Genpact Limited $G Shares Acquired by BNP Paribas Financial Markets

Key Points

• BNP Paribas Financial Markets significantly increased its Genpact stake, boosting holdings by 435.3% in the fourth quarter to 334,191 shares worth about $15.6 million.
• Several other institutional investors also raised positions in Genpact, and hedge funds and institutions now own 96.03% of the company’s shares.
• Wall Street remains cautious on Genpact: analysts’ consensus rating is Hold, with an average price target of $43.29, while the stock recently traded at $32.67 after a 0.6% decline.

BNP Paribas Financial Markets lifted its holdings in Genpact Limited (NYSE:G - Free Report) by 435.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 334,191 shares of the business services provider's stock after acquiring an additional 271,756 shares during the quarter. BNP Paribas Financial Markets owned 0.19% of Genpact worth $15,633,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Geode Capital Management LLC grew its position in Genpact by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 4,330,116 shares of the business services provider's stock valued at $210,391,000 after buying an additional 107,870 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Genpact by 8.7% during the third quarter. Dimensional Fund Advisors LP now owns 3,978,210 shares of the business services provider's stock valued at $166,651,000 after purchasing an additional 319,861 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Genpact by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 3,762,407 shares of the business services provider's stock valued at $157,609,000 after purchasing an additional 549,117 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Genpact by 170.4% during the third quarter. AQR Capital Management LLC now owns 3,443,472 shares of the business services provider's stock valued at $144,247,000 after purchasing an additional 2,170,145 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in Genpact by 0.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,594,152 shares of the business services provider's stock valued at $121,354,000 after purchasing an additional 9,546 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Wall Street Analyst Weigh In

G has been the topic of several research reports. Weiss Ratings reissued a "hold (c)" rating on shares of Genpact in a research note on Friday, May 8th. Susquehanna decreased their price target on shares of Genpact from $42.00 to $37.00 and set a "neutral" rating on the stock in a research note on Tuesday, May 5th. Needham & Company LLC reissued a "buy" rating and issued a $50.00 price target on shares of Genpact in a research note on Friday, May 8th. Citigroup decreased their price target on shares of Genpact from $43.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, May 11th. Finally, Robert W. Baird cut their price objective on shares of Genpact from $54.00 to $45.00 and set a "neutral" rating for the company in a research report on Monday, May 11th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Genpact currently has an average rating of "Hold" and an average target price of $43.29.

Genpact Trading Down 0.6%

Shares of G stock opened at $32.67 on Friday. Genpact Limited has a 1-year low of $28.78 and a 1-year high of $48.64. The firm has a market cap of $5.54 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.92 and a beta of 0.58. The company has a 50-day moving average of $34.16 and a two-hundred day moving average of $40.03. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.69 and a quick ratio of 1.69.

Genpact (NYSE:G - Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (EPS) for the quarter. The business had revenue of $1.30 billion for the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. On average, analysts predict that Genpact Limited will post 3.64 EPS for the current year.

Genpact Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be paid a dividend of $0.1875 per share. The ex-dividend date is Wednesday, June 10th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.3%. Genpact's payout ratio is presently 23.01%.

Genpact Company Profile

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.

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