Formidable Asset Management LLC Purchases Shares of 15,633 Genpact Limited $G

Formidable Asset Management LLC acquired a new position in Genpact Limited (NYSE:G) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 15,633 shares of the business services provider’s stock, valued at approximately $655,000.

Other hedge funds also recently made changes to their positions in the company. LSV Asset Management purchased a new position in Genpact during the second quarter valued at approximately $71,592,000. Norges Bank purchased a new stake in shares of Genpact in the second quarter worth $52,819,000. Invesco Ltd. raised its position in shares of Genpact by 334.9% during the 2nd quarter. Invesco Ltd. now owns 1,403,292 shares of the business services provider’s stock valued at $61,759,000 after purchasing an additional 1,080,602 shares during the period. Nordea Investment Management AB raised its position in shares of Genpact by 60.2% during the 2nd quarter. Nordea Investment Management AB now owns 2,617,255 shares of the business services provider’s stock valued at $114,924,000 after purchasing an additional 983,774 shares during the period. Finally, Jupiter Asset Management Ltd. lifted its stake in shares of Genpact by 601.5% during the 2nd quarter. Jupiter Asset Management Ltd. now owns 1,081,109 shares of the business services provider’s stock valued at $47,580,000 after buying an additional 927,003 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have commented on G. Citigroup raised Genpact to a “hold” rating in a report on Thursday, October 23rd. Wall Street Zen raised Genpact from a “hold” rating to a “buy” rating in a research note on Saturday, January 10th. Susquehanna assumed coverage on Genpact in a report on Friday, December 12th. They issued a “neutral” rating and a $50.00 price target on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Genpact in a research note on Friday, December 26th. Three equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $51.00.

Genpact Price Performance

NYSE:G opened at $45.92 on Tuesday. The company has a current ratio of 1.51, a quick ratio of 1.51 and a debt-to-equity ratio of 0.33. The company has a market capitalization of $7.92 billion, a P/E ratio of 14.81, a P/E/G ratio of 1.36 and a beta of 0.75. Genpact Limited has a 12 month low of $37.49 and a 12 month high of $56.76. The business’s 50-day moving average is $46.21 and its 200 day moving average is $43.93.

Genpact (NYSE:G) last released its quarterly earnings results on Thursday, November 6th. The business services provider reported $0.97 earnings per share 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 business had revenue of $1.29 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same quarter last year, the business posted $0.85 EPS. The firm’s revenue for the quarter was up 6.6% compared to the same quarter last year. Genpact has set its FY 2025 guidance at 3.600-3.610 EPS and its Q4 2025 guidance at 0.930-0.940 EPS. On average, equities research analysts forecast that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Insider Activity at Genpact

In related news, Director Tamara Franklin sold 2,750 shares of the business’s stock in a transaction on Wednesday, November 12th. The shares were sold at an average price of $45.65, for a total value of $125,537.50. Following the sale, the director owned 22,236 shares in the company, valued at approximately $1,015,073.40. The trade was a 11.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Sameer Dewan sold 26,531 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $44.70, for a total transaction of $1,185,935.70. Following the transaction, the senior vice president owned 62,617 shares of the company’s stock, valued at $2,798,979.90. This trade represents a 29.76% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 60,385 shares of company stock valued at $2,762,475. 2.80% of the stock is owned by corporate insiders.

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.