State of New Jersey Common Pension Fund D Has $2.81 Million Position in 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 increased its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 18.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,791 shares of the business services provider's stock after purchasing an additional 8,523 shares during the period. State of New Jersey Common Pension Fund D's holdings in Genpact were worth $2,811,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of G. Horizon Investments LLC raised its position in Genpact by 101,278.9% in the 1st quarter. Horizon Investments LLC now owns 38,524 shares of the business services provider's stock valued at $1,941,000 after buying an additional 38,486 shares during the last quarter. Fox Run Management L.L.C. raised its position in Genpact by 119.5% in the 1st quarter. Fox Run Management L.L.C. now owns 34,182 shares of the business services provider's stock valued at $1,722,000 after buying an additional 18,609 shares during the last quarter. Cookson Peirce & Co. Inc. acquired a new stake in Genpact in the 1st quarter valued at approximately $10,556,000. OneAscent Investment Solutions LLC acquired a new stake in Genpact in the 1st quarter valued at approximately $378,000. Finally, Russell Investments Group Ltd. raised its position in Genpact by 9.5% in the 1st quarter. Russell Investments Group Ltd. now owns 319,321 shares of the business services provider's stock valued at $16,087,000 after buying an additional 27,590 shares during the last quarter. Institutional investors own 96.03% of the company's stock.

Genpact Stock Down 0.8%

Shares of NYSE:G traded down $0.35 during trading on Tuesday, hitting $45.11. 1,169,019 shares of the company were exchanged, compared to its average volume of 2,065,704. The stock has a market cap of $7.86 billion, a price-to-earnings ratio of 14.99, a P/E/G ratio of 1.56 and a beta of 0.92. Genpact Limited has a fifty-two week low of $37.82 and a fifty-two week high of $56.76. The firm has a fifty day moving average price of $44.13 and a two-hundred day moving average price of $46.75. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.32.

Genpact (NYSE:G - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.03. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Genpact had a return on equity of 22.15% and a net margin of 10.92%.The business's quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.79 EPS. Genpact has set its FY 2025 guidance at 3.510-3.580 EPS. Q3 2025 guidance at 0.890-0.900 EPS. As a group, research analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.5%. Genpact's payout ratio is presently 22.59%.

Wall Street Analyst Weigh In

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

Genpact 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.