Millennium Management LLC Has $60.20 Million Holdings in Genpact Limited $G

Millennium Management LLC lifted its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 13.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,194,832 shares of the business services provider's stock after buying an additional 137,443 shares during the period. Millennium Management LLC owned 0.68% of Genpact worth $60,196,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of G. Ameriprise Financial Inc. grew its position in shares of Genpact by 19.6% during the 4th quarter. Ameriprise Financial Inc. now owns 769,827 shares of the business services provider's stock valued at $33,064,000 after buying an additional 126,361 shares during the last quarter. Cetera Investment Advisers boosted its stake in Genpact by 4.7% during the 4th quarter. Cetera Investment Advisers now owns 13,269 shares of the business services provider's stock valued at $570,000 after purchasing an additional 595 shares during the period. EP Wealth Advisors LLC boosted its stake in Genpact by 12.2% during the 4th quarter. EP Wealth Advisors LLC now owns 8,819 shares of the business services provider's stock valued at $379,000 after purchasing an additional 961 shares during the period. Deutsche Bank AG boosted its stake in Genpact by 485.5% during the 4th quarter. Deutsche Bank AG now owns 14,110 shares of the business services provider's stock valued at $606,000 after purchasing an additional 11,700 shares during the period. Finally, Focus Partners Wealth acquired a new position in Genpact during the 4th quarter valued at about $204,000. Institutional investors own 96.03% of the company's stock.

Analyst Ratings Changes

A number of research firms have issued reports on G. Deutsche Bank Aktiengesellschaft began coverage on shares of Genpact in a research note on Thursday, July 17th. They set a "hold" rating and a $47.00 target price for the company. JPMorgan Chase & Co. reduced their target price on shares of Genpact from $55.00 to $50.00 and set a "neutral" rating for the company in a research note on Wednesday, August 20th. Needham & Company LLC boosted their target price on shares of Genpact from $50.00 to $53.00 and gave the company a "buy" rating in a research note on Friday, August 8th. Mizuho boosted 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. Finally, Wall Street Zen lowered shares of Genpact from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. Three 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.com, the stock presently has a consensus rating of "Hold" and an average target price of $52.29.

Genpact Price Performance

G stock traded down $0.80 on Friday, hitting $42.53. 1,532,464 shares of the company's stock traded hands, compared to its average volume of 1,737,344. Genpact Limited has a 1-year low of $37.82 and a 1-year high of $56.76. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 14.13, a P/E/G ratio of 1.49 and a beta of 0.92. The stock has a fifty day moving average of $44.45 and a 200-day moving average of $45.87. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.32.

Genpact (NYSE:G - Get Free Report) last released its earnings results on Thursday, August 7th. The business services provider reported $0.88 EPS for the quarter, beating the consensus estimate 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 period in the prior year, the business earned $0.79 earnings per share. The business's quarterly 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. On average, analysts forecast that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.68 annualized dividend and a yield of 1.6%. Genpact's dividend 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.