1,287,053 Shares in Genpact Limited $G Purchased by Clark Capital Management Group Inc.

Key Points

• Clark Capital Management Group Inc. has invested approximately $64.8 million in Genpact Limited, acquiring over 1.28 million shares, representing a 0.73% stake in the company.
• Genpact's stock is currently priced at $45.12, with a market cap of $7.86 billion and a PE ratio of 14.99.
• The company reported quarterly earnings of $0.88 per share, surpassing analyst estimates, and announced a quarterly dividend of $0.17 per share.

Clark Capital Management Group Inc. acquired a new stake in Genpact Limited (NYSE:G - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,287,053 shares of the business services provider's stock, valued at approximately $64,842,000. Clark Capital Management Group Inc. owned 0.73% of Genpact at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of G. Stifel Financial Corp lifted its position in shares of Genpact by 1.0% during the fourth 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. Fifth Third Bancorp raised its holdings in Genpact by 9.5% in the first quarter. Fifth Third Bancorp now owns 3,461 shares of the business services provider's stock valued at $174,000 after acquiring an additional 299 shares in the last quarter. KBC Group NV increased its stake in Genpact by 4.7% in the first quarter. KBC Group NV now owns 7,266 shares of the business services provider's stock valued at $366,000 after purchasing an additional 324 shares during the last quarter. Callan Capital LLC increased its stake in Genpact by 2.9% in the first quarter. Callan Capital LLC now owns 12,312 shares of the business services provider's stock valued at $620,000 after purchasing an additional 351 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its stake in Genpact by 40.8% in the first 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 last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Mizuho increased their price target 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. JPMorgan Chase & Co. lowered their target price on shares of Genpact from $55.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Genpact in a research report on Thursday, July 17th. They set a "hold" rating and a $47.00 target price on the stock. Wall Street Zen lowered shares of Genpact from a "buy" rating to a "hold" rating in a research report on Friday. Finally, Needham & Company LLC raised their target price 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. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $52.29.

Genpact Price Performance

Genpact stock traded down $0.23 during midday trading on Tuesday, reaching $44.05. The company's stock had a trading volume of 391,323 shares, compared to its average volume of 1,622,666. Genpact Limited has a fifty-two week low of $37.82 and a fifty-two week high of $56.76. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.53 and a current ratio of 1.53. The stock's 50 day simple moving average is $44.63 and its 200 day simple moving average is $46.09. The firm has a market capitalization of $7.68 billion, a PE ratio of 14.62, a P/E/G ratio of 1.54 and a beta of 0.92.

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

Genpact Dividend Announcement

The company 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. This represents a $0.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. Genpact's payout ratio is 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.