Rice Hall James & Associates LLC Makes New Investment in Genpact Limited $G

Rice Hall James & Associates LLC bought a new position in shares of Genpact Limited (NYSE:G) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 258,381 shares of the business services provider’s stock, valued at approximately $12,087,000.

Several other hedge funds and other institutional investors have also modified their holdings of G. V Square Quantitative Management LLC bought a new position in Genpact in the 4th quarter valued at $30,000. iSAM Funds UK Ltd bought a new position in Genpact in the 3rd quarter valued at $29,000. Johnson Financial Group Inc. bought a new position in Genpact in the 3rd quarter valued at $29,000. Larson Financial Group LLC raised its position in Genpact by 428.4% in the 4th quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 574 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Genpact in the 4th quarter valued at $33,000. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Down 3.4%

Shares of Genpact stock opened at $30.97 on Tuesday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.47. Genpact Limited has a 12 month low of $28.78 and a 12 month high of $48.64. The business has a fifty day simple moving average of $33.54 and a 200 day simple moving average of $39.49. The stock has a market cap of $5.25 billion, a PE ratio of 9.50, a price-to-earnings-growth ratio of 0.91 and a beta of 0.59.

Genpact (NYSE:G) last announced its quarterly earnings data 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 business had revenue of $1.30 billion during the quarter. Research analysts predict that Genpact Limited will post 3.64 EPS for the current year.

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Investors 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 dividend on an annualized basis and a dividend yield of 2.4%. Genpact’s payout ratio is 23.01%.

Analysts Set New Price Targets

Several equities analysts have issued reports on the company. Citigroup cut 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 reiterated a “hold (c)” rating on shares of Genpact in a research report on Friday, May 8th. Susquehanna lowered their target price on Genpact from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Wall Street Zen cut Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Robert W. Baird lowered their target price on Genpact from $54.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.