PDT Partners LLC Increases Holdings in Genpact Limited $G

Key Points

• PDT Partners LLC increased its stake in Genpact Limited by 43.4%, owning 30,365 shares valued at $1.53 million as of its recent filing.
• Genpact's stock experienced a 1.0% decline and currently has a market capitalization of $7.82 billion, with a current price of $44.87.
• The company declared a quarterly dividend of $0.17 per share, representing a yield of 1.5%, set to be paid on September 25th.

PDT Partners LLC increased its position in Genpact Limited (NYSE:G - Free Report) by 43.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,365 shares of the business services provider's stock after buying an additional 9,186 shares during the quarter. PDT Partners LLC's holdings in Genpact were worth $1,530,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its stake in shares of Genpact by 59.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,355 shares of the business services provider's stock valued at $522,000 after buying an additional 3,849 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Genpact by 20.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,650 shares of the business services provider's stock valued at $486,000 after acquiring an additional 1,651 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Genpact by 88.0% in the first quarter. GAMMA Investing LLC now owns 9,744 shares of the business services provider's stock valued at $491,000 after acquiring an additional 4,561 shares during the last quarter. 111 Capital bought a new stake in Genpact in the fourth quarter valued at approximately $301,000. Finally, Assenagon Asset Management S.A. bought a new stake in Genpact in the first quarter valued at approximately $2,396,000. Institutional investors and hedge funds own 96.03% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on G shares. Robert W. Baird reduced their target price on Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Needham & Company LLC increased their price target on Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, August 8th. JPMorgan Chase & Co. cut their price target on Genpact from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Mizuho increased their price target on Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft began coverage on Genpact in a report on Thursday, July 17th. They set a "hold" rating and a $47.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Genpact currently has a consensus rating of "Hold" and a consensus price target of $52.29.

Genpact Stock Down 0.1%

NYSE G traded down $0.06 on Friday, reaching $44.91. The company had a trading volume of 1,871,683 shares, compared to its average volume of 1,751,716. The stock has a market capitalization of $7.83 billion, a P/E ratio of 14.92, a P/E/G ratio of 1.54 and a beta of 0.92. The company's fifty day moving average is $44.62 and its 200 day moving average is $46.27. Genpact Limited has a 52-week low of $37.82 and a 52-week 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.

Genpact (NYSE:G - Get Free Report) last released its quarterly earnings results 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 business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. Genpact had a return on equity of 22.15% and a net margin of 10.92%.Genpact's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $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. Sell-side analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. Genpact's dividend payout ratio 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.