Bank of New York Mellon Corp Lowers Stock Holdings in Genpact Limited $G

Bank of New York Mellon Corp reduced its holdings in Genpact Limited (NYSE:G) by 4.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,113,206 shares of the business services provider’s stock after selling 50,827 shares during the period. Bank of New York Mellon Corp owned about 0.66% of Genpact worth $41,467,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in G. Osbon Capital Management LLC acquired a new position in Genpact during the fourth quarter worth $25,000. V Square Quantitative Management LLC purchased a new position in Genpact during the fourth quarter valued at $30,000. iSAM Funds UK Ltd acquired a new stake in shares of Genpact in the third quarter valued at about $29,000. Johnson Financial Group Inc. acquired a new stake in shares of Genpact in the third quarter valued at about $29,000. Finally, Larson Financial Group LLC increased its stake in shares of Genpact by 428.4% during the fourth quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock worth $33,000 after purchasing an additional 574 shares in the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Genpact Price Performance

G stock opened at $31.28 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.69 and a quick ratio of 1.69. The business has a 50 day simple moving average of $30.59 and a 200-day simple moving average of $36.05. The firm has a market capitalization of $5.30 billion, a PE ratio of 9.60, a price-to-earnings-growth ratio of 0.88 and a beta of 0.61. Genpact Limited has a 1 year low of $26.85 and a 1 year high of $48.64.

Genpact (NYSE:G) last posted its quarterly earnings results on Tuesday, March 31st. The business services provider reported $0.98 EPS for the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%.The firm had revenue of $1.30 billion during the quarter. Equities research analysts anticipate that Genpact Limited will post 3.64 earnings per share for the current fiscal year.

Genpact Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a $0.1875 dividend. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.4%. Genpact’s dividend payout ratio (DPR) is 23.01%.

Analysts Set New Price Targets

Several research firms recently weighed in on G. Mizuho reduced their price target on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Weiss Ratings lowered Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. TD Cowen reduced their target price on Genpact from $47.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Robert W. Baird decreased their target price on Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 7th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of Genpact in a research note on Friday, May 8th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Genpact currently has an average rating of “Hold” and a consensus target price of $40.25.

About Genpact

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.