Causeway Capital Management LLC Has $47.59 Million Holdings in Genpact Limited $G

Key Points

• Causeway Capital Management LLC reduced its holdings in Genpact Limited by 16.8%, selling 191,358 shares during the first quarter.
• Genpact's latest earnings report showcased $0.88 earnings per share, exceeding estimates and indicating a year-over-year revenue growth of 6.6%.
• The company has announced a quarterly dividend of $0.17 per share, reflecting a dividend yield of 1.5% and a payout ratio of 22.59%.

Causeway Capital Management LLC lowered its stake in Genpact Limited (NYSE:G - Free Report) by 16.8% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 944,660 shares of the business services provider's stock after selling 191,358 shares during the period. Genpact makes up 1.0% of Causeway Capital Management LLC's portfolio, making the stock its 27th largest holding. Causeway Capital Management LLC owned 0.54% of Genpact worth $47,592,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Planning Group LLC acquired a new position in Genpact in the 1st quarter valued at about $27,000. Richardson Financial Services Inc. bought a new stake in Genpact in the 1st quarter valued at about $35,000. SVB Wealth LLC bought a new stake in Genpact in the 1st quarter valued at about $41,000. Global X Japan Co. Ltd. bought a new stake in Genpact in the 1st quarter valued at about $57,000. Finally, Smartleaf Asset Management LLC boosted its holdings in Genpact by 40.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,367 shares of the business services provider's stock valued at $68,000 after purchasing an additional 396 shares during the period. Institutional investors and hedge funds own 96.03% of the company's stock.

Analyst Upgrades and Downgrades

G has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genpact in a report on Thursday, July 17th. They set a "hold" rating and a $47.00 price target for the company. Robert W. Baird cut their price target on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Needham & Company LLC upped their price target on shares of Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, August 8th. JPMorgan Chase & Co. cut their price target on shares of Genpact from $55.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday, August 20th. Finally, Wall Street Zen raised shares of Genpact from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $52.29.

Genpact Price Performance

NYSE:G traded up $0.36 on Friday, hitting $45.33. The company had a trading volume of 1,706,147 shares, compared to its average volume of 2,081,082. The stock has a market capitalization of $7.90 billion, a price-to-earnings ratio of 15.06, a PEG ratio of 1.56 and a beta of 0.92. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.32. The firm has a 50 day moving average of $44.34 and a two-hundred day moving average of $46.56. Genpact Limited has a 52 week low of $37.82 and a 52 week high of $56.76.

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. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The company's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 earnings per share. Genpact has set its FY 2025 guidance at 3.510-3.580 EPS. Q3 2025 guidance at 0.890-0.900 EPS. On average, research analysts anticipate 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. Stockholders of record on Thursday, September 11th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.5%. Genpact's dividend payout ratio (DPR) 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.