Aviva PLC Buys Shares of 12,469 Genpact Limited $G

Aviva PLC purchased a new position in shares of Genpact Limited (NYSE:G) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 12,469 shares of the business services provider’s stock, valued at approximately $549,000.

A number of other hedge funds have also recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in Genpact by 20.9% during the first quarter. JPMorgan Chase & Co. now owns 4,111,340 shares of the business services provider’s stock valued at $207,129,000 after purchasing an additional 710,704 shares in the last quarter. Alliancebernstein L.P. increased its position in Genpact by 4.1% in the first quarter. Alliancebernstein L.P. now owns 3,045,542 shares of the business services provider’s stock worth $153,434,000 after buying an additional 118,689 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of Genpact by 60.2% in the second quarter. Nordea Investment Management AB now owns 2,617,255 shares of the business services provider’s stock worth $114,924,000 after buying an additional 983,774 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Genpact by 8.8% during the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,501,688 shares of the business services provider’s stock valued at $110,099,000 after buying an additional 203,015 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Genpact by 109.8% during the 1st quarter. Ameriprise Financial Inc. now owns 1,615,220 shares of the business services provider’s stock valued at $81,375,000 after buying an additional 845,393 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Genpact Price Performance

Genpact stock opened at $45.03 on Friday. The firm has a market capitalization of $7.76 billion, a PE ratio of 14.52, a price-to-earnings-growth ratio of 1.45 and a beta of 0.85. The firm has a 50-day moving average price of $41.12 and a 200-day moving average price of $43.28. Genpact Limited has a 12-month low of $37.49 and a 12-month high of $56.76. The company has a current ratio of 1.51, a quick ratio of 1.53 and a debt-to-equity ratio of 0.33.

Genpact (NYSE:G) last issued its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.07. Genpact had a return on equity of 22.55% and a net margin of 11.01%.The firm had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.27 billion. During the same period in the prior year, the business posted $0.85 earnings per share. The company’s revenue for the quarter 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 year.

Genpact Dividend Announcement

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 issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.5%. The ex-dividend date is Tuesday, December 9th. Genpact’s dividend payout ratio (DPR) is presently 21.94%.

Insider Transactions at Genpact

In related news, SVP Sameer Dewan sold 26,531 shares of the company’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $44.70, for a total value of $1,185,935.70. Following the completion of the sale, the senior vice president directly owned 62,617 shares of the company’s stock, valued at $2,798,979.90. This represents a 29.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Piyush Mehta sold 76,902 shares of the company’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 sale, the senior vice president directly owned 134,880 shares of the company’s stock, valued at $5,743,190.40. The trade was a 36.31% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 161,183 shares of company stock valued at $6,970,760. Insiders own 3.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on G shares. Citigroup raised shares of Genpact to a “hold” rating in a report on Thursday, October 23rd. 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 research note on Friday, August 8th. JPMorgan Chase & Co. cut 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. Weiss Ratings restated a “hold (c)” rating on shares of Genpact in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Genpact in a research note on Thursday, July 17th. They issued a “hold” rating and a $47.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Genpact currently has a consensus rating of “Hold” and a consensus price target 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.