Corebridge Financial Inc. Has $8.95 Million Stock Holdings in Genpact Limited $G

Key Points

• Corebridge Financial Inc. reduced its holdings in Genpact by 3.3%, now owning about 0.10% of the company, valued at approximately $8.95 million.
• Genpact's quarterly earnings exceeded analyst expectations, reporting $0.88 EPS compared to a consensus estimate of $0.85, with revenue growth of 6.6% year-over-year.
• The company announced a quarterly dividend of $0.17 per share, which will yield 1.5% annually, with the ex-dividend date on September 11th.

Corebridge Financial Inc. trimmed its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 3.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 177,562 shares of the business services provider's stock after selling 6,109 shares during the period. Corebridge Financial Inc. owned about 0.10% of Genpact worth $8,946,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Cornerstone Planning Group LLC acquired a new position in shares of Genpact during the first quarter worth $27,000. Richardson Financial Services Inc. acquired a new stake in Genpact in the first quarter worth about $35,000. SVB Wealth LLC acquired a new stake in Genpact in the first quarter worth about $41,000. Global X Japan Co. Ltd. acquired a new stake in Genpact in the 1st quarter valued at about $57,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Genpact by 40.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,367 shares of the business services provider's stock valued at $68,000 after acquiring an additional 396 shares during the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Stock Up 0.8%

Shares of G traded up $0.36 during mid-day trading on Monday, hitting $45.33. 1,706,147 shares of the company's stock were exchanged, compared to its average volume of 2,032,093. The company has a market cap of $7.90 billion, a PE ratio of 15.06, a P/E/G ratio of 1.56 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 50-day simple moving average of $44.34 and a 200 day simple moving average of $46.49. 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 quarterly earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate 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 net margin of 10.92% and a return on equity of 22.15%. The business's quarterly revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $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. On average, research analysts forecast that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.5%. Genpact's dividend payout ratio (DPR) is currently 22.59%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on G shares. Needham & Company LLC upped their target price on Genpact from $50.00 to $53.00 and gave the company a "buy" rating in a report on Friday, August 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. Robert W. Baird decreased their price target on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Genpact in a report on Thursday, July 17th. They issued a "hold" rating and a $47.00 price target for the company. Finally, Mizuho boosted their price objective on Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Genpact currently has an average rating of "Hold" and a consensus price target 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.