Genpact Limited $G Shares Acquired by LSV Asset Management

LSV Asset Management boosted its stake in shares of Genpact Limited (NYSE:G) by 15.1% in the fourth quarter, HoldingsChannel reports. The firm owned 2,467,612 shares of the business services provider’s stock after purchasing an additional 324,345 shares during the quarter. LSV Asset Management’s holdings in Genpact were worth $115,435,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. GAMMA Investing LLC boosted its position in Genpact by 2.6% during the 4th quarter. GAMMA Investing LLC now owns 9,637 shares of the business services provider’s stock valued at $451,000 after purchasing an additional 241 shares during the period. Verdence Capital Advisors LLC boosted its position in Genpact by 2.3% during the 4th quarter. Verdence Capital Advisors LLC now owns 12,082 shares of the business services provider’s stock valued at $565,000 after purchasing an additional 271 shares during the period. AlphaCore Capital LLC boosted its position in Genpact by 2.4% during the 4th quarter. AlphaCore Capital LLC now owns 11,634 shares of the business services provider’s stock valued at $544,000 after purchasing an additional 272 shares during the period. OneAscent Investment Solutions LLC boosted its position in Genpact by 3.7% during the 3rd quarter. OneAscent Investment Solutions LLC now owns 7,770 shares of the business services provider’s stock valued at $325,000 after purchasing an additional 280 shares during the period. Finally, Flynn Zito Capital Management LLC boosted its position in Genpact by 4.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 6,142 shares of the business services provider’s stock valued at $287,000 after purchasing an additional 288 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Insiders Place Their Bets

In other Genpact news, CEO Balkrishan Kalra sold 2,800 shares of Genpact stock in a transaction on Wednesday, March 4th. The stock was 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 $21,404,535.39. The trade was a 0.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.58% of the stock is owned by insiders.

Genpact Stock Down 0.4%

Shares of Genpact stock opened at $31.89 on Friday. The business’s fifty day moving average price is $35.30 and its two-hundred day moving average price is $40.71. 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 company has a market capitalization of $5.40 billion, a P/E ratio of 9.78, a PEG ratio of 0.90 and a beta of 0.61. Genpact Limited has a 1-year low of $28.78 and a 1-year high of $48.64.

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

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be paid a dividend of $0.1875 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.75 annualized dividend and a yield of 2.4%. Genpact’s payout ratio is presently 23.01%.

Analysts Set New Price Targets

A number of research firms recently issued reports on G. Wall Street Zen lowered Genpact from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Citigroup reduced their price objective on Genpact from $43.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Weiss Ratings restated a “hold (c)” rating on shares of Genpact in a research report on Friday, May 8th. Needham & Company LLC restated a “buy” rating and set a $50.00 price objective on shares of Genpact in a research report on Friday, May 8th. Finally, Mizuho cut their target price on Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $43.29.

Genpact Profile

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.