Royal Bank of Canada Sells 86,932 Shares of Genpact Limited $G

Key Points

• Royal Bank of Canada cut its Genpact stake by 50.1%, selling 86,932 shares and retaining 86,500 shares worth approximately $3.22 million. Institutional investors collectively own 96.03% of Genpact.
• Analyst sentiment remains cautious: two analysts rate Genpact a Buy and seven rate it Hold, producing a consensus rating of Hold and an average price target of $39.33.
• Genpact reported quarterly EPS of $1.00 on $1.34 billion in revenue and declared a quarterly dividend of $0.1875, equivalent to a $0.75 annualized payout and a 2.2% yield.

Royal Bank of Canada lowered its stake in Genpact Limited (NYSE:G - Free Report) by 50.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 86,500 shares of the business services provider's stock after selling 86,932 shares during the quarter. Royal Bank of Canada owned about 0.05% of Genpact worth $3,222,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of G. Osbon Capital Management LLC purchased a new stake in Genpact during the fourth quarter valued at $25,000. Johnson Financial Group Inc. bought a new stake in Genpact in the third quarter worth $29,000. iSAM Funds UK Ltd purchased a new position in Genpact during the third quarter worth $29,000. Larson Financial Group LLC increased its position in Genpact by 428.4% during the fourth quarter. Larson Financial Group LLC now owns 708 shares of the business services provider's stock valued at $33,000 after acquiring an additional 574 shares during the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Genpact in the fourth quarter valued at $33,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

G has been the subject of a number of recent analyst reports. Needham & Company LLC dropped their price target on shares of Genpact from $50.00 to $45.00 and set a "buy" rating for the company in a research note on Friday, August 7th. Susquehanna increased their price objective on shares of Genpact from $33.00 to $37.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of Genpact in a research note on Friday, July 10th. Robert W. Baird dropped their target price on Genpact from $45.00 to $38.00 and set a "neutral" rating for the company in a research report on Tuesday, July 7th. Finally, Mizuho dropped their target price on Genpact from $49.00 to $39.00 and set a "neutral" rating for the company in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $39.33.

Genpact Stock Performance

G stock opened at $33.81 on Friday. Genpact Limited has a twelve month low of $26.85 and a twelve month high of $48.64. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 0.90 and a beta of 0.57. The business's fifty day simple moving average is $31.33 and its two-hundred day simple moving average is $34.81. The company has a quick ratio of 1.69, a current ratio of 2.00 and a debt-to-equity ratio of 0.44.

Genpact (NYSE:G - Get Free Report) last issued its earnings results on Tuesday, June 30th. The business services provider reported $1.00 earnings per share (EPS) for the quarter. The firm had revenue of $1.34 billion during the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. Analysts predict that Genpact Limited will post 3.67 earnings per share for the current year.

Genpact Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be given a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, September 10th. Genpact's payout ratio is 22.26%.

Genpact Company Profile

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.

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