Leeward Investments LLC MA Sells 37,717 Shares of Genpact Limited $G

Leeward Investments LLC MA reduced its holdings in shares of Genpact Limited (NYSE:G) by 13.6% in the 2nd quarter, Holdings Channel.com reports. The fund owned 239,082 shares of the business services provider’s stock after selling 37,717 shares during the period. Leeward Investments LLC MA’s holdings in Genpact were worth $10,522,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in shares of Genpact by 20.9% in the 1st quarter. JPMorgan Chase & Co. now owns 4,111,340 shares of the business services provider’s stock valued at $207,129,000 after buying an additional 710,704 shares during the last quarter. Alliancebernstein L.P. boosted its holdings in shares of Genpact by 4.1% in the 1st quarter. Alliancebernstein L.P. now owns 3,045,542 shares of the business services provider’s stock valued at $153,434,000 after buying an additional 118,689 shares during the last quarter. Nordea Investment Management AB boosted its holdings in shares of Genpact by 60.2% in the 2nd quarter. Nordea Investment Management AB now owns 2,617,255 shares of the business services provider’s stock valued at $114,924,000 after buying an additional 983,774 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Genpact by 8.8% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,501,688 shares of the business services provider’s stock valued at $110,099,000 after buying an additional 203,015 shares during the last quarter. Finally, Tandem Investment Advisors Inc. boosted its holdings 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 buying an additional 140,228 shares during the last quarter. 96.03% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a report on Friday, September 5th. Deutsche Bank Aktiengesellschaft assumed coverage on Genpact in a report on Thursday, July 17th. They issued a “hold” rating and a $47.00 price objective for the company. Needham & Company LLC increased their price objective on Genpact from $50.00 to $53.00 and gave the company a “buy” rating in a report on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Genpact in a report on Saturday. Finally, Citigroup raised Genpact to a “hold” rating in a report on Thursday. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $51.13.

Insiders Place Their Bets

In other news, SVP Piyush Mehta sold 76,902 shares of Genpact 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 completion of the sale, the senior vice president owned 134,880 shares of the company’s stock, valued at approximately $5,743,190.40. This trade represents a 36.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Balkrishan Kalra sold 55,000 shares of Genpact stock in a transaction on Thursday, September 11th. The stock was 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 of the company’s stock, valued at $12,801,866.56. This represents a 15.70% decrease in their position. The disclosure for this sale can be found here. 3.07% of the stock is currently owned by company insiders.

Genpact Trading Down 0.8%

Shares of Genpact stock opened at $39.48 on Friday. Genpact Limited has a 1 year low of $37.82 and a 1 year high of $56.76. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.53 and a quick ratio of 1.53. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 13.11, a P/E/G ratio of 1.36 and a beta of 0.89. The business has a fifty day simple moving average of $42.29 and a two-hundred day simple moving average of $43.94.

Genpact (NYSE:G) last posted its earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. Genpact had a return on equity of 22.15% and a net margin of 10.92%.The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the firm earned $0.79 earnings per share. The company’s 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. Research analysts forecast that Genpact Limited will post 3.21 EPS for the current year.

Genpact Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be issued 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 1.7%. Genpact’s dividend payout ratio (DPR) is currently 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.