Fiduciary Management Inc. WI Has $350.52 Million Stake in Genpact Limited $G

Key Points

• Fiduciary Management Inc. reduced its stake in Genpact Limited by 23.9%, selling 2,188,033 shares and now holds 6,957,447 shares, which is approximately 3.4% of their portfolio.
• Genpact reported an earnings per share (EPS) of $0.88 for the last quarter, surpassing expectations and showing a 6.6% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.17 per share, with a total annualized dividend yield of 1.5% and a payout ratio of 22.59%.

Fiduciary Management Inc. WI lessened its position in Genpact Limited (NYSE:G - Free Report) by 23.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 6,957,447 shares of the business services provider's stock after selling 2,188,033 shares during the period. Genpact accounts for 3.4% of Fiduciary Management Inc. WI's investment portfolio, making the stock its 5th biggest position. Fiduciary Management Inc. WI owned approximately 3.96% of Genpact worth $350,516,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Coppell Advisory Solutions LLC boosted its holdings 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 period. Cornerstone Planning Group LLC purchased a new stake in Genpact in the 1st quarter worth approximately $27,000. Richardson Financial Services Inc. purchased a new position in shares of Genpact during the first quarter valued at approximately $35,000. GeoWealth Management LLC raised its holdings in shares of Genpact by 199.0% during the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock valued at $38,000 after acquiring an additional 583 shares in the last quarter. Finally, Global X Japan Co. Ltd. purchased a new stake in Genpact in the first quarter worth $57,000. 96.03% of the stock is owned by institutional investors.

Genpact Stock Up 0.5%

Genpact stock traded up $0.23 during mid-day trading on Wednesday, reaching $45.33. The stock had a trading volume of 684,569 shares, compared to its average volume of 1,614,925. Genpact Limited has a one year low of $37.82 and a one year high of $56.76. The company has a 50-day moving average price of $44.13 and a two-hundred day moving average price of $46.75. The company has a market capitalization of $7.90 billion, a price-to-earnings ratio of 15.05, a PEG ratio of 1.56 and a beta of 0.92. 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 issued 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 during the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the previous year, the company earned $0.79 earnings per share. The business's revenue for the quarter 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, analysts expect that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Announces Dividend

The firm also recently announced 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. 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 (DPR) is presently 22.59%.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Needham & Company LLC boosted their price objective on shares of Genpact from $50.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Mizuho boosted their price target on shares of Genpact from $48.00 to $51.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. 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 report on Thursday, May 8th. JPMorgan Chase & Co. cut their price objective on Genpact from $55.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Genpact in a research report on Thursday, July 17th. They issued a "hold" rating and a $47.00 target price for the company. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $52.29.

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.