QRG Capital Management Inc. Increases Stock Position in Genpact Limited $G

Key Points

• QRG Capital Management Inc. increased its stake in Genpact Limited by 7.1% during the second quarter, owning approximately 103,286 shares worth $4.5 million as of its last SEC filing.
• Genpact announced a quarterly dividend of $0.17 per share, which represents an annualized yield of 1.7% with a payout ratio of 22.59%.
• The company's stock recently reported a 0.2% decline and has a market capitalization of $7.16 billion, with a current PE ratio of 13.66.

QRG Capital Management Inc. lifted its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 7.1% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,286 shares of the business services provider's stock after purchasing an additional 6,844 shares during the period. QRG Capital Management Inc. owned about 0.06% of Genpact worth $4,546,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of G. Cornerstone Planning Group LLC purchased a new position in Genpact during the first quarter worth $27,000. Richardson Financial Services Inc. purchased a new stake in Genpact during the 1st quarter worth about $35,000. SVB Wealth LLC acquired a new position in Genpact in the 1st quarter valued at about $41,000. Steph & Co. purchased a new position in Genpact in the 2nd quarter valued at about $37,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Genpact during the 1st quarter worth about $56,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Genpact Stock Down 0.2%

Shares of NYSE G opened at $41.11 on Tuesday. The stock has a market capitalization of $7.16 billion, a PE ratio of 13.66, a P/E/G ratio of 1.41 and a beta of 0.89. 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 firm has a fifty day moving average of $43.27 and a 200-day moving average of $44.80. Genpact Limited has a 52-week low of $37.82 and a 52-week high of $56.76.

Genpact (NYSE:G - Get Free Report) last issued its earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.03. The firm had revenue of $1.25 billion for 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 firm's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter last year, the firm 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, analysts anticipate that Genpact Limited will post 3.21 EPS for the current year.

Genpact Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 25th. Investors of record on Thursday, September 11th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Thursday, September 11th. Genpact's dividend payout ratio is 22.59%.

Insider Buying and Selling

In other news, CEO Balkrishan Kalra sold 55,000 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $43.36, for a total value of $2,384,800.00. Following the completion of the sale, the chief executive officer owned 295,246 shares of the company's stock, valued at $12,801,866.56. This represents a 15.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Piyush Mehta sold 76,902 shares of the firm's stock in a transaction on Friday, September 12th. The shares were sold at an average price of $42.58, for a total transaction of $3,274,487.16. Following the completion of the transaction, the senior vice president directly owned 134,880 shares in the company, valued at approximately $5,743,190.40. This represents a 36.31% decrease in their position. The disclosure for this sale can be found here. 3.07% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on G shares. Wall Street Zen downgraded shares of Genpact from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Genpact in a research note on Saturday, September 27th. JPMorgan Chase & Co. reduced their price target on Genpact from $55.00 to $50.00 and set a "neutral" rating on the stock in a research note 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. Finally, Mizuho upped their target price on Genpact from $48.00 to $51.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Genpact presently has an average rating of "Hold" and a consensus 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.

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