Envestnet Portfolio Solutions Inc. Increases Position in Genpact Limited $G

Key Points

• Envestnet Portfolio Solutions Inc. increased its stake in Genpact Limited by 158.6% in the second quarter, owning 26,779 shares worth approximately $1,179,000.
• Genpact has seen a range of analyst price target adjustments, with Needham & Company raising it to $53.00 while JPMorgan Chase lowered it to $50.00.
• The company recently announced a quarterly dividend of $0.17 per share, reflecting an annualized dividend yield of 1.7%, with the ex-dividend date set for December 9th.

Envestnet Portfolio Solutions Inc. increased its stake in shares of Genpact Limited (NYSE:G - Free Report) by 158.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,779 shares of the business services provider's stock after buying an additional 16,424 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in Genpact were worth $1,179,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Genpact by 2.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,890 shares of the business services provider's stock valued at $454,000 after buying an additional 240 shares during the last quarter. Sylvest Advisors LLC grew its holdings in shares of Genpact by 1.5% during the second quarter. Sylvest Advisors LLC now owns 17,902 shares of the business services provider's stock valued at $788,000 after buying an additional 258 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Genpact by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 45,300 shares of the business services provider's stock valued at $1,994,000 after buying an additional 300 shares during the last quarter. Petrus Trust Company LTA grew its holdings in shares of Genpact by 2.2% during the first quarter. Petrus Trust Company LTA now owns 14,390 shares of the business services provider's stock valued at $725,000 after buying an additional 305 shares during the last quarter. Finally, KBC Group NV grew its holdings in shares of Genpact by 4.7% during the first quarter. KBC Group NV now owns 7,266 shares of the business services provider's stock valued at $366,000 after buying an additional 324 shares during the last quarter. 96.03% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Needham & Company LLC upped their price target on shares of Genpact from $50.00 to $53.00 and gave the company a "buy" rating in a report on Friday, August 8th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Genpact in a report on Thursday, July 17th. They issued a "hold" rating and a $47.00 price target on the stock. JPMorgan Chase & Co. lowered their price target 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. Wall Street Zen lowered shares of Genpact from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Genpact in a report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $52.29.

Insider Activity

In related news, SVP Piyush Mehta sold 76,902 shares of the firm's stock in a transaction dated Friday, September 12th. The shares were sold at an average price of $42.58, for a total value of $3,274,487.16. Following the transaction, the senior vice president directly owned 134,880 shares of the company's stock, valued at approximately $5,743,190.40. This trade represents a 36.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Balkrishan Kalra sold 55,000 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $43.36, for a total transaction of $2,384,800.00. Following the completion of the transaction, the chief executive officer directly owned 295,246 shares in the company, valued at $12,801,866.56. This represents a 15.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 3.07% of the company's stock.

Genpact Trading Up 1.3%

G stock opened at $39.48 on Friday. The company's 50-day simple moving average is $42.67 and its 200-day simple moving average is $44.17. The company has a quick ratio of 1.53, a current 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. The firm has a market cap of $6.88 billion, a P/E ratio of 13.11, a PEG ratio of 1.35 and a beta of 0.89.

Genpact (NYSE:G - Get Free Report) last posted its earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.03. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The business had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same period in the prior year, the company posted $0.79 EPS. The company's revenue for the quarter was up 6.6% on a year-over-year basis. 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 forecast that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, December 9th. Genpact's dividend payout ratio 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.