AXQ Capital LP Has $1.44 Million Holdings in Genpact Limited $G

Key Points

• AXQ Capital LP increased its Genpact holdings by 138.9% in the second quarter, ending with 52,338 shares valued at approximately $1.44 million. Institutional investors collectively own 96.03% of the company.
• Analysts maintain a generally cautious outlook, with Genpact receiving an average “Hold” rating and a consensus price target of $39.33. Price targets range from $31 to $45, while one analyst upgraded the stock to “Buy.”
• Genpact reported quarterly earnings of $1.00 per share on $1.34 billion in revenue and announced a $0.1875 quarterly dividend, equal to $0.75 annually and a 2.0% yield.

AXQ Capital LP raised its holdings in Genpact Limited (NYSE:G - Free Report) by 138.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 52,338 shares of the business services provider's stock after acquiring an additional 30,434 shares during the period. AXQ Capital LP's holdings in Genpact were worth $1,439,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of G. Osbon Capital Management LLC bought a new position in Genpact in the 4th quarter valued at approximately $25,000. iSAM Funds UK Ltd acquired a new stake in Genpact during the 3rd quarter valued at approximately $29,000. Johnson Financial Group Inc. acquired a new stake in Genpact during the 3rd quarter valued at approximately $29,000. Larson Financial Group LLC raised its holdings in Genpact by 428.4% during the 4th quarter. Larson Financial Group LLC now owns 708 shares of the business services provider's stock worth $33,000 after purchasing an additional 574 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Genpact during the 4th quarter worth approximately $33,000. Institutional investors and hedge funds own 96.03% of the company's stock.

Insiders Place Their Bets

In other news, SVP Anil Nanduru sold 6,191 shares of the firm's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total value of $229,252.73. Following the completion of the sale, the senior vice president directly owned 70,253 shares of the company's stock, valued at approximately $2,601,468.59. This trade represents a 8.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.58% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

G has been the topic of a number of research analyst reports. BMO Capital Markets reaffirmed a "market perform" rating and set a $40.00 price target on shares of Genpact in a research report on Friday, August 7th. Wall Street Zen raised Genpact from a "hold" rating to a "buy" rating in a research note on Saturday, August 29th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of Genpact in a research report on Friday, July 10th. JPMorgan Chase & Co. lifted their price objective on shares of Genpact from $40.00 to $45.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. Finally, Weiss Ratings cut shares of Genpact from a "hold (c)" rating to a "hold (c-)" rating in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Genpact presently has an average rating of "Hold" and an average price target of $39.33.

Genpact Price Performance

Shares of NYSE G opened at $37.26 on Friday. The firm has a market capitalization of $6.26 billion, a P/E ratio of 11.06, a P/E/G ratio of 1.01 and a beta of 0.58. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.44. The stock's 50-day simple moving average is $33.39 and its two-hundred day simple moving average is $34.40. Genpact Limited has a twelve month low of $26.85 and a twelve month high of $48.64.

Genpact (NYSE:G - Get Free Report) last released its earnings results on Tuesday, June 30th. The business services provider reported $1.00 EPS for the quarter. The business had revenue of $1.34 billion for the quarter. Genpact had a return on equity of 23.34% and a net margin of 11.04%. As a group, equities analysts anticipate that Genpact Limited will post 3.66 EPS for the current fiscal year.

Genpact Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.75 annualized dividend and a dividend yield of 2.0%. Genpact's dividend payout ratio (DPR) is presently 22.26%.

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.

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