Jackson Creek Investment Advisors LLC Purchases New Shares in Genpact Limited $G

Key Points

• Jackson Creek Investment Advisors initiated a new position in Genpact, buying 31,840 shares in the fourth quarter valued at about $1.49 million.
• Several other institutional investors also increased their Genpact holdings, and the article notes that 96.03% of the stock is owned by institutions.
• Genpact recently reported quarterly EPS of $0.98 on revenue of $1.30 billion and announced a quarterly dividend of $0.1875 per share, for an annualized yield of about 2.4%.

Jackson Creek Investment Advisors LLC purchased a new stake in Genpact Limited (NYSE:G - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 31,840 shares of the business services provider's stock, valued at approximately $1,489,000.

Other institutional investors have also made changes to their positions in the company. Qsemble Capital Management LP bought a new position in shares of Genpact in the fourth quarter valued at about $3,258,000. JPMorgan Chase & Co. increased its position in Genpact by 17.1% in the third quarter. JPMorgan Chase & Co. now owns 3,762,407 shares of the business services provider's stock worth $157,609,000 after purchasing an additional 549,117 shares during the period. Principal Financial Group Inc. increased its position in Genpact by 36.3% in the third quarter. Principal Financial Group Inc. now owns 497,105 shares of the business services provider's stock worth $20,824,000 after purchasing an additional 132,310 shares during the period. Envestnet Asset Management Inc. increased its position in Genpact by 64.3% in the third quarter. Envestnet Asset Management Inc. now owns 533,566 shares of the business services provider's stock worth $22,351,000 after purchasing an additional 208,762 shares during the period. Finally, ProShare Advisors LLC increased its position in Genpact by 27.5% in the third quarter. ProShare Advisors LLC now owns 153,260 shares of the business services provider's stock worth $6,420,000 after purchasing an additional 33,056 shares during the period. 96.03% of the stock is owned by institutional investors.

Insider Transactions at Genpact

In related news, CEO Balkrishan Kalra sold 2,800 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $40.77, for a total transaction of $114,156.00. Following the completion of the sale, the chief executive officer directly owned 525,007 shares of the company's stock, valued at approximately $21,404,535.39. This represents a 0.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.58% of the company's stock.

Genpact Price Performance

Genpact stock opened at $31.56 on Thursday. The firm has a market capitalization of $5.35 billion, a P/E ratio of 9.68, a PEG ratio of 0.88 and a beta of 0.61. Genpact Limited has a 1 year low of $28.78 and a 1 year high of $48.64. The business has a 50-day moving average of $34.89 and a 200-day moving average of $40.58. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47.

Genpact (NYSE:G - Get Free Report) last posted its earnings results on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (EPS) for the quarter. The company had revenue of $1.30 billion during the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%. On average, equities analysts anticipate that Genpact Limited will post 3.64 EPS for the current year.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be paid a dividend of $0.1875 per share. This represents a $0.75 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, June 10th. Genpact's dividend payout ratio is presently 23.01%.

Analysts Set New Price Targets

A number of brokerages recently commented on G. Weiss Ratings reiterated a "hold (c)" rating on shares of Genpact in a research report on Friday, May 8th. Citigroup lowered their price objective on Genpact from $43.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, May 11th. Susquehanna lowered their price objective on Genpact from $42.00 to $37.00 and set a "neutral" rating for the company in a research report on Tuesday, May 5th. Wall Street Zen lowered Genpact from a "buy" rating to a "hold" rating in a research report on Saturday, March 14th. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price objective on shares of Genpact in a research report on Friday, May 8th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $43.29.

About Genpact

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.

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