Bell Asset Management Ltd Raises Stake in Genpact Limited $G

Bell Asset Management Ltd boosted its stake in Genpact Limited (NYSE:G) by 9.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 104,377 shares of the business services provider’s stock after purchasing an additional 9,063 shares during the quarter. Bell Asset Management Ltd owned approximately 0.06% of Genpact worth $4,594,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of G. JPMorgan Chase & Co. lifted its holdings in shares of Genpact by 20.9% in the first quarter. JPMorgan Chase & Co. now owns 4,111,340 shares of the business services provider’s stock worth $207,129,000 after buying an additional 710,704 shares in the last quarter. Geode Capital Management LLC grew its stake in Genpact by 2.5% during the second quarter. Geode Capital Management LLC now owns 3,645,967 shares of the business services provider’s stock valued at $160,480,000 after acquiring an additional 90,541 shares in the last quarter. Alliancebernstein L.P. increased its holdings in Genpact by 4.1% during the 1st quarter. Alliancebernstein L.P. now owns 3,045,542 shares of the business services provider’s stock worth $153,434,000 after acquiring an additional 118,689 shares during the period. Nordea Investment Management AB lifted its stake in Genpact by 60.2% in the 2nd quarter. Nordea Investment Management AB now owns 2,617,255 shares of the business services provider’s stock worth $114,924,000 after purchasing an additional 983,774 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Genpact by 8.8% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,501,688 shares of the business services provider’s stock worth $110,099,000 after purchasing an additional 203,015 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Genpact

In related news, SVP Sameer Dewan sold 26,531 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $44.70, for a total transaction of $1,185,935.70. Following the transaction, the senior vice president owned 62,617 shares of the company’s stock, valued at approximately $2,798,979.90. This trade represents a 29.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Piyush Mehta sold 76,902 shares of Genpact stock in a transaction 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 owned 134,880 shares in the company, valued at approximately $5,743,190.40. The trade was a 36.31% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 161,183 shares of company stock valued at $6,970,760. 3.07% of the stock is owned by insiders.

Analysts Set New Price Targets

G has been the subject of a number of recent analyst reports. Weiss Ratings restated a “hold (c)” rating on shares of Genpact in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price objective 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 boosted their target price on Genpact from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. Wall Street Zen raised Genpact from a “hold” rating to a “buy” rating in a report on Saturday, November 15th. Finally, Citigroup upgraded Genpact to a “hold” rating in a research report on Thursday, October 23rd. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Genpact currently has an average rating of “Hold” and a consensus target price of $51.13.

Genpact Stock Down 0.9%

G opened at $44.25 on Thursday. The business’s fifty day simple moving average is $41.33 and its 200 day simple moving average is $43.00. Genpact Limited has a 52 week low of $37.49 and a 52 week high of $56.76. The company has a quick ratio of 1.51, a current ratio of 1.51 and a debt-to-equity ratio of 0.33. The stock has a market cap of $7.63 billion, a PE ratio of 14.27, a P/E/G ratio of 1.43 and a beta of 0.85.

Genpact (NYSE:G) last posted its quarterly earnings data on Thursday, November 6th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.07. The firm had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. Genpact had a return on equity of 22.55% and a net margin of 11.01%.The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior 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, research analysts expect that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Dividend Announcement

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

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.