Algert Global LLC Purchases New Position in Genpact Limited $G

Key Points

• Algert Global LLC has acquired a new position in Genpact Limited, purchasing 11,403 shares valued at approximately $574,000.
• Several hedge funds have also increased their stakes in Genpact, with Coppell Advisory Solutions LLC's investment growing by 529.5%.
• Genpact recently reported Q2 earnings of $0.88 per share, exceeding analysts' expectations, and has declared a quarterly dividend of $0.17 per share.

Algert Global LLC bought a new position in shares of Genpact Limited (NYSE:G - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 11,403 shares of the business services provider's stock, valued at approximately $574,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in G. Wells Fargo & Company MN increased its position in shares of Genpact by 35.4% during the fourth quarter. Wells Fargo & Company MN now owns 16,838 shares of the business services provider's stock worth $723,000 after acquiring an additional 4,403 shares in the last quarter. GeoWealth Management LLC grew its position in Genpact by 199.0% in the 4th quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock worth $38,000 after purchasing an additional 583 shares in the last quarter. MetLife Investment Management LLC grew its position in Genpact by 7.9% in the 4th quarter. MetLife Investment Management LLC now owns 91,662 shares of the business services provider's stock worth $3,937,000 after purchasing an additional 6,733 shares in the last quarter. Tower Research Capital LLC TRC grew its position in Genpact by 319.1% in the 4th quarter. Tower Research Capital LLC TRC now owns 9,786 shares of the business services provider's stock worth $420,000 after purchasing an additional 7,451 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Genpact by 1.0% in the 4th quarter. Stifel Financial Corp now owns 30,821 shares of the business services provider's stock worth $1,324,000 after purchasing an additional 291 shares in the last quarter. 96.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Needham & Company LLC upped their price objective on shares of Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Robert W. Baird reduced their price objective on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. reduced their price objective on shares of Genpact from $55.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. Mizuho upped 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, Wall Street Zen raised shares of Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $52.29.

Genpact Stock Performance

Shares of Genpact stock traded up $0.36 on Friday, reaching $45.33. 1,706,147 shares of the company traded hands, compared to its average volume of 2,081,082. Genpact Limited has a 52 week low of $37.82 and a 52 week high of $56.76. The company has a 50 day moving average of $44.34 and a 200 day moving average of $46.61. The firm has a market capitalization of $7.90 billion, a PE ratio of 15.06, a PEG ratio of 1.54 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.53 and a quick ratio of 1.53.

Genpact (NYSE:G - Get Free Report) last released its earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share for the quarter, beating 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 the consensus estimate of $1.23 billion. During the same period in the prior year, the firm earned $0.79 EPS. The company's revenue 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. Equities analysts forecast that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Thursday, September 11th. Genpact's dividend payout ratio is presently 22.59%.

Genpact Company 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.