Empowered Funds LLC Trims Position in 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 lowered its stake in Genpact Limited (NYSE:G - Free Report) by 28.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 232,848 shares of the business services provider's stock after selling 92,531 shares during the quarter. Empowered Funds LLC owned about 0.13% of Genpact worth $11,731,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of G. Cornerstone Planning Group LLC bought a new position in Genpact in the first quarter valued at approximately $27,000. Richardson Financial Services Inc. bought a new position in Genpact in the first quarter valued at approximately $35,000. SVB Wealth LLC bought a new position in Genpact in the first quarter valued at approximately $41,000. Kestra Investment Management LLC bought a new position in Genpact in the first quarter valued at approximately $56,000. Finally, Global X Japan Co. Ltd. bought a new position in Genpact in the first quarter valued at approximately $57,000. Institutional investors own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on G shares. JPMorgan Chase & Co. lowered their price objective on shares of Genpact from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Mizuho upped their price objective on shares of Genpact from $48.00 to $51.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft began coverage on shares of Genpact in a report on Thursday, July 17th. They issued a "hold" rating and a $47.00 price objective on the stock. Wall Street Zen downgraded shares of Genpact from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. Finally, Needham & Company LLC upped their price objective 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 investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Genpact currently has an average rating of "Hold" and a consensus price target of $52.29.

Genpact Stock Performance

Shares of NYSE G traded down $0.36 during mid-day trading on Monday, reaching $42.16. 394,380 shares of the company's stock were exchanged, compared to its average volume of 1,626,373. The firm has a market capitalization of $7.35 billion, a price-to-earnings ratio of 14.02, a price-to-earnings-growth ratio of 1.46 and a beta of 0.92. Genpact Limited has a 52 week low of $37.82 and a 52 week high of $56.76. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a 50-day moving average price of $44.45 and a two-hundred day moving average price of $45.82.

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, topping analysts' consensus estimates of $0.85 by $0.03. The company had revenue of $1.25 billion for 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 for the quarter was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 EPS. Genpact has set its FY 2025 guidance at 3.510-3.580 EPS. Q3 2025 guidance at 0.890-0.900 EPS. Analysts predict that Genpact Limited will post 3.21 EPS for the current year.

Genpact Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.68 annualized dividend and a yield of 1.6%. Genpact's dividend payout ratio (DPR) is 22.59%.

About Genpact

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.