NFJ Investment Group LLC Reduces Stake in Genpact Limited $G

NFJ Investment Group LLC lowered its stake in Genpact Limited (NYSE:G) by 30.7% in the 4th quarter, HoldingsChannel reports. The fund owned 221,340 shares of the business services provider’s stock after selling 97,975 shares during the period. NFJ Investment Group LLC’s holdings in Genpact were worth $10,354,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. Focus Partners Wealth boosted its position in shares of Genpact by 235.7% during the fourth quarter. Focus Partners Wealth now owns 107,343 shares of the business services provider’s stock valued at $5,022,000 after buying an additional 75,365 shares during the period. Fieldview Capital Management LLC purchased a new position in shares of Genpact during the fourth quarter valued at approximately $237,000. Landscape Capital Management L.L.C. purchased a new position in shares of Genpact during the fourth quarter valued at approximately $890,000. Aurora Investment Counsel boosted its position in shares of Genpact by 5.5% during the fourth quarter. Aurora Investment Counsel now owns 56,273 shares of the business services provider’s stock valued at $2,632,000 after buying an additional 2,950 shares during the period. Finally, Kestra Advisory Services LLC purchased a new position in shares of Genpact during the fourth quarter valued at approximately $64,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on G shares. Citigroup dropped their target price on Genpact from $43.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Mizuho dropped their target price on Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Genpact in a research report on Friday, May 8th. Robert W. Baird dropped their target price on Genpact from $54.00 to $45.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Finally, Wall Street Zen lowered Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $43.29.

Genpact Stock Up 0.4%

Genpact stock opened at $32.03 on Friday. The business has a fifty day moving average of $33.67 and a two-hundred day moving average of $39.62. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.47. The firm has a market cap of $5.43 billion, a P/E ratio of 9.83, a P/E/G ratio of 0.91 and a beta of 0.58. Genpact Limited has a twelve month low of $28.78 and a twelve month high of $48.64.

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

Genpact Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.3%. Genpact’s dividend payout ratio is presently 23.01%.

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.