Parallel Advisors LLC Has $211,000 Stock Holdings in Genpact Limited $G

Parallel Advisors LLC lifted its stake in Genpact Limited (NYSE:G) by 11.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,794 shares of the business services provider’s stock after acquiring an additional 482 shares during the quarter. Parallel Advisors LLC’s holdings in Genpact were worth $211,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of G. Envestnet Portfolio Solutions Inc. boosted its holdings in Genpact by 59.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 10,355 shares of the business services provider’s stock valued at $522,000 after acquiring an additional 3,849 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Genpact by 20.6% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 9,650 shares of the business services provider’s stock worth $486,000 after purchasing an additional 1,651 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Genpact by 88.0% during the first quarter. GAMMA Investing LLC now owns 9,744 shares of the business services provider’s stock worth $491,000 after buying an additional 4,561 shares in the last quarter. 111 Capital acquired a new stake in shares of Genpact during the fourth quarter worth approximately $301,000. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Genpact during the first quarter worth approximately $2,396,000. 96.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Genpact news, CEO Balkrishan Kalra sold 55,000 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $43.36, for a total value of $2,384,800.00. Following the completion of the transaction, the chief executive officer owned 295,246 shares of the company’s stock, valued at $12,801,866.56. The trade was a 15.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Piyush Mehta sold 76,902 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $42.58, for a total transaction of $3,274,487.16. Following the completion of the transaction, the senior vice president directly owned 134,880 shares of the company’s stock, valued at approximately $5,743,190.40. This represents a 36.31% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.80% of the company’s stock.

Genpact Stock Performance

Shares of G stock opened at $41.17 on Tuesday. The firm has a market cap of $7.17 billion, a price-to-earnings ratio of 13.68, a P/E/G ratio of 1.41 and a beta of 0.92. 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 firm’s 50-day simple moving average is $43.97 and its two-hundred day simple moving average is $45.37.

Genpact (NYSE:G) last posted its 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 during the quarter, compared to the consensus estimate of $1.23 billion. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The company’s revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company earned $0.79 earnings per share. 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 forecast that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Dividend Announcement

The company 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. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Thursday, September 11th. Genpact’s dividend payout ratio is 22.59%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Mizuho increased their price target on shares of Genpact from $48.00 to $51.00 and gave the company a “neutral” rating in a research note on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Genpact in a research report on Thursday, July 17th. They set a “hold” rating and a $47.00 price target on the stock. Wall Street Zen cut shares of Genpact from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Needham & Company LLC lifted their price target on shares of Genpact from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Genpact from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 20th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus 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.