Panagora Asset Management Inc. Invests $7.58 Million in Genpact Limited $G

Key Points

• Panagora Asset Management Inc. acquired 150,375 shares of Genpact Limited, valued at approximately $7.58 million, marking a new investment in the company during the first quarter.
• Genpact reported earnings of $0.88 per share for the last quarter, exceeding consensus estimates, with revenue of $1.25 billion, which was up 6.6% year-over-year.
• The company has declared a quarterly dividend of $0.17 per share, which reflects a 1.5% dividend yield and a payout ratio of 22.59%.

Panagora Asset Management Inc. acquired a new stake in Genpact Limited (NYSE:G - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 150,375 shares of the business services provider's stock, valued at approximately $7,576,000. Panagora Asset Management Inc. owned approximately 0.09% of Genpact at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of G. Sumitomo Mitsui Trust Group Inc. acquired a new position in Genpact in the first quarter valued at $115,807,000. Millennium Management LLC boosted its stake in Genpact by 829.4% in the fourth quarter. Millennium Management LLC now owns 1,057,389 shares of the business services provider's stock valued at $45,415,000 after acquiring an additional 943,622 shares in the last quarter. Ameriprise Financial Inc. raised 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 buying an additional 845,393 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Genpact by 20.9% in the first quarter. JPMorgan Chase & Co. now owns 4,111,340 shares of the business services provider's stock valued at $207,129,000 after buying an additional 710,704 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its holdings in shares of Genpact by 421.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 767,386 shares of the business services provider's stock valued at $38,662,000 after buying an additional 620,201 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on G. Deutsche Bank Aktiengesellschaft began coverage on shares of Genpact in a report on Thursday, July 17th. They issued a "hold" rating and a $47.00 target price for the company. Needham & Company LLC upped their target price on shares of Genpact from $50.00 to $53.00 and gave the company a "buy" rating in a report on Friday, August 8th. 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 report on Wednesday, August 20th. Wall Street Zen cut shares of Genpact from a "buy" rating to a "hold" rating in a report on Friday. Finally, Mizuho upped 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. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $52.29.

Genpact Stock Performance

NYSE G traded down $0.06 during trading hours on Friday, hitting $44.91. 1,871,683 shares of the stock were exchanged, compared to its average volume of 1,751,716. The company has a market cap of $7.83 billion, a price-to-earnings ratio of 14.92, a price-to-earnings-growth ratio of 1.54 and a beta of 0.92. Genpact Limited has a 12-month low of $37.82 and a 12-month high of $56.76. The stock has a 50-day moving average of $44.62 and a 200 day moving average of $46.27. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.32.

Genpact (NYSE:G - Get Free Report) last posted its quarterly 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 analysts' expectations of $1.23 billion. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. During the same period in the prior year, the company posted $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. As a group, equities research analysts forecast that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Dividend Announcement

The business also recently declared 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 1.5%. The ex-dividend date is Thursday, September 11th. Genpact's dividend payout ratio (DPR) is presently 22.59%.

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.