Credit Agricole S A Purchases New Shares in Genpact Limited $G

Key Points

• Credit Agricole S A has acquired 36,577 shares of Genpact Limited, valued at about $1.84 million, as part of its new investment in the company during the first quarter.
• Genpact reported a quarterly earnings per share (EPS) of $0.88, exceeding expectations of $0.85, along with a revenue of $1.25 billion, indicating a 6.6% year-over-year growth.
• The company declared a quarterly dividend of $0.17, representing a yield of 1.5%, set to be paid on September 25th to shareholders recorded by September 11th.

Credit Agricole S A bought a new stake in Genpact Limited (NYSE:G - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 36,577 shares of the business services provider's stock, valued at approximately $1,843,000.

A number of other institutional investors also recently bought and sold shares of the stock. Coppell Advisory Solutions LLC lifted its position in shares of Genpact by 529.5% during the fourth quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock worth $25,000 after purchasing an additional 503 shares during the last quarter. Cornerstone Planning Group LLC purchased a new position in Genpact in the first quarter valued at about $27,000. Richardson Financial Services Inc. purchased a new position in Genpact in the first quarter valued at about $35,000. GeoWealth Management LLC grew its stake in Genpact by 199.0% in the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock valued at $38,000 after purchasing an additional 583 shares during the last quarter. Finally, Global X Japan Co. Ltd. purchased a new stake in shares of Genpact during the first quarter worth about $57,000. 96.03% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

G has been the subject of a number of research reports. Robert W. Baird decreased their target price on Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. JPMorgan Chase & Co. reduced their target price on Genpact from $55.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft assumed coverage on Genpact in a research report on Thursday, July 17th. They set a "hold" rating and a $47.00 price target for the company. Needham & Company LLC boosted their price target on Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Finally, Mizuho increased their price target on Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $52.29.

Genpact Stock Performance

G traded down $0.43 during trading on Thursday, reaching $44.98. 1,510,683 shares of the company were exchanged, compared to its average volume of 1,627,430. The stock has a market cap of $7.84 billion, a P/E ratio of 14.94, a PEG ratio of 1.55 and a beta of 0.92. The firm has a 50 day moving average of $44.19 and a 200 day moving average of $46.74. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.32. 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 announced its earnings results on Thursday, August 7th. The business services provider reported $0.88 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 business 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 business posted $0.79 earnings per share. Genpact'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. On average, sell-side analysts forecast that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Dividend Announcement

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

Genpact 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.