Ethic Inc. Has $1.31 Million Stock Position in Genpact Limited $G

Ethic Inc. grew its stake in Genpact Limited (NYSE:G) by 30.9% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 30,064 shares of the business services provider’s stock after purchasing an additional 7,099 shares during the quarter. Ethic Inc.’s holdings in Genpact were worth $1,309,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. Stephens Inc. AR lifted its stake in shares of Genpact by 10.4% in the 2nd quarter. Stephens Inc. AR now owns 71,587 shares of the business services provider’s stock valued at $3,151,000 after purchasing an additional 6,761 shares during the period. Chicago Partners Investment Group LLC lifted its stake in shares of Genpact by 57.6% in the 2nd quarter. Chicago Partners Investment Group LLC now owns 7,735 shares of the business services provider’s stock valued at $355,000 after purchasing an additional 2,827 shares during the period. William Blair Investment Management LLC lifted its stake in shares of Genpact by 23.0% in the 2nd quarter. William Blair Investment Management LLC now owns 10,393 shares of the business services provider’s stock valued at $457,000 after purchasing an additional 1,943 shares during the period. Nordea Investment Management AB increased its position 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 in the last quarter. Finally, TFC Financial Management Inc. increased its position in shares of Genpact by 30.1% in the 2nd quarter. TFC Financial Management Inc. now owns 2,264 shares of the business services provider’s stock valued at $100,000 after buying an additional 524 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insider Activity

In other news, CEO Balkrishan Kalra sold 55,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the chief executive officer owned 295,246 shares in the company, valued at $12,801,866.56. This trade represents a 15.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Piyush Mehta sold 76,902 shares of the firm’s stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $42.58, for a total value of $3,274,487.16. Following the completion of the transaction, the senior vice president owned 134,880 shares of the company’s stock, valued at $5,743,190.40. The trade was a 36.31% decrease in their position. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Citigroup upgraded shares of Genpact to a “hold” rating in a research report on Thursday. Mizuho upped their price objective on shares of Genpact from $48.00 to $51.00 and gave the company a “neutral” rating in a research report on Tuesday, July 1st. Wall Street Zen cut shares of Genpact from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Genpact in a research report on Thursday, July 17th. They issued a “hold” rating and a $47.00 price objective for the company. Finally, Needham & Company LLC upped their price objective on shares of Genpact from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Three equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $51.13.

Genpact Price Performance

Shares of NYSE G opened at $39.48 on Monday. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of 13.11, a PEG ratio of 1.36 and a beta of 0.89. The business has a 50-day moving average of $42.29 and a 200-day moving average of $43.91. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.53 and a quick ratio of 1.53. Genpact Limited has a fifty-two week low of $37.82 and a fifty-two week high of $56.76.

Genpact (NYSE:G) last announced its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.85 by $0.03. The company 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% compared to the same quarter last year. During the same quarter last year, the company earned $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, sell-side analysts predict that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Announces Dividend

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

About Genpact

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.