Voya Investment Management LLC Acquires 32,260 Shares of Genpact Limited $G

Key Points

• Voya Investment Management LLC has increased its holdings in Genpact Limited by 10.0%, acquiring an additional 32,260 shares, which helped bolster its total ownership to approximately 356,124 shares worth $17,942,000.
• Several institutional investors have also raised their positions in Genpact, with noteworthy increases including a 40.8% increase by Smartleaf Asset Management LLC during the 1st quarter.
• The company recently announced a quarterly dividend of $0.17 per share, indicating an annualized dividend yield of 1.6% and a dividend payout ratio of 22.59%.

Voya Investment Management LLC increased its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 10.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356,124 shares of the business services provider's stock after purchasing an additional 32,260 shares during the period. Voya Investment Management LLC owned approximately 0.20% of Genpact worth $17,942,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Fifth Third Bancorp increased its position in shares of Genpact by 9.5% during the 1st 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 increased its position in shares of Genpact by 2.2% during the 1st 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 increased its position in shares of Genpact by 4.7% during the 1st 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 increased its holdings in shares of Genpact by 2.9% during the 1st quarter. Callan Capital LLC now owns 12,312 shares of the business services provider's stock worth $620,000 after acquiring an additional 351 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Genpact by 40.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,367 shares of the business services provider's stock worth $68,000 after acquiring an additional 396 shares during the last quarter. Institutional investors own 96.03% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Mizuho boosted their target price on Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Needham & Company LLC boosted their target price on Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Genpact in a report on Thursday, July 17th. They set a "hold" rating and a $47.00 target price on the stock. JPMorgan Chase & Co. decreased their target price on Genpact from $55.00 to $50.00 and set a "neutral" rating on the stock in a report on Wednesday, August 20th. Finally, Wall Street Zen lowered Genpact from a "buy" rating to a "hold" rating in a report on Friday, September 5th. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $52.29.

Insider Buying and Selling

In related news, CEO Balkrishan Kalra sold 55,000 shares of Genpact stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $43.36, for a total transaction of $2,384,800.00. Following the sale, the chief executive officer directly owned 295,246 shares in the company, valued at approximately $12,801,866.56. This trade represents a 15.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Piyush Mehta sold 76,902 shares of Genpact stock in a transaction on Friday, September 12th. The stock was sold at an average price of $42.58, for a total value of $3,274,487.16. Following the sale, the senior vice president owned 134,880 shares in the company, valued at $5,743,190.40. This trade represents a 36.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Genpact Trading Down 1.0%

Shares of Genpact stock opened at $42.11 on Tuesday. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.53 and a current ratio of 1.53. Genpact Limited has a 52 week low of $37.82 and a 52 week high of $56.76. The stock has a 50 day moving average price of $44.37 and a two-hundred day moving average price of $45.74. The stock has a market capitalization of $7.34 billion, a PE ratio of 13.99, a price-to-earnings-growth ratio of 1.46 and a beta of 0.92.

Genpact (NYSE:G - Get Free Report) last posted its 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 company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter last year, the company earned $0.79 earnings per share. The company's revenue for the quarter 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. As a group, equities analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Thursday, September 11th. Genpact's dividend payout ratio (DPR) is currently 22.59%.

Genpact Company 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.

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