Northwest & Ethical Investments L.P. Boosts Stock Holdings in Genpact Limited $G

Key Points

• Northwest & Ethical Investments L.P. increased its stake in Genpact Limited by 9.1%, now owning approximately 332,336 shares worth about $16.7 million.
• Genpact reported $1.25 billion in revenue for the recent quarter, surpassing estimates, and had an earnings per share (EPS) of $0.88, beating the consensus estimate.
• The company declared a quarterly dividend of $0.17 per share, representing an annual yield of 1.6%, with the ex-dividend date set for September 11.

Northwest & Ethical Investments L.P. boosted its stake in shares of Genpact Limited (NYSE:G - Free Report) by 9.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 332,336 shares of the business services provider's stock after acquiring an additional 27,754 shares during the quarter. Northwest & Ethical Investments L.P. owned 0.19% of Genpact worth $16,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. grew its position 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 worth $207,129,000 after buying an additional 710,704 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Genpact by 5.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,848,449 shares of the business services provider's stock valued at $165,288,000 after purchasing an additional 208,759 shares during the period. Sumitomo Mitsui Trust Group Inc. bought a new position in Genpact in the first quarter worth $115,807,000. Tandem Investment Advisors Inc. raised its holdings in Genpact by 6.6% in the first quarter. Tandem Investment Advisors Inc. now owns 2,270,143 shares of the business services provider's stock worth $114,370,000 after purchasing an additional 140,228 shares in the last quarter. Finally, Lord Abbett & CO. LLC purchased a new position in Genpact during the fourth quarter valued at $60,110,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Analysts Set New Price Targets

G has been the topic of a number of recent research reports. Wall Street Zen raised shares of Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Needham & Company LLC upped their price objective on shares of Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, August 8th. JPMorgan Chase & Co. lowered their target price on shares of Genpact from $55.00 to $50.00 and set a "neutral" rating for the company in a report on Wednesday. Robert W. Baird dropped their price target on Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft began 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 investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Genpact has a consensus rating of "Hold" and an average target price of $52.29.

Genpact Price Performance

G stock traded up $0.4180 during mid-day trading on Thursday, hitting $44.4580. The company had a trading volume of 1,604,340 shares, compared to its average volume of 1,625,177. The company has a 50-day moving average price of $43.99 and a 200 day moving average price of $46.92. Genpact Limited has a 12-month low of $37.82 and a 12-month high of $56.76. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.32. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of 14.77, a P/E/G ratio of 1.54 and a beta of 0.92.

Genpact (NYSE:G - Get Free Report) last announced its earnings results on Thursday, August 7th. The business services provider reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.85 by $0.03. The firm 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%.The company's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous 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. On average, research analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current 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 issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. Genpact's dividend payout ratio (DPR) is 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.