Intech Investment Management LLC Reduces Stock Holdings in Genpact Limited $G

Key Points

• Intech Investment Management LLC has decreased its position in Genpact Limited by 50.5%, now owning 66,680 shares worth approximately $3.36 million.
• Genpact reported a net margin of 10.92% and a 6.6% increase in quarterly revenue, totaling $1.25 billion, in its last earnings report.
• The company declared a $0.17 quarterly dividend, representing an annualized yield of 1.6%, with a dividend payout ratio of 22.59%.

Intech Investment Management LLC lessened its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 50.5% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 66,680 shares of the business services provider's stock after selling 67,975 shares during the quarter. Intech Investment Management LLC's holdings in Genpact were worth $3,359,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cornerstone Planning Group LLC bought a new stake in Genpact during the 1st quarter valued at $27,000. Richardson Financial Services Inc. bought a new stake in Genpact during the 1st quarter valued at $35,000. SVB Wealth LLC purchased a new position in Genpact during the 1st quarter worth $41,000. Kestra Investment Management LLC purchased a new position in Genpact during the 1st quarter worth $56,000. Finally, Global X Japan Co. Ltd. purchased a new position in Genpact during the 1st quarter worth $57,000. Institutional investors own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on G. JPMorgan Chase & Co. cut their price objective on shares of Genpact from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Wall Street Zen downgraded shares of Genpact from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Needham & Company LLC boosted their price target on shares of Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Mizuho boosted their price target on shares of Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Genpact in a report on Thursday, July 17th. They issued a "hold" rating and a $47.00 price target on the stock. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Genpact currently has a consensus rating of "Hold" and a consensus target price of $52.29.

Insider Activity at Genpact

In related news, SVP Piyush Mehta sold 76,902 shares of the company's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $42.58, for a total value of $3,274,487.16. Following the transaction, the senior vice president directly owned 134,880 shares in the company, valued at approximately $5,743,190.40. This represents a 36.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Balkrishan Kalra sold 55,000 shares of the company's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $43.36, for a total transaction of $2,384,800.00. Following the completion of the transaction, the chief executive officer owned 295,246 shares in the company, 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. 2.80% of the stock is currently owned by corporate insiders.

Genpact Stock Performance

NYSE G traded down $0.41 during trading on Monday, hitting $42.11. 1,521,112 shares of the company's stock traded hands, compared to its average volume of 1,686,304. The stock has a market capitalization of $7.34 billion, a price-to-earnings ratio of 13.99, a PEG ratio of 1.46 and a beta of 0.92. Genpact Limited has a 12-month low of $37.82 and a 12-month high of $56.76. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.53 and a current ratio of 1.53. The business has a 50 day moving average of $44.37 and a 200-day moving average of $45.74.

Genpact (NYSE:G - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share for the quarter, beating 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 firm had revenue of $1.25 billion for the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the business posted $0.79 earnings per share. The company's 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 anticipate that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Announces Dividend

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 given a dividend of $0.17 per share. The ex-dividend date is Thursday, September 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. Genpact's dividend payout ratio is currently 22.59%.

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.