Evolve Private Wealth LLC Sells 38,995 Shares of Genpact Limited $G

Evolve Private Wealth LLC cut its holdings in shares of Genpact Limited (NYSE:G) by 80.3% in the 1st quarter, Holdings Channel reports. The firm owned 9,570 shares of the business services provider’s stock after selling 38,995 shares during the period. Evolve Private Wealth LLC’s holdings in Genpact were worth $356,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Nalanda India Equity Fund Ltd increased its holdings in shares of Genpact by 8.0% during the fourth quarter. Nalanda India Equity Fund Ltd now owns 13,702,500 shares of the business services provider’s stock worth $641,003,000 after buying an additional 1,015,556 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Genpact by 90.9% in the 4th quarter. AQR Capital Management LLC now owns 6,575,115 shares of the business services provider’s stock valued at $307,584,000 after purchasing an additional 3,131,643 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Genpact by 26.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,010,764 shares of the business services provider’s stock worth $234,409,000 after buying an additional 1,032,554 shares in the last quarter. FIL Ltd grew its holdings in Genpact by 114.4% in the fourth quarter. FIL Ltd now owns 4,802,854 shares of the business services provider’s stock worth $224,678,000 after purchasing an additional 2,562,484 shares during the period. Finally, Geode Capital Management LLC raised its stake in Genpact by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 4,330,116 shares of the business services provider’s stock worth $210,391,000 after buying an additional 107,870 shares during the period. 96.03% of the stock is owned by institutional investors.

Genpact Stock Performance

G stock opened at $28.58 on Friday. The stock’s fifty day moving average price is $32.19 and its 200-day moving average price is $38.52. The company has a market cap of $4.84 billion, a P/E ratio of 8.77, a price-to-earnings-growth ratio of 0.78 and a beta of 0.58. Genpact Limited has a 1 year low of $27.36 and a 1 year high of $48.64. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.69 and a quick ratio of 1.69.

Genpact (NYSE:G) last issued its quarterly earnings data on Tuesday, March 31st. The business services provider reported $0.98 earnings per share for the quarter. The firm had revenue of $1.30 billion for the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. On average, equities analysts forecast that Genpact Limited will post 3.64 earnings per share for the current year.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were paid a dividend of $0.1875 per share. The ex-dividend date was Wednesday, June 10th. This represents a $0.75 dividend on an annualized basis and a yield of 2.6%. Genpact’s dividend payout ratio (DPR) is presently 23.01%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on G shares. Susquehanna decreased their price target on Genpact from $42.00 to $37.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Citigroup dropped their price objective on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Wall Street Zen cut shares of Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Mizuho cut their price objective on Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Finally, Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Genpact in a research report on Friday, May 8th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $43.29.

Genpact Company 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.