Truist Financial Corp lifted its stake in Genpact Limited (NYSE:G - Free Report) by 162.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 921,160 shares of the business services provider's stock after buying an additional 570,760 shares during the period. Truist Financial Corp owned approximately 0.51% of Genpact worth $31,973,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC bought a new position in Genpact in the 4th quarter valued at about $43,000. Covestor Ltd raised its position in Genpact by 140.2% during the third quarter. Covestor Ltd now owns 1,549 shares of the business services provider's stock valued at $56,000 after purchasing an additional 904 shares in the last quarter. Buck Wealth Strategies LLC lifted its stake in Genpact by 438.3% during the third quarter. Buck Wealth Strategies LLC now owns 1,825 shares of the business services provider's stock worth $66,000 after purchasing an additional 1,486 shares during the last quarter. Lindbrook Capital LLC boosted its holdings in shares of Genpact by 32.0% in the 3rd quarter. Lindbrook Capital LLC now owns 2,604 shares of the business services provider's stock valued at $94,000 after purchasing an additional 632 shares in the last quarter. Finally, Flynn Zito Capital Management LLC acquired a new stake in shares of Genpact in the 4th quarter valued at $206,000. Institutional investors and hedge funds own 96.03% of the company's stock.
Genpact Stock Performance
NYSE G traded up $0.16 on Monday, hitting $31.06. 1,116,861 shares of the stock traded hands, compared to its average volume of 1,527,025. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.44 and a current ratio of 1.44. The business's fifty day moving average is $32.97 and its two-hundred day moving average is $34.05. Genpact Limited has a 12 month low of $29.41 and a 12 month high of $44.63. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 9.06, a PEG ratio of 1.45 and a beta of 1.07.
Genpact (NYSE:G - Get Free Report) last released its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.68 EPS for the quarter, beating the consensus estimate of $0.65 by $0.03. The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.12 billion. Genpact had a net margin of 14.10% and a return on equity of 23.19%. As a group, equities analysts anticipate that Genpact Limited will post 2.7 EPS for the current fiscal year.
Genpact Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Shareholders of record on Monday, March 11th were issued a dividend of $0.153 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date was Friday, March 8th. This is a positive change from Genpact's previous quarterly dividend of $0.14. Genpact's payout ratio is presently 17.78%.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price target on shares of Genpact in a report on Friday, February 9th. JPMorgan Chase & Co. increased their price target on Genpact from $42.00 to $43.00 and gave the company an "underweight" rating in a research note on Friday, February 9th. StockNews.com downgraded Genpact from a "strong-buy" rating to a "buy" rating in a report on Friday, April 5th. Mizuho started coverage on Genpact in a report on Tuesday, January 30th. They issued a "neutral" rating and a $40.00 target price for the company. Finally, Citigroup dropped their target price on Genpact from $36.00 to $33.00 and set a "neutral" rating for the company in a research report on Monday, April 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Genpact presently has a consensus rating of "Hold" and a consensus price target of $39.78.
Check Out Our Latest Report on Genpact
Genpact Company Profile
(
Free Report)
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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