Genpact Limited $G Shares Sold by Ethic Inc.

Key Points

• Ethic Inc. sold 6,687 shares of Genpact Limited, reducing its holdings by 22.6% in the first quarter, leaving it with 22,965 shares valued at approximately $1,161,000.
• Several hedge funds have altered their positions in Genpact, with Stifel Financial Corp increasing its stake by 1%, reflecting overall significant institutional interest with 96.03% of the stock owned by institutional investors.
• Genpact has recently announced a quarterly dividend of $0.17, which will be paid on September 25th, representing an annualized yield of 1.5%.

Ethic Inc. trimmed its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 22.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,965 shares of the business services provider's stock after selling 6,687 shares during the period. Ethic Inc.'s holdings in Genpact were worth $1,161,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new position in shares of Genpact in the 1st quarter valued at $27,000. Coppell Advisory Solutions LLC increased its holdings in Genpact by 529.5% in the 4th quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock valued at $25,000 after purchasing an additional 503 shares in the last quarter. Richardson Financial Services Inc. purchased a new position in Genpact in the first quarter valued at about $35,000. GeoWealth Management LLC raised its position 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 period. Finally, Global X Japan Co. Ltd. acquired a new position in shares of Genpact during the first quarter worth about $57,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft initiated coverage on Genpact in a research note on Thursday, July 17th. They issued a "hold" rating and a $47.00 target price for the company. Robert W. Baird lowered their price objective on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Wall Street Zen upgraded shares of Genpact from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Mizuho boosted their target price on shares of Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Finally, Needham & Company LLC raised 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. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Genpact currently has an average rating of "Hold" and an average price target of $52.29.

Genpact Stock Up 0.3%

NYSE:G traded up $0.1140 during mid-day trading on Monday, reaching $45.4240. The stock had a trading volume of 1,234,928 shares, compared to its average volume of 2,045,791. The company has a market capitalization of $7.92 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 1.56 and a beta of 0.92. Genpact Limited has a 1-year low of $37.82 and a 1-year high of $56.76. The stock's 50 day simple moving average is $44.09 and its two-hundred day simple moving average is $46.76. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.53 and a quick ratio of 1.53.

Genpact (NYSE:G - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.03. The firm 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%.Genpact's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $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. Equities analysts anticipate that Genpact Limited will post 3.21 EPS for the current year.

Genpact Dividend Announcement

The firm 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 $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. Genpact's 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.