UBS Group AG Boosts Stock Holdings in Genpact Limited $G

UBS Group AG grew its stake in shares of Genpact Limited (NYSE:G) by 1.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,025,499 shares of the business services provider’s stock after buying an additional 18,141 shares during the quarter. UBS Group AG’s holdings in Genpact were worth $47,973,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. AQR Capital Management LLC boosted its holdings in Genpact by 170.4% during the 3rd quarter. AQR Capital Management LLC now owns 3,443,472 shares of the business services provider’s stock valued at $144,247,000 after acquiring an additional 2,170,145 shares during the period. Clark Capital Management Group Inc. increased its stake in Genpact by 157.9% in the 3rd quarter. Clark Capital Management Group Inc. now owns 1,864,198 shares of the business services provider’s stock worth $78,091,000 after purchasing an additional 1,141,480 shares during the period. Allianz Asset Management GmbH lifted its position in Genpact by 153.6% in the third quarter. Allianz Asset Management GmbH now owns 1,597,446 shares of the business services provider’s stock valued at $66,917,000 after purchasing an additional 967,559 shares during the last quarter. Invesco Ltd. lifted its position in Genpact by 52.9% in the third quarter. Invesco Ltd. now owns 2,145,762 shares of the business services provider’s stock valued at $89,886,000 after purchasing an additional 742,470 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its stake in shares of Genpact by 34.1% during the second quarter. Ameriprise Financial Inc. now owns 2,166,489 shares of the business services provider’s stock valued at $95,347,000 after purchasing an additional 551,269 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Price Performance

G opened at $33.90 on Thursday. 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 stock has a market capitalization of $5.75 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 1.00 and a beta of 0.61. The stock’s 50 day moving average price is $37.34 and its 200-day moving average price is $41.39. Genpact Limited has a 52-week low of $33.12 and a 52-week high of $50.24.

Genpact (NYSE:G) last announced its quarterly earnings results on Friday, February 6th. The business services provider reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.04. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.31 billion. Genpact had a return on equity of 22.02% and a net margin of 10.88%.The firm’s revenue was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.91 earnings per share. On average, equities research analysts predict that Genpact Limited will post 3.6 EPS for the current year.

Genpact Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be given a $0.1875 dividend. 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 dividend payout ratio (DPR) is currently 23.96%.

Analysts Set New Price Targets

G has been the topic of several analyst reports. Needham & Company LLC decreased their target price 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. Mizuho dropped their price target on shares of Genpact from $51.00 to $49.00 and set a “neutral” rating for the company in a research report on Tuesday, February 10th. Citigroup raised shares of Genpact from a “hold” rating to a “strong-buy” rating in a report on Friday, February 13th. Susquehanna decreased their price objective on shares of Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday. Finally, Wall Street Zen downgraded shares of Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $46.57.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 2,800 shares of Genpact stock in a transaction dated Wednesday, March 4th. The shares were sold at an average price of $40.77, for a total transaction of $114,156.00. Following the sale, the chief executive officer owned 525,007 shares of the company’s stock, valued at approximately $21,404,535.39. The trade was a 0.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.58% of the company’s stock.

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.