Assetmark Inc. Grows Stock Holdings in Genpact Limited $G

Assetmark Inc. boosted its stake in Genpact Limited (NYSE:G) by 41.5% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,872 shares of the business services provider’s stock after acquiring an additional 2,897 shares during the period. Assetmark Inc.’s holdings in Genpact were worth $434,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its holdings in shares of Genpact by 124.2% in the first quarter. Envestnet Asset Management Inc. now owns 412,343 shares of the business services provider’s stock valued at $20,774,000 after purchasing an additional 228,391 shares during the period. Cornerstone Planning Group LLC purchased a new position in Genpact in the 1st quarter valued at $27,000. Xponance Inc. grew its position in Genpact by 3.7% in the 1st quarter. Xponance Inc. now owns 20,295 shares of the business services provider’s stock valued at $1,022,000 after buying an additional 729 shares during the last quarter. Stephens Inc. AR increased its stake in Genpact by 5.2% in the 1st quarter. Stephens Inc. AR now owns 64,826 shares of the business services provider’s stock valued at $3,266,000 after buying an additional 3,183 shares during the period. Finally, CWM LLC raised its position in Genpact by 85.5% during the 1st quarter. CWM LLC now owns 2,514 shares of the business services provider’s stock worth $127,000 after buying an additional 1,159 shares during the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Genpact

In related 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 sale, the chief executive officer directly owned 295,246 shares in the company, valued at $12,801,866.56. The trade was a 15.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Piyush Mehta sold 76,902 shares of the stock in a transaction that occurred 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 sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.07% of the stock is currently owned by corporate insiders.

Genpact Price Performance

NYSE G opened at $44.55 on Friday. Genpact Limited has a 12 month low of $37.49 and a 12 month high of $56.76. The firm has a market capitalization of $7.76 billion, a PE ratio of 14.37, a P/E/G ratio of 1.32 and a beta of 0.85. The company’s 50 day simple moving average is $41.13 and its 200 day simple moving average is $43.35. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.53 and a quick ratio of 1.53.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.90 by $0.07. Genpact had a return on equity of 22.71% and a net margin of 11.01%.The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $1.27 billion. During the same period last year, the company posted $0.85 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. Genpact has set its FY 2025 guidance at 3.600-3.610 EPS. Q4 2025 guidance at 0.930-0.940 EPS. As a group, equities research analysts forecast that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be given a $0.17 dividend. The ex-dividend date is Tuesday, December 9th. This represents a $0.68 annualized dividend and a yield of 1.5%. Genpact’s payout ratio is 22.59%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on G. Needham & Company LLC lifted their target price on shares of Genpact from $50.00 to $53.00 and gave the company a “buy” rating in a report on Friday, August 8th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Genpact in a research report on Thursday, July 17th. They issued a “hold” rating and a $47.00 price objective for the company. Wall Street Zen lowered Genpact from a “buy” rating to a “hold” rating in a report on Friday, September 5th. JPMorgan Chase & Co. cut their target price 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, Weiss Ratings reissued a “hold (c)” rating on shares of Genpact in a report on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Genpact has a consensus rating of “Hold” and an average target price of $51.13.

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.