Concurrent Investment Advisors LLC Reduces Holdings in Genpact Limited $G

Concurrent Investment Advisors LLC lowered its stake in shares of Genpact Limited (NYSE:G) by 36.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,217 shares of the business services provider’s stock after selling 2,992 shares during the period. Concurrent Investment Advisors LLC’s holdings in Genpact were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Johnson Investment Counsel Inc. raised its position in shares of Genpact by 1.0% during the second quarter. Johnson Investment Counsel Inc. now owns 53,827 shares of the business services provider’s stock valued at $2,369,000 after buying an additional 537 shares during the last quarter. Benson Investment Management Company Inc. bought a new stake in shares of Genpact during the second quarter valued at approximately $2,644,000. Inspire Investing LLC raised its position in shares of Genpact by 80.6% during the second quarter. Inspire Investing LLC now owns 52,011 shares of the business services provider’s stock valued at $2,289,000 after buying an additional 23,213 shares during the last quarter. IFP Advisors Inc raised its position in shares of Genpact by 35.1% during the second quarter. IFP Advisors Inc now owns 3,529 shares of the business services provider’s stock valued at $157,000 after buying an additional 917 shares during the last quarter. Finally, Blair William & Co. IL raised its position in shares of Genpact by 35.7% during the second quarter. Blair William & Co. IL now owns 7,788 shares of the business services provider’s stock valued at $343,000 after buying an additional 2,050 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports 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 objective on shares of Genpact from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, August 8th. Deutsche Bank Aktiengesellschaft began coverage on shares of Genpact in a research report on Thursday, July 17th. They set a “hold” rating and a $47.00 price objective on the stock. 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. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Genpact in a research report on Wednesday, October 8th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Genpact has a consensus rating of “Hold” and an average target price of $52.29.

Insiders Place Their Bets

In other Genpact news, SVP Piyush Mehta sold 76,902 shares of the business’s stock in a transaction on Friday, September 12th. The shares were sold at an average price of $42.58, for a total transaction of $3,274,487.16. Following the transaction, the senior vice president owned 134,880 shares in the company, valued at $5,743,190.40. The trade was a 36.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO Balkrishan Kalra sold 55,000 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were 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 of the company’s stock, valued at $12,801,866.56. This represents a 15.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.80% of the company’s stock.

Genpact Trading Up 1.1%

G stock opened at $39.86 on Tuesday. The company has a quick ratio of 1.53, a current ratio of 1.53 and a debt-to-equity ratio of 0.32. Genpact Limited has a twelve month low of $37.82 and a twelve month high of $56.76. The stock has a market capitalization of $6.95 billion, a price-to-earnings ratio of 13.24, a price-to-earnings-growth ratio of 1.35 and a beta of 0.89. The firm’s fifty day simple moving average is $42.60 and its two-hundred day simple moving average is $44.09.

Genpact (NYSE:G) last posted its quarterly earnings data 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 net margin of 10.92% and a return on equity of 22.15%. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $1.23 billion. During the same quarter in the previous year, the business posted $0.79 earnings per share. The business’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. As a group, analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, December 9th. This represents a $0.68 dividend on an annualized basis and a yield of 1.7%. Genpact’s payout ratio is 22.59%.

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.