Horizon Investments LLC Grows Position in Genpact Limited $G

Horizon Investments LLC increased its position in Genpact Limited (NYSE:G) by 34.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 66,722 shares of the business services provider’s stock after purchasing an additional 17,177 shares during the quarter. Horizon Investments LLC’s holdings in Genpact were worth $3,121,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted its stake in Genpact by 8.7% during the third quarter. Dimensional Fund Advisors LP now owns 3,978,210 shares of the business services provider’s stock worth $166,651,000 after acquiring an additional 319,861 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Genpact by 17.1% during the third quarter. JPMorgan Chase & Co. now owns 3,762,407 shares of the business services provider’s stock worth $157,609,000 after acquiring an additional 549,117 shares in the last quarter. AQR Capital Management LLC boosted its stake in Genpact by 170.4% during the third quarter. AQR Capital Management LLC now owns 3,443,472 shares of the business services provider’s stock worth $144,247,000 after acquiring an additional 2,170,145 shares in the last quarter. Tandem Investment Advisors Inc. boosted its stake in Genpact by 13.6% during the third quarter. Tandem Investment Advisors Inc. now owns 2,936,194 shares of the business services provider’s stock worth $122,997,000 after acquiring an additional 351,871 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in Genpact by 0.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,594,152 shares of the business services provider’s stock worth $121,354,000 after acquiring an additional 9,546 shares in the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Stock Down 0.6%

Shares of Genpact stock opened at $34.12 on Tuesday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.66 and a current ratio of 1.66. The company has a 50-day simple moving average of $37.51 and a two-hundred day simple moving average of $41.46. Genpact Limited has a 52-week low of $33.14 and a 52-week high of $50.24. The stock has a market capitalization of $5.79 billion, a PE ratio of 10.90, a price-to-earnings-growth ratio of 1.01 and a beta of 0.61.

Genpact (NYSE:G) last released its quarterly earnings data on Friday, February 6th. The business services provider reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.04. Genpact had a net margin of 10.88% and a return on equity of 22.02%. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.31 billion. During the same period in the previous year, the company earned $0.91 earnings per share. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. On average, analysts anticipate that Genpact Limited will post 3.6 EPS for the current fiscal year.

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Wednesday, June 10th. Genpact’s payout ratio is presently 23.96%.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 2,800 shares of the business’s stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $40.77, for a total transaction of $114,156.00. Following the completion of the transaction, the chief executive officer directly owned 525,007 shares of the company’s stock, valued at $21,404,535.39. The trade was a 0.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.58% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Citigroup raised shares of Genpact from a “hold” rating to a “strong-buy” rating in a research note on Friday, February 13th. Wall Street Zen lowered shares of Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Susquehanna set a $42.00 price objective on shares of Genpact in a research note on Friday, February 6th. Needham & Company LLC dropped their price objective on shares of Genpact from $53.00 to $50.00 and set a “buy” rating on the stock in a research note on Friday, February 6th. Finally, Mizuho dropped their price objective on shares of Genpact from $51.00 to $49.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Genpact presently has an average rating of “Hold” and an average target price of $47.29.

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.