Nordea Investment Management AB Boosts Stock Holdings in Genpact Limited $G

Key Points

• Nordea Investment Management AB has increased its stake in Genpact Limited by 60.2% during the second quarter, now owning 2,617,255 shares valued at approximately $114.9 million.
• Analyst ratings for Genpact indicate a consensus of "Hold" with an average target price of $52.29, despite varying upgrades and downgrades from different institutions.
• Genpact is set to pay a quarterly dividend of $0.17 on December 23rd, representing an annualized yield of 1.7% and a dividend payout ratio of 22.59%.

Nordea Investment Management AB boosted its stake in shares of Genpact Limited (NYSE:G - Free Report) by 60.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,617,255 shares of the business services provider's stock after acquiring an additional 983,774 shares during the period. Nordea Investment Management AB owned 1.50% of Genpact worth $114,924,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Cornerstone Planning Group LLC purchased a new position in Genpact during the first quarter valued at $27,000. Richardson Financial Services Inc. purchased a new position in Genpact during the first quarter valued at $35,000. Steph & Co. purchased a new position in Genpact during the second quarter valued at $37,000. SVB Wealth LLC purchased a new position in Genpact during the first quarter valued at $41,000. Finally, Kestra Investment Management LLC purchased a new position in Genpact during the first quarter valued at $56,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. 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. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genpact in a research report on Thursday, July 17th. They set a "hold" rating and a $47.00 price objective for the company. JPMorgan Chase & Co. lowered their price objective on shares of Genpact from $55.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. Weiss Ratings reiterated a "hold (c)" rating on shares of Genpact in a research report on Wednesday, October 8th. Finally, Needham & Company LLC increased their price objective on shares of Genpact from $50.00 to $53.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $52.29.

Insider Activity

In related news, SVP Piyush Mehta sold 76,902 shares of the firm's stock in a transaction dated 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 owned 134,880 shares of the company's stock, valued at $5,743,190.40. This trade represents a 36.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 completion of the transaction, the chief executive officer directly owned 295,246 shares in the company, valued at $12,801,866.56. This represents a 15.70% decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.07% of the company's stock.

Genpact Price Performance

Genpact stock opened at $39.48 on Friday. The firm has a 50-day moving average price of $42.67 and a 200-day moving average price of $44.22. The firm has a market capitalization of $6.88 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 1.34 and a beta of 0.89. 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 Limited has a 12-month low of $37.82 and a 12-month high of $56.76.

Genpact (NYSE:G - Get Free Report) last released its earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.03. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The business's revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the business earned $0.79 EPS. 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 forecast that Genpact Limited will post 3.21 EPS for the current year.

Genpact Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Tuesday, December 9th. Genpact's dividend payout ratio (DPR) is currently 22.59%.

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.

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