Horizon Investments LLC Has $1.94 Million Holdings in Genpact Limited $G

Key Points

• Horizon Investments LLC significantly increased its stake in Genpact Limited by 101,278.9%, acquiring a total of 38,524 shares, which are valued at approximately $1.94 million.
• Genpact reported earnings of $0.88 EPS for the last quarter, surpassing the consensus estimate of $0.85, along with a revenue increase of 6.6% year-over-year, totaling $1.25 billion.
• The company declared a quarterly dividend of $0.17 per share, reflecting a 1.6% yield, with a dividend payout ratio of 22.59% for investors.

Horizon Investments LLC raised its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 101,278.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,524 shares of the business services provider's stock after acquiring an additional 38,486 shares during the period. Horizon Investments LLC's holdings in Genpact were worth $1,941,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of G. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Genpact during the 1st quarter valued at $115,807,000. Lord Abbett & CO. LLC acquired a new position in shares of Genpact in the 4th quarter worth $60,110,000. Millennium Management LLC grew its holdings in shares of Genpact by 829.4% in the 4th quarter. Millennium Management LLC now owns 1,057,389 shares of the business services provider's stock worth $45,415,000 after acquiring an additional 943,622 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Genpact by 20.9% in the 1st quarter. JPMorgan Chase & Co. now owns 4,111,340 shares of the business services provider's stock worth $207,129,000 after acquiring an additional 710,704 shares during the last quarter. Finally, Nuveen LLC acquired a new position in shares of Genpact in the 1st quarter worth $24,908,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on G shares. Deutsche Bank Aktiengesellschaft started coverage on Genpact in a report on Thursday, July 17th. They issued a "hold" rating and a $47.00 target price on the stock. Needham & Company LLC lifted their target price on Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Robert W. Baird decreased their target price on Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. JPMorgan Chase & Co. decreased their target price on Genpact from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday. Finally, Wall Street Zen upgraded Genpact from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $52.29.

Genpact Stock Up 0.8%

G traded up $0.36 during trading on Thursday, reaching $44.40. 720,266 shares of the stock traded hands, compared to its average volume of 1,619,700. The stock has a market cap of $7.74 billion, a price-to-earnings ratio of 14.76, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92. Genpact Limited has a fifty-two week low of $37.82 and a fifty-two week high of $56.76. 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 stock's 50-day simple moving average is $43.99 and its two-hundred day simple moving average is $46.92.

Genpact (NYSE:G - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, beating 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%.The business's revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.79 earnings per share. 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 expect that Genpact Limited will post 3.21 EPS for the current year.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be given a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.5%. Genpact's payout ratio is currently 22.59%.

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.