Lecap Asset Management Ltd. Has $756,000 Stake in Genpact Limited $G

Key Points

• Lecap Asset Management Ltd. reduced its stake in Genpact Limited by 45.5%, lowering its holdings to 17,176 shares valued at $756,000.
• Insider trading activities included SVP Piyush Mehta selling 76,902 shares and CEO Balkrishan Kalra selling 55,000 shares, indicating a decrease in their ownership by 36.31% and 15.70%, respectively.
• Genpact has recently announced a quarterly dividend of $0.17 per share with a dividend yield of 1.6%, and its consensus rating stands at "Hold" with an average price target of $52.29.

Lecap Asset Management Ltd. lowered its position in Genpact Limited (NYSE:G - Free Report) by 45.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,176 shares of the business services provider's stock after selling 14,326 shares during the period. Lecap Asset Management Ltd.'s holdings in Genpact were worth $756,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake 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 valued at $207,129,000 after purchasing an additional 710,704 shares during the last quarter. Alliancebernstein L.P. raised its holdings in Genpact by 4.1% during the first quarter. Alliancebernstein L.P. now owns 3,045,542 shares of the business services provider's stock valued at $153,434,000 after buying an additional 118,689 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Genpact in the first quarter worth about $115,807,000. Tandem Investment Advisors Inc. boosted its stake in shares of Genpact by 6.6% during the 1st quarter. Tandem Investment Advisors Inc. now owns 2,270,143 shares of the business services provider's stock worth $114,370,000 after acquiring an additional 140,228 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Genpact by 109.8% during the 1st quarter. Ameriprise Financial Inc. now owns 1,615,220 shares of the business services provider's stock valued at $81,375,000 after acquiring an additional 845,393 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Genpact news, SVP Piyush Mehta sold 76,902 shares of the business's stock in a transaction 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 sale, the senior vice president owned 134,880 shares of the company's stock, valued at $5,743,190.40. The trade was a 36.31% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Balkrishan Kalra sold 55,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer directly owned 295,246 shares of the company's stock, valued at $12,801,866.56. The trade was a 15.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.07% of the company's stock.

Genpact Price Performance

Shares of Genpact stock opened at $41.40 on Friday. 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 company has a market cap of $7.21 billion, a PE ratio of 13.75, a price-to-earnings-growth ratio of 1.44 and a beta of 0.89. The firm has a fifty day moving average price of $43.44 and a two-hundred day moving average price of $45.00. Genpact Limited has a fifty-two week low of $37.82 and a fifty-two week high of $56.76.

Genpact (NYSE:G - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.85 by $0.03. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the business earned $0.79 earnings per share. The firm's revenue for the quarter 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. Analysts expect that Genpact Limited will post 3.21 EPS for the current year.

Genpact Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th were issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, September 11th. Genpact's dividend payout ratio (DPR) is presently 22.59%.

Analyst Upgrades and Downgrades

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

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