AQR Capital Management LLC Has $30.90 Million Position in Genpact Limited $G

AQR Capital Management LLC boosted its stake in Genpact Limited (NYSE:G - Free Report) by 608.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 624,841 shares of the business services provider's stock after buying an additional 536,688 shares during the period. AQR Capital Management LLC owned 0.36% of Genpact worth $30,902,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Cornerstone Planning Group LLC acquired a new position in shares of Genpact during the first quarter valued at approximately $27,000. Richardson Financial Services Inc. acquired a new position in shares of Genpact during the 1st quarter valued at $35,000. SVB Wealth LLC acquired a new position in shares of Genpact during the 1st quarter valued at $41,000. Global X Japan Co. Ltd. acquired a new position in shares of Genpact during the 1st quarter valued at $57,000. Finally, Amundi acquired a new position in shares of Genpact during the 1st quarter valued at $58,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Stock Down 1.9%

Shares of G traded down $0.81 on Friday, hitting $42.52. The company's stock had a trading volume of 375,686 shares, compared to its average volume of 1,626,679. The firm's fifty day moving average price is $44.51 and its 200-day moving average price is $45.99. Genpact Limited has a fifty-two week low of $37.82 and a fifty-two week 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 firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 14.13, a P/E/G ratio of 1.48 and a beta of 0.92.

Genpact (NYSE:G - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.03. Genpact had a return on equity of 22.15% and a net margin of 10.92%.The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the business posted $0.79 EPS. The company's revenue for the quarter was up 6.6% on a year-over-year basis. Genpact has set its FY 2025 guidance at 3.510-3.580 EPS. Q3 2025 guidance at 0.890-0.900 EPS. On average, equities research analysts expect that Genpact Limited will post 3.21 EPS for the current year.

Genpact Dividend Announcement

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

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Wall Street Zen lowered shares of Genpact from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. JPMorgan Chase & Co. decreased their target price on Genpact from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft began coverage on Genpact in a report on Thursday, July 17th. They issued a "hold" rating and a $47.00 target price on the stock. Needham & Company LLC lifted their price target on Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Mizuho lifted their price target on Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $52.29.

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.