Genpact Limited $G Shares Acquired by JLB & Associates Inc.

JLB & Associates Inc. boosted its holdings in Genpact Limited (NYSE:G) by 1.4% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 37,354 shares of the business services provider’s stock after buying an additional 518 shares during the quarter. JLB & Associates Inc.’s holdings in Genpact were worth $1,644,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of G. Wealth Enhancement Advisory Services LLC lifted its position in shares of Genpact by 25.7% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 7,999 shares of the business services provider’s stock valued at $344,000 after acquiring an additional 1,635 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Genpact by 1,021.0% during the fourth quarter. California State Teachers Retirement System now owns 158,716 shares of the business services provider’s stock worth $6,817,000 after purchasing an additional 144,558 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Genpact by 9,371.4% during the first quarter. GAMMA Investing LLC now owns 490,903 shares of the business services provider’s stock valued at $24,732,000 after purchasing an additional 485,720 shares during the last quarter. Vest Financial LLC boosted its position in shares of Genpact by 36.0% in the 1st quarter. Vest Financial LLC now owns 78,543 shares of the business services provider’s stock valued at $3,957,000 after purchasing an additional 20,792 shares during the period. Finally, Unique Wealth LLC acquired a new position in shares of Genpact in the 1st quarter valued at $330,000. Institutional investors own 96.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. 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 note on Friday, August 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genpact in a report on Thursday, July 17th. They set a “hold” rating and a $47.00 price target on the stock. Wall Street Zen downgraded shares of Genpact from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Mizuho lifted their price objective on shares of Genpact from $48.00 to $51.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 1st. Finally, JPMorgan Chase & Co. reduced their target price on Genpact from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, August 20th. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $52.29.

Genpact Stock Performance

Shares of G opened at $42.15 on Tuesday. The company has a market capitalization of $7.35 billion, a PE ratio of 14.00, a PEG ratio of 1.45 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.53 and a current ratio of 1.53. The company’s 50 day moving average price is $43.68 and its 200 day moving average price is $45.11. Genpact Limited has a 52 week low of $37.82 and a 52 week high of $56.76.

Genpact (NYSE:G) last released its earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The company’s revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm 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. Research analysts expect that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, September 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. Genpact’s dividend payout ratio (DPR) is presently 22.59%.

Insider Transactions at Genpact

In other Genpact news, CEO Balkrishan Kalra sold 55,000 shares of the company’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 transaction, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Piyush Mehta sold 76,902 shares of the firm’s stock in a transaction dated Friday, September 12th. The stock was sold at an average price of $42.58, for a total value of $3,274,487.16. Following the sale, the senior vice president directly owned 134,880 shares of the company’s stock, valued at $5,743,190.40. This trade represents a 36.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

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.