Temasek Holdings Private Ltd Buys New Stake in Genpact Limited $G

Temasek Holdings Private Ltd bought a new stake in Genpact Limited (NYSE:G) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 806,352 shares of the business services provider’s stock, valued at approximately $30,037,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Royal Bank of Canada increased its position in shares of Genpact by 19.7% during the first quarter. Royal Bank of Canada now owns 121,705 shares of the business services provider’s stock worth $6,131,000 after purchasing an additional 20,043 shares in the last quarter. Amundi acquired a new stake in shares of Genpact in the 1st quarter worth $58,000. Goldman Sachs Group Inc. grew its stake in Genpact by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 353,074 shares of the business services provider’s stock worth $17,788,000 after buying an additional 60,887 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Genpact by 12.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 511,627 shares of the business services provider’s stock worth $25,776,000 after buying an additional 56,557 shares during the last quarter. Finally, Focus Partners Wealth increased its position in Genpact by 10.3% during the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the business services provider’s stock valued at $263,000 after buying an additional 488 shares in the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Genpact Price Performance

NYSE G opened at $30.19 on Wednesday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.69 and a quick ratio of 1.69. The stock’s fifty day moving average price is $30.50 and its 200 day moving average price is $36.31. Genpact Limited has a 1 year low of $26.85 and a 1 year high of $48.64. The company has a market cap of $5.12 billion, a price-to-earnings ratio of 9.26, a PEG ratio of 0.87 and a beta of 0.61.

Genpact (NYSE:G) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported $0.98 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 forecast that Genpact Limited will post 3.64 earnings per share for the current year.

Genpact Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.5%. Genpact’s payout ratio is 23.01%.

Analysts Set New Price Targets

A number of equities research analysts have commented on G shares. Deutsche Bank Aktiengesellschaft set a $31.00 price target on Genpact in a research note on Friday, July 10th. Robert W. Baird dropped their price target on Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 7th. Mizuho cut their price objective on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. TD Cowen decreased their price objective on shares of Genpact from $47.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, Citigroup lowered their target price on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Genpact presently has an average rating of “Hold” and an average price target of $40.25.

Genpact 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.