Genpact Limited $G Shares Sold by Martingale Asset Management L P

Key Points

• Martingale Asset Management has reduced its stake in Genpact Limited by 14.7%, selling 21,135 shares and holding a total of 122,579 shares valued at approximately $6.18 million.
• Genpact reported a quarterly EPS of $0.88, exceeding analyst expectations and showing a year-over-year revenue increase of 6.6%, totaling $1.25 billion.
• The company announced a quarterly dividend of $0.17 per share, with a yield of 1.5% and a payout ratio of 22.59%, scheduled to be paid on September 25th.

Martingale Asset Management L P trimmed its holdings in Genpact Limited (NYSE:G - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 122,579 shares of the business services provider's stock after selling 21,135 shares during the quarter. Martingale Asset Management L P owned 0.07% of Genpact worth $6,176,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its holdings in Genpact by 59.2% in 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 boosted its position 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 worth $486,000 after purchasing an additional 1,651 shares during the period. GAMMA Investing LLC boosted its position in Genpact by 88.0% in the 1st quarter. GAMMA Investing LLC now owns 9,744 shares of the business services provider's stock valued at $491,000 after buying an additional 4,561 shares during the period. 111 Capital purchased a new position in Genpact in the 4th quarter valued at approximately $301,000. Finally, Assenagon Asset Management S.A. purchased a new position in Genpact in the 1st quarter valued at approximately $2,396,000. Institutional investors and hedge funds own 96.03% of the company's stock.

Genpact Stock Performance

G traded up $0.03 during midday trading on Wednesday, reaching $45.13. The company had a trading volume of 507,836 shares, compared to its average volume of 1,613,988. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.32. The business has a 50-day moving average of $44.13 and a two-hundred day moving average of $46.75. Genpact Limited has a 1 year low of $37.82 and a 1 year high of $56.76. The company has a market cap of $7.86 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.56 and a beta of 0.92.

Genpact (NYSE:G - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.88 EPS for the quarter, topping the consensus estimate of $0.85 by $0.03. Genpact had a return on equity of 22.15% and a net margin of 10.92%.The company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same period last year, the business posted $0.79 EPS. Genpact's quarterly revenue 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. As a group, equities research analysts predict that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be paid a dividend of $0.17 per share. The ex-dividend date 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%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on G shares. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genpact in a research report on Thursday, July 17th. They set a "hold" rating and a $47.00 price objective for the company. Needham & Company LLC boosted their price target on Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. JPMorgan Chase & Co. lowered their price target on shares of Genpact from $55.00 to $50.00 and set a "neutral" rating on the stock in a research report on Wednesday, August 20th. Robert W. Baird lowered their price target on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Mizuho increased 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. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average 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.