 on Friday. The stock has a market cap of $6.88 billion, a P/E ratio of 13.11, a PEG ratio of 1.36 and a beta of 0.89. The business’s fifty day simple moving average is $42.29 and its 200-day simple moving average is $43.94. Genpact Limited has a 12-month low of $37.82 and a 12-month high of $56.76. 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 released its earnings results on Thursday, August 7th. The business services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.85 by $0.03. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Genpact had a return on equity of 22.15% and a net margin of 10.92%.Genpact’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.79 EPS. 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 predict that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $0.68 annualized dividend and a yield of 1.7%. Genpact’s dividend payout ratio (DPR) is 22.59%.

Insider Activity at Genpact

In other news, CEO Balkrishan Kalra sold 55,000 shares of the firm’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $43.36, for a total value of $2,384,800.00. Following the sale, the chief executive officer directly owned 295,246 shares in the company, valued at approximately $12,801,866.56. This trade represents a 15.70% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Piyush Mehta sold 76,902 shares of the business’s stock in a transaction on Friday, September 12th. The stock was sold at an average price of $42.58, for a total transaction of $3,274,487.16. Following the transaction, the senior vice president owned 134,880 shares of the company’s stock, valued at approximately $5,743,190.40. The trade was a 36.31% decrease in their position. The disclosure for this sale can be found here. 3.07% of the stock is owned by company insiders.

Genpact 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.