Genpact Limited $G Stake Boosted by Corient Private Wealth LLC

by · The Markets Daily

Corient Private Wealth LLC boosted its stake in shares of Genpact Limited (NYSE:G – Free Report) by 81.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 69,747 shares of the business services provider’s stock after purchasing an additional 31,374 shares during the quarter. Corient Private Wealth LLC’s holdings in Genpact were worth $3,264,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the company. AQR Capital Management LLC raised its holdings in shares of Genpact by 90.9% during the fourth quarter. AQR Capital Management LLC now owns 6,575,115 shares of the business services provider’s stock valued at $307,584,000 after acquiring an additional 3,131,643 shares during the period. FIL Ltd boosted its stake in Genpact by 114.4% in the 4th 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 period. Clark Capital Management Group Inc. grew its position in Genpact by 157.9% during 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 in the last quarter. Dimensional Fund Advisors LP grew its position in Genpact by 26.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,010,764 shares of the business services provider’s stock worth $234,409,000 after purchasing an additional 1,032,554 shares in the last quarter. Finally, Nalanda India Equity Fund Ltd raised its stake in Genpact by 8.0% during the 4th 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 purchasing an additional 1,015,556 shares during the period. 96.03% of the stock is owned by hedge funds and other institutional investors.

Genpact Stock Up 3.3%

Genpact stock opened at $28.58 on Friday. Genpact Limited has a twelve month low of $27.36 and a twelve month high of $48.64. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.69. The firm has a market cap of $4.84 billion, a PE ratio of 8.77, a P/E/G ratio of 0.81 and a beta of 0.58. The firm’s 50 day moving average price is $32.19 and its two-hundred day moving average price is $38.52.

Genpact (NYSE:G – Get Free Report) last issued its earnings results on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (EPS) for the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. The company had revenue of $1.30 billion during the quarter. On average, research analysts predict that Genpact Limited will post 3.64 EPS for the current fiscal year.

Genpact Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were given a dividend of $0.1875 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.75 dividend on an annualized basis and a yield of 2.6%. Genpact’s dividend payout ratio (DPR) is presently 23.01%.

Analyst Upgrades and Downgrades

G has been the subject of a number of research analyst reports. Weiss Ratings lowered Genpact from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday. Needham & Company LLC reiterated a “buy” rating and set a $50.00 price target on shares of Genpact in a report on Friday, May 8th. Robert W. Baird dropped their price target on Genpact from $54.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Mizuho reduced their price objective on Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Finally, Citigroup reduced their price objective on Genpact from $43.00 to $35.00 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 given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $43.29.

Get Our Latest Analysis on Genpact

Genpact Company Profile

(Free Report)

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.

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