Teza Capital Management LLC Trims Stake in Genpact Limited $G

Key Points

• Teza Capital Management LLC significantly reduced its stake in Genpact Limited by over 91%, holding just 6,822 shares worth approximately $344,000.
• Genpact reported better-than-expected quarterly earnings with an EPS of $0.88, exceeding the consensus estimate of $0.85, and noted a year-over-year revenue increase of 6.6%.
• The company announced a quarterly dividend of $0.17, representing a 1.5% yield, with a payout ratio of 22.59%.

Teza Capital Management LLC lowered its position in shares of Genpact Limited (NYSE:G - Free Report) by 91.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,822 shares of the business services provider's stock after selling 72,801 shares during the period. Teza Capital Management LLC's holdings in Genpact were worth $344,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp lifted its stake in Genpact by 9.5% during the first quarter. Fifth Third Bancorp now owns 3,461 shares of the business services provider's stock worth $174,000 after purchasing an additional 299 shares during the last quarter. Petrus Trust Company LTA lifted its stake in Genpact by 2.2% during the first quarter. Petrus Trust Company LTA now owns 14,390 shares of the business services provider's stock worth $725,000 after purchasing an additional 305 shares during the last quarter. KBC Group NV lifted its stake in Genpact by 4.7% during the first quarter. KBC Group NV now owns 7,266 shares of the business services provider's stock worth $366,000 after purchasing an additional 324 shares during the last quarter. Callan Capital LLC lifted its stake in Genpact by 2.9% during the first quarter. Callan Capital LLC now owns 12,312 shares of the business services provider's stock worth $620,000 after purchasing an additional 351 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Genpact by 40.8% during the first quarter. Smartleaf Asset Management LLC now owns 1,367 shares of the business services provider's stock worth $68,000 after purchasing an additional 396 shares during the last quarter. Institutional investors own 96.03% of the company's stock.

Genpact Trading Down 1.8%

NYSE:G traded down $0.80 during mid-day trading on Friday, reaching $42.53. 1,532,464 shares of the company's stock traded hands, compared to its average volume of 1,686,304. Genpact Limited has a 12-month low of $37.82 and a 12-month high of $56.76. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 14.13, a PEG ratio of 1.46 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. The company has a 50 day moving average price of $44.45 and a 200-day moving average price of $45.82.

Genpact (NYSE:G - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) 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 company had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter in the previous year, the business earned $0.79 EPS. Genpact's 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, sell-side analysts predict that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Dividend Announcement

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 1.6%. The ex-dividend date is Thursday, September 11th. Genpact's payout ratio is currently 22.59%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Needham & Company LLC lifted their price target on Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft initiated coverage on Genpact in a report on Thursday, July 17th. They issued a "hold" rating and a $47.00 price objective on the stock. JPMorgan Chase & Co. decreased their price objective on Genpact from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Wall Street Zen downgraded Genpact from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Finally, Mizuho lifted their price objective on Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target 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.