State of New Jersey Common Pension Fund D Purchases 8,523 Shares of Genpact Limited $G

Key Points

• The State of New Jersey Common Pension Fund D increased its holdings in Genpact Limited by 18.0% during the first quarter, now owning 55,791 shares valued at approximately $2,811,000.
• Analysts have mixed opinions on Genpact, with Needham & Company raising their price target from $50.00 to $53.00, while others like JPMorgan cut their target from $55.00 to $50.00.
• Genpact reported quarterly earnings of $0.88 per share, exceeding expectations, and announced a quarterly dividend of $0.17 per share to be paid on September 25th.

State of New Jersey Common Pension Fund D grew its position in Genpact Limited (NYSE:G - Free Report) by 18.0% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,791 shares of the business services provider's stock after acquiring an additional 8,523 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in Genpact were worth $2,811,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of G. Wells Fargo & Company MN lifted its position in shares of Genpact by 35.4% in the 4th quarter. Wells Fargo & Company MN now owns 16,838 shares of the business services provider's stock worth $723,000 after acquiring an additional 4,403 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Genpact in the 4th quarter worth approximately $5,552,000. Barclays PLC lifted its position in shares of Genpact by 202.9% in the 4th quarter. Barclays PLC now owns 149,923 shares of the business services provider's stock worth $6,438,000 after acquiring an additional 100,419 shares during the period. Canada Pension Plan Investment Board lifted its position in shares of Genpact by 33.9% in the 4th quarter. Canada Pension Plan Investment Board now owns 103,100 shares of the business services provider's stock worth $4,428,000 after acquiring an additional 26,100 shares during the period. Finally, GeoWealth Management LLC lifted its position in shares of Genpact by 199.0% in the 4th quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock worth $38,000 after acquiring an additional 583 shares during the period. Institutional investors own 96.03% of the company's stock.

Analyst Ratings Changes

A number of analysts have commented on G shares. Needham & Company LLC raised their price objective on Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft started coverage on Genpact in a research report on Thursday, July 17th. They set a "hold" rating and a $47.00 target price for the company. Robert W. Baird cut their target price on Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. JPMorgan Chase & Co. cut their target price on Genpact from $55.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday. Finally, Wall Street Zen upgraded Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Genpact currently has an average rating of "Hold" and a consensus target price of $52.29.

Genpact Trading Down 1.7%

G stock opened at $44.0350 on Thursday. The business has a fifty day moving average price of $43.99 and a 200 day moving average price of $46.92. Genpact Limited has a fifty-two week low of $37.82 and a fifty-two week high of $56.76. The stock has a market capitalization of $7.67 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 1.54 and a beta of 0.92. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.53 and a quick ratio of 1.53.

Genpact (NYSE:G - Get Free Report) last released its quarterly 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. Genpact had a return on equity of 22.15% and a net margin of 10.92%.The firm had revenue of $1.25 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period last year, the firm posted $0.79 EPS. The business's revenue was up 6.6% on a year-over-year basis. Genpact has set its FY 2025 guidance at 3.510-3.580 EPS. Q3 2025 guidance at 0.890-0.900 EPS. Analysts expect that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be issued a dividend of $0.17 per share. 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 (DPR) is currently 22.59%.

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.

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