Beaumont Financial Advisors LLC bought a new stake in Genpact Limited (NYSE:G – Free Report) in the third quarter, HoldingsChannel.com reports. The fund bought 68,623 shares of the business services provider’s stock, valued at approximately $2,875,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. LSV Asset Management bought a new stake in shares of Genpact in the 2nd quarter worth approximately $71,592,000. Norges Bank bought a new position in Genpact during the 2nd quarter worth $52,819,000. Invesco Ltd. increased its position in Genpact by 334.9% in the second quarter. Invesco Ltd. now owns 1,403,292 shares of the business services provider’s stock worth $61,759,000 after buying an additional 1,080,602 shares during the period. Nordea Investment Management AB lifted its stake in Genpact by 60.2% in the second quarter. Nordea Investment Management AB now owns 2,617,255 shares of the business services provider’s stock valued at $114,924,000 after buying an additional 983,774 shares during the last quarter. Finally, Jupiter Asset Management Ltd. boosted its holdings in shares of Genpact by 601.5% during the second quarter. Jupiter Asset Management Ltd. now owns 1,081,109 shares of the business services provider’s stock valued at $47,580,000 after acquiring an additional 927,003 shares during the period. 96.03% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. Citigroup upgraded shares of Genpact to a “hold” rating in a research report on Thursday, October 23rd. Susquehanna began coverage on shares of Genpact in a research report on Friday, December 12th. They issued a “neutral” rating and a $50.00 target price for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Genpact in a report on Friday, December 26th. Finally, Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a research report on Saturday, December 13th. Three investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $51.00.
Insider Transactions at Genpact
In other news, Director Tamara Franklin sold 2,750 shares of the firm’s stock in a transaction dated Wednesday, November 12th. The shares were sold at an average price of $45.65, for a total transaction of $125,537.50. Following the completion of the transaction, the director owned 22,236 shares in the company, valued at approximately $1,015,073.40. This trade represents a 11.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Sameer Dewan sold 26,531 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $44.70, for a total transaction of $1,185,935.70. Following the completion of the sale, the senior vice president owned 62,617 shares in the company, valued at $2,798,979.90. The trade was a 29.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.07% of the stock is owned by insiders.
Genpact Price Performance
Shares of NYSE:G opened at $47.60 on Friday. The stock has a market cap of $8.21 billion, a price-to-earnings ratio of 15.35, a PEG ratio of 1.40 and a beta of 0.75. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.51 and a quick ratio of 1.51. Genpact Limited has a 12 month low of $37.49 and a 12 month high of $56.76. The stock’s 50 day moving average price is $45.28 and its 200 day moving average price is $43.76.
Genpact (NYSE:G – Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.07. Genpact had a return on equity of 22.55% and a net margin of 11.01%.The company had revenue of $1.29 billion for the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the firm earned $0.85 EPS. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. Genpact has set its FY 2025 guidance at 3.600-3.610 EPS and its Q4 2025 guidance at 0.930-0.940 EPS. Equities research analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current fiscal year.
Genpact Company 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.
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