Rice Partnership LLC Acquires 11,707 Shares of Gen Digital Inc. $GEN

Key Points

• Rice Partnership LLC increased its stake in Gen Digital Inc. by 9.9% during Q2, owning a total of 129,434 shares valued at approximately $3.8 million.
• Gen Digital reported a quarterly earnings per share (EPS) of $0.64, exceeding analysts' expectations of $0.60, with revenue showing a 30.3% year-over-year increase.
• The company declared a quarterly dividend of $0.125 per share, with an annual yield of 1.8% and a payout ratio of 51.55%.

Rice Partnership LLC increased its stake in shares of Gen Digital Inc. (NASDAQ:GEN - Free Report) by 9.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,434 shares of the company's stock after acquiring an additional 11,707 shares during the quarter. Rice Partnership LLC's holdings in Gen Digital were worth $3,805,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Catalyst Capital Advisors LLC increased its holdings in shares of Gen Digital by 117.6% during the 1st quarter. Catalyst Capital Advisors LLC now owns 1,580 shares of the company's stock worth $42,000 after purchasing an additional 854 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Gen Digital by 221.5% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,717 shares of the company's stock worth $46,000 after purchasing an additional 1,183 shares during the period. Tsfg LLC bought a new position in shares of Gen Digital during the 1st quarter worth about $52,000. Rise Advisors LLC increased its holdings in shares of Gen Digital by 19.2% during the 1st quarter. Rise Advisors LLC now owns 2,361 shares of the company's stock worth $63,000 after purchasing an additional 381 shares during the period. Finally, Capital Analysts LLC acquired a new position in shares of Gen Digital in the first quarter valued at $85,000. 81.38% of the stock is owned by institutional investors.

Gen Digital Price Performance

Shares of GEN stock opened at $27.24 on Thursday. The stock's fifty day moving average is $29.57 and its 200-day moving average is $28.48. The company has a debt-to-equity ratio of 3.63, a quick ratio of 0.50 and a current ratio of 0.50. The stock has a market capitalization of $16.78 billion, a PE ratio of 28.08, a PEG ratio of 0.92 and a beta of 0.94. Gen Digital Inc. has a 52 week low of $22.74 and a 52 week high of $32.22.

Gen Digital (NASDAQ:GEN - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.64 EPS for the quarter, topping analysts' consensus estimates of $0.60 by $0.04. Gen Digital had a net margin of 14.12% and a return on equity of 57.99%. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.19 billion. During the same quarter in the prior year, the firm earned $0.53 EPS. The company's revenue was up 30.3% on a year-over-year basis. Gen Digital has set its Q2 2026 guidance at 0.600-0.620 EPS. FY 2026 guidance at 2.490-2.560 EPS. Equities research analysts expect that Gen Digital Inc. will post 2.05 EPS for the current fiscal year.

Gen Digital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Monday, August 18th were issued a dividend of $0.125 per share. The ex-dividend date of this dividend was Monday, August 18th. This represents a $0.50 dividend on an annualized basis and a yield of 1.8%. Gen Digital's dividend payout ratio is currently 51.55%.

Analyst Ratings Changes

A number of research analysts recently commented on GEN shares. Wall Street Zen lowered Gen Digital from a "buy" rating to a "hold" rating in a research note on Saturday, October 4th. B. Riley started coverage on Gen Digital in a research note on Monday, July 14th. They issued a "buy" rating and a $46.00 target price for the company. Weiss Ratings restated a "hold (c+)" rating on shares of Gen Digital in a research note on Wednesday. Morgan Stanley upped their target price on Gen Digital from $25.00 to $32.00 and gave the company an "equal weight" rating in a research note on Tuesday, September 2nd. Finally, Barclays upped their target price on Gen Digital from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $35.71.

About Gen Digital

Gen Digital Inc engages in the provision of cyber safety solutions for consumers in the United States, Canada, Latin America, Europe, the Middle East, Africa, the Asia Pacific, and Japan. The company offers security and performance products under Norton, Avast, Avira, AVG, and CCleaner brands that provide real-time protection and maintenance for PCs, Macs, and mobile devices against malware, viruses, adware, and other online threats.

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