NFJ Investment Group LLC Sells 118,973 Shares of Genpact Limited $G

Key Points

• NFJ Investment Group LLC reduced its stake in Genpact Limited by 23.9%, now holding 379,457 shares valued at approximately $19.12 million.
• Genpact recently reported $0.88 earnings per share (EPS) for the last quarter, surpassing analyst estimates and showcasing a year-over-year revenue growth of 6.6%.
• The company declared a quarterly dividend of $0.17 per share, reflecting an annualized yield of 1.5%, with the payout ratio currently at 22.59%.

NFJ Investment Group LLC cut its position in Genpact Limited (NYSE:G - Free Report) by 23.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 379,457 shares of the business services provider's stock after selling 118,973 shares during the quarter. NFJ Investment Group LLC owned about 0.22% of Genpact worth $19,117,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of Genpact during the 1st quarter valued at $115,807,000. Clark Capital Management Group Inc. acquired a new stake in shares of Genpact in the 1st quarter worth about $64,842,000. Millennium Management LLC boosted its holdings in Genpact by 829.4% during 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. Ameriprise Financial Inc. grew its holdings in shares of Genpact by 109.8% in the first 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 in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Genpact by 20.9% during 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 acquiring an additional 710,704 shares during the period. Institutional investors and hedge funds own 96.03% of the company's stock.

Genpact Stock Performance

Shares of NYSE G traded down $0.71 during midday trading on Wednesday, hitting $42.99. 753,220 shares of the stock traded hands, compared to its average volume of 1,622,265. The firm has a market capitalization of $7.49 billion, a P/E ratio of 14.28, a PEG ratio of 1.52 and a beta of 0.92. Genpact Limited has a one year low of $37.82 and a one year 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 firm has a 50-day moving average of $44.60 and a two-hundred day moving average of $46.07.

Genpact (NYSE:G - Get Free Report) last posted 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. The company 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%.Genpact's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business 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. On average, equities analysts forecast that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Dividend Announcement

The company also recently announced 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. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, September 11th. Genpact's dividend payout ratio is currently 22.59%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Wall Street Zen cut shares of Genpact from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. JPMorgan Chase & Co. cut their price target 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. Needham & Company LLC lifted their price objective on Genpact from $50.00 to $53.00 and gave the company a "buy" rating in a research report 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 report on Tuesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Genpact in a research report on Thursday, July 17th. They set a "hold" rating and a $47.00 price objective for the company. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $52.29.

Genpact Company 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.