Raymond James Financial Inc. Has $20.78 Million Stock Holdings in Genpact Limited $G

Raymond James Financial Inc. grew its holdings in Genpact Limited (NYSE:G) by 219.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 412,499 shares of the business services provider’s stock after buying an additional 283,238 shares during the quarter. Raymond James Financial Inc. owned 0.23% of Genpact worth $20,782,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently made changes to their positions in G. Cornerstone Planning Group LLC acquired a new position in shares of Genpact in the 1st quarter valued at $27,000. Richardson Financial Services Inc. bought a new stake in shares of Genpact in the 1st quarter worth about $35,000. Global X Japan Co. Ltd. bought a new stake in shares of Genpact in the 1st quarter worth about $57,000. Quarry LP grew its holdings in shares of Genpact by 1,528.6% in the 4th quarter. Quarry LP now owns 1,710 shares of the business services provider’s stock worth $73,000 after purchasing an additional 1,605 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in shares of Genpact by 66.2% in the 1st quarter. UMB Bank n.a. now owns 2,011 shares of the business services provider’s stock worth $101,000 after purchasing an additional 801 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on G shares. JPMorgan Chase & Co. lowered their target price on shares of 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 raised shares of Genpact from a “buy” rating to a “strong-buy” rating in a report on Friday, June 6th. Robert W. Baird lowered their target price on shares of Genpact from $56.00 to $50.00 and set a “neutral” rating on the stock in a report on Thursday, May 8th. Needham & Company LLC upped their target price on shares of Genpact from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Genpact in a report on Thursday, July 17th. They issued a “hold” rating and a $47.00 target price on the stock. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $52.29.

Genpact Stock Down 0.8%

Shares of NYSE:G opened at $45.11 on Wednesday. Genpact Limited has a 12 month low of $37.82 and a 12 month high of $56.76. The company’s 50-day moving average price is $44.13 and its two-hundred day moving average price is $46.75. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.32. The firm has a market cap of $7.86 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.56 and a beta of 0.92.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.03. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the prior year, the firm earned $0.79 EPS. The company’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. As a group, research analysts forecast that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, September 11th. Genpact’s dividend payout ratio (DPR) is 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.