AXQ Capital LP Raises Stake in Genpact Limited $G

AXQ Capital LP grew its stake in Genpact Limited (NYSE:G) by 328.1% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 35,267 shares of the business services provider’s stock after acquiring an additional 27,029 shares during the quarter. AXQ Capital LP’s holdings in Genpact were worth $1,552,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Steph & Co. acquired a new stake in Genpact during the second quarter worth about $37,000. Huntington National Bank grew its stake in shares of Genpact by 208.2% in the 2nd quarter. Huntington National Bank now owns 906 shares of the business services provider’s stock valued at $40,000 after buying an additional 612 shares during the period. SVB Wealth LLC purchased a new stake in shares of Genpact in the 1st quarter valued at approximately $41,000. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in shares of Genpact by 104.9% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 922 shares of the business services provider’s stock worth $41,000 after buying an additional 472 shares during the last quarter. Finally, Kestra Investment Management LLC acquired a new position in Genpact in the first quarter valued at approximately $56,000. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Stock Up 1.4%

Shares of NYSE:G opened at $44.35 on Friday. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.33. Genpact Limited has a fifty-two week low of $37.49 and a fifty-two week high of $56.76. The stock has a market cap of $7.65 billion, a price-to-earnings ratio of 14.31, a price-to-earnings-growth ratio of 1.40 and a beta of 0.85. The firm’s 50 day moving average price is $41.17 and its 200 day moving average price is $43.06.

Genpact (NYSE:G) last announced its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.07. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $1.27 billion. Genpact had a net margin of 11.01% and a return on equity of 22.55%. The company’s revenue was up 6.6% on a year-over-year basis. During the same period last year, the business earned $0.85 EPS. 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 predict that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Stockholders of record on Tuesday, December 9th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, December 9th. Genpact’s dividend payout ratio (DPR) is 21.94%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on G shares. 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. Needham & Company LLC raised their price objective on Genpact from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Genpact in a research report on Wednesday, October 8th. Citigroup raised shares of Genpact to a “hold” rating in a research note on Thursday, October 23rd. Finally, Wall Street Zen raised shares of Genpact from a “hold” rating to a “buy” rating in a research note on Saturday, November 15th. Three research 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.com, the company currently has a consensus rating of “Hold” and an average price target of $51.13.

Insiders Place Their Bets

In related news, SVP Sameer Dewan sold 26,531 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $44.70, for a total transaction of $1,185,935.70. Following the completion of the sale, the senior vice president owned 62,617 shares in the company, valued at $2,798,979.90. The trade was a 29.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Tamara Franklin sold 2,750 shares of the company’s stock in a transaction that occurred on Wednesday, November 12th. The shares were sold at an average price of $45.65, for a total value of $125,537.50. Following the completion of the transaction, the director directly owned 22,236 shares of the company’s stock, valued at $1,015,073.40. This trade represents a 11.01% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 161,183 shares of company stock worth $6,970,760 over the last 90 days. Insiders own 3.07% of the company’s stock.

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.