Dimensional Fund Advisors LP Raises Position in Genpact Limited $G

Dimensional Fund Advisors LP raised its position in Genpact Limited (NYSE:G) by 12.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 5,609,641 shares of the business services provider’s stock after acquiring an additional 598,877 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Genpact were worth $208,965,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Osbon Capital Management LLC purchased a new position in shares of Genpact in the fourth quarter valued at approximately $25,000. iSAM Funds UK Ltd purchased a new stake in shares of Genpact during the third quarter worth $29,000. Johnson Financial Group Inc. acquired a new stake in shares of Genpact in the third quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Genpact in the fourth quarter valued at about $30,000. Finally, Larson Financial Group LLC lifted its stake in shares of Genpact by 428.4% in the fourth quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock worth $33,000 after buying an additional 574 shares in the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Weiss Ratings lowered shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on Genpact in a research report on Friday, July 10th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Genpact in a report on Friday, May 8th. Susquehanna lowered their price objective on Genpact from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, Citigroup decreased their price target on Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $40.25.

Genpact Stock Up 3.0%

Shares of G opened at $31.28 on Friday. The stock has a market capitalization of $5.30 billion, a PE ratio of 9.60, a P/E/G ratio of 0.86 and a beta of 0.61. The company’s 50-day simple moving average is $30.59 and its 200-day simple moving average is $36.05. Genpact Limited has a 1 year low of $26.85 and a 1 year high of $48.64. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.69.

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

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, September 10th. Genpact’s dividend payout ratio (DPR) is currently 23.01%.

About Genpact

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.