Capital International Inc. CA Increases Stake in Genpact Limited $G

Capital International Inc. CA grew its position in Genpact Limited (NYSE:G) by 8.5% during the 4th quarter, HoldingsChannel reports. The fund owned 357,897 shares of the business services provider’s stock after purchasing an additional 27,908 shares during the period. Capital International Inc. CA’s holdings in Genpact were worth $16,742,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. iSAM Funds UK Ltd purchased a new stake in shares of Genpact in the third quarter valued at $29,000. Johnson Financial Group Inc. purchased a new position in Genpact in the 3rd quarter worth about $29,000. V Square Quantitative Management LLC purchased a new position in Genpact in the 4th quarter worth about $30,000. Shell Asset Management Co. purchased a new position in Genpact in the 3rd quarter worth about $33,000. Finally, Larson Financial Group LLC increased its stake in Genpact by 428.4% in the 4th quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock worth $33,000 after buying an additional 574 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Mizuho reduced their price target on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 price target on shares of Genpact in a research note on Friday, May 8th. Citigroup reduced their price target on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Wall Street Zen downgraded shares of Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Robert W. Baird reduced their price target on shares of Genpact from $54.00 to $45.00 and set a “neutral” rating on the stock 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. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $43.29.

Genpact Trading Up 0.1%

NYSE G opened at $32.67 on Monday. 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 company has a market capitalization of $5.54 billion, a price-to-earnings ratio of 10.02, a price-to-earnings-growth ratio of 0.92 and a beta of 0.58. The company’s 50-day simple moving average is $34.16 and its two-hundred day simple moving average is $40.00. Genpact Limited has a one year low of $28.78 and a one year high of $48.64.

Genpact (NYSE:G) last posted its earnings results on Tuesday, March 31st. The business services provider reported $0.98 EPS for the quarter. The business had revenue of $1.30 billion for the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. Equities analysts forecast that Genpact Limited will post 3.64 EPS for the current fiscal year.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be given 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 yield of 2.3%. Genpact’s dividend payout ratio (DPR) is 23.01%.

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.