Genpact Limited $G Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its holdings in Genpact Limited by 9.5% during the 1st quarter, owning approximately 0.18% of the company worth $16.1 million.
• JPMorgan Chase & Co. significantly grew its position in Genpact by 20.9%, raising its ownership to over 4.1 million shares valued at $207 million.
• Genpact recently announced a quarterly dividend of $0.17 per share, resulting in an annualized yield of 1.6% and a payout ratio of 22.59%.

Russell Investments Group Ltd. raised its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 9.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 319,321 shares of the business services provider's stock after acquiring an additional 27,590 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of Genpact worth $16,087,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Coppell Advisory Solutions LLC boosted its position in shares of Genpact by 529.5% during the 4th quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock worth $25,000 after acquiring an additional 503 shares in the last quarter. Cornerstone Planning Group LLC purchased a new position in shares of Genpact in the 1st quarter valued at $27,000. Richardson Financial Services Inc. purchased a new position in shares of Genpact in the 1st quarter valued at $35,000. GeoWealth Management LLC grew its position in shares of Genpact by 199.0% in the 4th quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock valued at $38,000 after buying an additional 583 shares during the last quarter. Finally, Global X Japan Co. Ltd. purchased a new position in shares of Genpact in the 1st quarter valued at $57,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on G. Mizuho increased their price objective on Genpact from $48.00 to $51.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Wall Street Zen raised shares of Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Needham & Company LLC upped 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. cut their price target on Genpact from $55.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday. Finally, Robert W. Baird cut their price target on Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a research note on Thursday, May 8th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $52.29.

Genpact Price Performance

Shares of G traded up $1.18 during mid-day trading on Friday, reaching $45.70. 353,089 shares of the company's stock were exchanged, compared to its average volume of 1,617,004. 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 company has a 50-day simple moving average of $44.01 and a two-hundred day simple moving average of $46.89. Genpact Limited has a 52-week low of $37.82 and a 52-week high of $56.76. The company has a market cap of $7.96 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 1.51 and a beta of 0.92.

Genpact (NYSE:G - Get Free Report) last issued its quarterly earnings data 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 business 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 company's revenue was up 6.6% on a year-over-year basis. During the same period last year, the company posted $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, sell-side analysts predict that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders 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 yield of 1.5%. The ex-dividend date is Thursday, September 11th. Genpact's dividend payout ratio is 22.59%.

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.