Gateway Wealth Partners LLC Takes $630,000 Position in Genpact Limited $G

Gateway Wealth Partners LLC acquired a new stake in shares of Genpact Limited (NYSE:G) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 16,905 shares of the business services provider’s stock, valued at approximately $630,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC increased its holdings in Genpact by 90.9% in the 4th quarter. AQR Capital Management LLC now owns 6,575,115 shares of the business services provider’s stock worth $307,584,000 after purchasing an additional 3,131,643 shares in the last quarter. FIL Ltd grew its holdings in shares of Genpact by 114.4% during the fourth quarter. FIL Ltd now owns 4,802,854 shares of the business services provider’s stock worth $224,678,000 after purchasing an additional 2,562,484 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Genpact by 26.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,010,764 shares of the business services provider’s stock valued at $234,409,000 after buying an additional 1,032,554 shares during the period. Nalanda India Equity Fund Ltd increased its stake in shares of Genpact by 8.0% in the fourth quarter. Nalanda India Equity Fund Ltd now owns 13,702,500 shares of the business services provider’s stock valued at $641,003,000 after buying an additional 1,015,556 shares during the period. Finally, Millennium Management LLC raised its holdings in Genpact by 1,531.9% in the 4th quarter. Millennium Management LLC now owns 1,046,671 shares of the business services provider’s stock valued at $48,963,000 after buying an additional 982,532 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Genpact Price Performance

Shares of G opened at $35.40 on Friday. Genpact Limited has a 1 year low of $26.85 and a 1 year high of $48.64. 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 $6.00 billion, a price-to-earnings ratio of 10.86, a price-to-earnings-growth ratio of 1.04 and a beta of 0.61. The business has a 50-day moving average of $30.83 and a 200-day moving average of $35.61.

Genpact (NYSE:G) last posted 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 company had revenue of $1.30 billion for the quarter. As a group, equities research analysts anticipate that Genpact Limited will post 3.64 earnings per share for the current year.

Genpact Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a $0.1875 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.1%. Genpact’s payout ratio is 23.01%.

Analyst Ratings Changes

G has been the topic of several recent research reports. Mizuho cut their target price on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Needham & Company LLC restated a “buy” rating and issued a $50.00 price target on shares of Genpact in a research report on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of Genpact in a research note on Friday, July 10th. Susquehanna cut their price target on shares of Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Finally, Weiss Ratings cut shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, Genpact currently has an average rating of “Hold” and a consensus price target 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.