Empowered Funds LLC Sells 92,531 Shares of Genpact Limited $G

Key Points

• Empowered Funds LLC has reduced its stake in Genpact Limited by 28.4%, selling 92,531 shares and owning 232,848 shares valued at approximately $11.73 million.
• Recent earnings for Genpact showed $0.88 earnings per share, exceeding estimates, with revenue reaching $1.25 billion, up 6.6% year-over-year.
• The company announced a quarterly dividend of $0.17 per share, representing a 1.6% yield, with an ex-dividend date of September 11th.

Empowered Funds LLC decreased its stake in Genpact Limited (NYSE:G - Free Report) by 28.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 232,848 shares of the business services provider's stock after selling 92,531 shares during the period. Empowered Funds LLC owned approximately 0.13% of Genpact worth $11,731,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. JPMorgan Chase & Co. grew its stake in shares of Genpact by 20.9% in the first quarter. JPMorgan Chase & Co. now owns 4,111,340 shares of the business services provider's stock worth $207,129,000 after acquiring an additional 710,704 shares during the last quarter. Alliancebernstein L.P. grew its stake in shares of Genpact by 4.1% in the first quarter. Alliancebernstein L.P. now owns 3,045,542 shares of the business services provider's stock worth $153,434,000 after acquiring an additional 118,689 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Genpact during the first quarter worth $115,807,000. Tandem Investment Advisors Inc. boosted its stake in Genpact by 6.6% during the first quarter. Tandem Investment Advisors Inc. now owns 2,270,143 shares of the business services provider's stock worth $114,370,000 after buying an additional 140,228 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in Genpact by 109.8% during the first quarter. Ameriprise Financial Inc. now owns 1,615,220 shares of the business services provider's stock worth $81,375,000 after buying an additional 845,393 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on G shares. Mizuho lifted their price target on shares of Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. decreased their price target on shares of Genpact from $55.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 20th. Wall Street Zen downgraded shares of Genpact from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. Needham & Company LLC lifted their price target on shares of Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Genpact in a research note on Thursday, July 17th. They set a "hold" rating and a $47.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Genpact has an average rating of "Hold" and an average price target of $52.29.

Genpact Price Performance

Shares of NYSE G traded down $0.80 during midday trading on Friday, reaching $42.53. 1,532,464 shares of the company traded hands, compared to its average volume of 1,737,344. The firm has a market cap of $7.41 billion, a PE ratio of 14.13, a PEG ratio of 1.49 and a beta of 0.92. The stock's 50-day simple moving average is $44.45 and its 200-day simple moving average is $45.92. Genpact Limited has a 12 month low of $37.82 and a 12 month 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.

Genpact (NYSE:G - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.88 earnings per share (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 analysts' expectations of $1.23 billion. Genpact had a return on equity of 22.15% and a net margin of 10.92%.The business's revenue was up 6.6% on a year-over-year basis. During the same period last year, the business 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. As a group, equities analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders 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 1.6%. Genpact's dividend payout ratio (DPR) is presently 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.