Genpact Limited $G Shares Bought by KLP Kapitalforvaltning AS

Key Points

• KLP Kapitalforvaltning AS increased its stake in Genpact Limited by 54.4% during the second quarter, owning 51,100 shares valued at $2,249,000.
• Genpact's stock was recently down by 2.1%, with a current trading price around $39.35.
• The company announced a quarterly dividend of $0.17 per share, with an annualized yield of 1.7%, payable on December 23rd.

KLP Kapitalforvaltning AS grew its stake in shares of Genpact Limited (NYSE:G - Free Report) by 54.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,100 shares of the business services provider's stock after acquiring an additional 18,000 shares during the quarter. KLP Kapitalforvaltning AS's holdings in Genpact were worth $2,249,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. increased its stake in shares of Genpact by 59.2% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 10,355 shares of the business services provider's stock valued at $522,000 after acquiring an additional 3,849 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Genpact by 20.6% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 9,650 shares of the business services provider's stock valued at $486,000 after acquiring an additional 1,651 shares during the last quarter. Wright Investors Service Inc. acquired a new position in shares of Genpact during the 2nd quarter valued at about $457,000. GAMMA Investing LLC increased its stake in shares of Genpact by 88.0% during the 1st quarter. GAMMA Investing LLC now owns 9,744 shares of the business services provider's stock valued at $491,000 after acquiring an additional 4,561 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Genpact during the 1st quarter valued at about $2,396,000. Institutional investors and hedge funds own 96.03% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on G. Weiss Ratings reissued a "hold (c)" rating on shares of Genpact in a research report on Wednesday. JPMorgan Chase & Co. dropped their target price on shares of Genpact from $55.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. Needham & Company LLC increased their target price on shares of Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Mizuho increased 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, Wall Street Zen downgraded shares of Genpact from a "buy" rating to a "hold" rating in a research report on Friday, September 5th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $52.29.

Genpact Stock Down 2.1%

NYSE G opened at $39.35 on Friday. The stock has a market cap of $6.86 billion, a PE ratio of 13.07, a P/E/G ratio of 1.35 and a beta of 0.89. Genpact Limited has a fifty-two week low of $37.82 and a fifty-two week high of $56.76. The business has a 50 day moving average price of $42.97 and a two-hundred day moving average price of $44.56. 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 (NYSE:G - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.85 by $0.03. The firm had revenue of $1.25 billion during 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 quarterly revenue was up 6.6% compared to the same quarter last year. During the same quarter in the prior 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. As a group, sell-side analysts predict that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date is Tuesday, December 9th. Genpact's dividend payout ratio is currently 22.59%.

Insider Buying and Selling

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

Genpact Company 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.

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