Ameriprise Financial Inc. Grows Stake in Genpact Limited $G

Key Points

• Ameriprise Financial Inc. increased its stake in Genpact Limited by 109.8% during the first quarter, owning approximately 0.92% of the company worth $81.38 million.
• Genpact recently reported a quarterly earnings per share of $0.88, exceeding analyst estimates, with a revenue of $1.25 billion, marking a 6.6% increase from the previous year.
• The company announced a quarterly dividend of $0.17 per share, representing a 1.5% yield and a dividend payout ratio of 22.59%.

Ameriprise Financial Inc. raised its position in Genpact Limited (NYSE:G - Free Report) by 109.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,615,220 shares of the business services provider's stock after buying an additional 845,393 shares during the period. Ameriprise Financial Inc. owned 0.92% of Genpact worth $81,375,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC purchased a new stake in Genpact in the 1st quarter valued at about $27,000. Richardson Financial Services Inc. purchased a new stake in Genpact in the 1st quarter valued at about $35,000. Global X Japan Co. Ltd. purchased a new stake in Genpact in the 1st quarter valued at about $57,000. Quarry LP increased its stake in Genpact by 1,528.6% in the 4th quarter. Quarry LP now owns 1,710 shares of the business services provider's stock valued at $73,000 after buying an additional 1,605 shares during the last quarter. Finally, UMB Bank n.a. increased its stake in Genpact by 66.2% in the 1st quarter. UMB Bank n.a. now owns 2,011 shares of the business services provider's stock valued at $101,000 after buying an additional 801 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company's stock.

Genpact Stock Performance

Shares of Genpact stock traded down $0.43 during trading hours on Thursday, reaching $44.98. The company had a trading volume of 1,510,683 shares, compared to its average volume of 2,134,289. Genpact Limited has a one year low of $37.82 and a one year high of $56.76. The business has a fifty day simple moving average of $44.25 and a 200 day simple moving average of $46.68. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market cap of $7.84 billion, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.56 and a beta of 0.92.

Genpact (NYSE:G - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.03. Genpact had a return on equity of 22.15% and a net margin of 10.92%.The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same period last year, the company earned $0.79 earnings per share. The business's revenue for the quarter was up 6.6% on a year-over-year basis. 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 anticipate that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders 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 dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. Genpact's dividend payout ratio (DPR) is presently 22.59%.

Wall Street Analyst Weigh In

G has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genpact in a research note on Thursday, July 17th. They issued a "hold" rating and a $47.00 price objective for the company. JPMorgan Chase & Co. decreased their price target on shares of Genpact from $55.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, August 20th. Needham & Company LLC raised their price target on shares of Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a research note 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. Finally, Mizuho raised their price target on shares of Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Three investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $52.29.

About Genpact

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.