Cwm LLC boosted its position in shares of Genpact Limited (NYSE:G – Free Report) by 49.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,754 shares of the business services provider’s stock after purchasing an additional 1,240 shares during the period. Cwm LLC’s holdings in Genpact were worth $165,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC grew its stake in shares of Genpact by 2.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,890 shares of the business services provider’s stock valued at $454,000 after acquiring an additional 240 shares in the last quarter. Sylvest Advisors LLC grew its stake in Genpact by 1.5% during the 2nd quarter. Sylvest Advisors LLC now owns 17,902 shares of the business services provider’s stock valued at $788,000 after purchasing an additional 258 shares in the last quarter. Louisiana State Employees Retirement System grew its position in shares of Genpact by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 45,300 shares of the business services provider’s stock worth $1,994,000 after buying an additional 300 shares in the last quarter. Petrus Trust Company LTA grew its position in shares of Genpact by 2.2% during the first quarter. Petrus Trust Company LTA now owns 14,390 shares of the business services provider’s stock worth $725,000 after buying an additional 305 shares in the last quarter. Finally, KBC Group NV grew its position in shares of Genpact by 4.7% during the first quarter. KBC Group NV now owns 7,266 shares of the business services provider’s stock worth $366,000 after buying an additional 324 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts have weighed in on G shares. Citigroup raised shares of Genpact to a “hold” rating in a report on Thursday, October 23rd. Needham & Company LLC lifted their price target on Genpact from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft assumed coverage on Genpact in a research note on Thursday, July 17th. They issued a “hold” rating and a $47.00 price target for the company. JPMorgan Chase & Co. decreased their price target on Genpact from $55.00 to $50.00 and set a “neutral” rating for the company in a research note on Wednesday, August 20th. Finally, Wall Street Zen lowered Genpact from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $51.13.
Insider Transactions at Genpact
In other news, 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 in the company, valued at approximately $5,743,190.40. The trade was a 36.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Balkrishan Kalra sold 55,000 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $43.36, for a total value of $2,384,800.00. Following the transaction, the chief executive officer owned 295,246 shares of the company’s stock, valued at approximately $12,801,866.56. This represents a 15.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 3.07% of the company’s stock.
Genpact Stock Performance
Shares of G stock opened at $37.87 on Thursday. 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 business has a 50 day moving average of $41.96 and a two-hundred day moving average of $43.73. Genpact Limited has a 52 week low of $37.77 and a 52 week high of $56.76. The company has a market cap of $6.60 billion, a P/E ratio of 12.58, a PEG ratio of 1.35 and a beta of 0.89.
Genpact (NYSE:G – Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The business services provider reported $0.88 earnings per share (EPS) 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 business had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.23 billion. During the same quarter in the previous year, the firm posted $0.79 EPS. The business’s revenue for the quarter 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 EPS for the current year.
Genpact Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $0.68 annualized dividend and a dividend yield of 1.8%. Genpact’s payout ratio is 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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