Transamerica Financial Advisors LLC Acquires New Shares in Genpact Limited $G

Transamerica Financial Advisors LLC acquired a new stake in Genpact Limited (NYSE:G) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,953 shares of the business services provider’s stock, valued at approximately $149,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in Genpact by 20.9% in the first quarter. JPMorgan Chase & Co. now owns 4,111,340 shares of the business services provider’s stock valued at $207,129,000 after purchasing an additional 710,704 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in Genpact in the first quarter valued at about $115,807,000. Tandem Investment Advisors Inc. increased its holdings in Genpact by 6.6% in the first quarter. Tandem Investment Advisors Inc. now owns 2,270,143 shares of the business services provider’s stock valued at $114,370,000 after purchasing an additional 140,228 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in Genpact by 109.8% in the first quarter. Ameriprise Financial Inc. now owns 1,615,220 shares of the business services provider’s stock valued at $81,375,000 after purchasing an additional 845,393 shares during the last quarter. Finally, Northern Trust Corp increased its holdings in Genpact by 5.2% in the first quarter. Northern Trust Corp now owns 1,467,849 shares of the business services provider’s stock valued at $73,950,000 after purchasing an additional 72,820 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Up 0.7%

G stock opened at $45.44 on Thursday. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.53 and a quick ratio of 1.53. The stock has a market capitalization of $7.92 billion, a P/E ratio of 15.09, a P/E/G ratio of 1.55 and a beta of 0.92. The business has a 50-day moving average of $44.19 and a 200-day moving average of $46.74. Genpact Limited has a fifty-two week low of $37.82 and a fifty-two week high of $56.76.

Genpact (NYSE:G) last posted its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.88 earnings per share for the quarter, topping 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 period in the prior year, the firm earned $0.79 earnings per share. Genpact has set its FY 2025 guidance at 3.510-3.580 EPS. Q3 2025 guidance at 0.890-0.900 EPS. On average, sell-side analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. Genpact’s dividend payout ratio is currently 22.59%.

Analysts Set New Price Targets

G has been the subject of several recent analyst reports. Needham & Company LLC increased their price target on Genpact from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, August 8th. JPMorgan Chase & Co. lowered their price target on Genpact from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, August 20th. Mizuho increased their price target on Genpact from $48.00 to $51.00 and gave the stock a “neutral” rating in a report on Tuesday, July 1st. Wall Street Zen upgraded Genpact from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Genpact in a report on Thursday, July 17th. They issued a “hold” rating and a $47.00 price target for the company. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $52.29.

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.