Strs Ohio Purchases New Stake in Genpact Limited $G

Key Points

• Strs Ohio acquired 37,142 shares of Genpact Limited, valued at approximately $1.87 million, marking a significant investment in the company during the first quarter.
• Analyst ratings for Genpact reflect a mix of opinions, with Mizuho raising the price target to $51.00 while JPMorgan lowered it to $50.00, resulting in an average price target of $52.29.
• Genpact's CEO recently sold 55,000 shares of stock at an average price of $43.36, indicating a notable decrease in their ownership by 15.70%.

Strs Ohio bought a new stake in shares of Genpact Limited (NYSE:G - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 37,142 shares of the business services provider's stock, valued at approximately $1,871,000.

Other large investors have also recently bought and sold shares of the company. Cornerstone Planning Group LLC acquired a new position in Genpact during the 1st quarter valued at $27,000. Richardson Financial Services Inc. acquired a new position in Genpact during the 1st quarter valued at $35,000. SVB Wealth LLC acquired a new position in Genpact during the 1st quarter valued at $41,000. Kestra Investment Management LLC acquired a new position in Genpact during the 1st quarter valued at $56,000. Finally, Global X Japan Co. Ltd. acquired a new position in Genpact during the 1st quarter valued at $57,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on G shares. Deutsche Bank Aktiengesellschaft started coverage on shares of Genpact in a research note on Thursday, July 17th. They issued a "hold" rating and a $47.00 price objective for the company. Needham & Company LLC increased 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. JPMorgan Chase & Co. dropped their price objective on shares of Genpact from $55.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, August 20th. Mizuho increased their price objective on shares of Genpact from $48.00 to $51.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Finally, Wall Street Zen cut shares of Genpact from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. 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, Genpact presently has a consensus rating of "Hold" and an average price target of $52.29.

Insiders Place Their Bets

In other news, CEO Balkrishan Kalra sold 55,000 shares of the business's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $43.36, for a total value of $2,384,800.00. Following the completion of the sale, the chief executive officer owned 295,246 shares of the company's stock, valued at approximately $12,801,866.56. The trade was a 15.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Piyush Mehta sold 76,902 shares of the business's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $42.58, for a total transaction of $3,274,487.16. Following the completion of the sale, the senior vice president directly owned 134,880 shares of the company's stock, valued at approximately $5,743,190.40. The trade was a 36.31% decrease in their position. The disclosure for this sale can be found here. Insiders own 3.07% of the company's stock.

Genpact Stock Up 0.9%

Shares of NYSE:G traded up $0.36 during midday trading on Wednesday, hitting $41.69. The stock had a trading volume of 1,988,196 shares, compared to its average volume of 1,645,577. Genpact Limited has a 12 month low of $37.82 and a 12 month high of $56.76. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.32. The business's 50-day simple moving average is $44.19 and its 200-day simple moving average is $45.69. The company has a market cap of $7.26 billion, a P/E ratio of 13.85, a PEG ratio of 1.42 and a beta of 0.92.

Genpact (NYSE:G - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.03. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The firm had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the previous year, the business posted $0.79 earnings per share. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. 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 forecast that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Thursday, September 11th. Genpact's payout ratio is 22.59%.

About Genpact

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.