Raymond James Financial Inc. Boosts Stock Position in Genpact Limited $G

Key Points

• Raymond James Financial Inc. significantly increased its holdings in Genpact Limited by 219.1% during the first quarter, now owning stock worth approximately $20.78 million.
• Genpact recently announced a quarterly dividend of $0.17 payable on September 25, representing a 1.5% dividend yield.
• Genpact's stock is currently rated as a "Hold" by analysts with an average price target of $52.29, but ratings vary with three analysts giving a "Buy" rating.

Raymond James Financial Inc. boosted its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 219.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 412,499 shares of the business services provider's stock after purchasing an additional 283,238 shares during the quarter. Raymond James Financial Inc. owned about 0.23% of Genpact worth $20,782,000 at the end of the most recent quarter.

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

Genpact Stock Up 0.8%

Shares of NYSE G traded up $0.36 during mid-day trading on Monday, reaching $45.33. 1,706,147 shares of the company were exchanged, compared to its average volume of 2,032,093. Genpact Limited has a 1 year low of $37.82 and a 1 year high of $56.76. The firm has a 50-day moving average of $44.42 and a 200 day moving average of $46.43. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 15.06, a P/E/G ratio of 1.56 and a beta of 0.92. 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 earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.03. Genpact had a return on equity of 22.15% and a net margin of 10.92%.The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the firm earned $0.79 earnings per share. The firm's quarterly revenue was up 6.6% compared to the same quarter last year. 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 expect that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Shareholders of record on Thursday, September 11th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, September 11th. Genpact's payout ratio is 22.59%.

Wall Street Analysts Forecast Growth

G has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on Genpact in a research note on Thursday, July 17th. They issued a "hold" rating and a $47.00 price objective on the stock. Mizuho lifted their price objective on Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. JPMorgan Chase & Co. reduced their price objective on Genpact from $55.00 to $50.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 20th. Robert W. Baird reduced their price objective on Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a research note on Thursday, May 8th. Finally, Wall Street Zen raised Genpact from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, Genpact currently has an average rating of "Hold" and a consensus price target of $52.29.

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.