Evolve Private Wealth LLC Trims Position in Genpact Limited $G

Evolve Private Wealth LLC trimmed its stake in Genpact Limited (NYSE:G) by 80.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,570 shares of the business services provider’s stock after selling 38,995 shares during the quarter. Evolve Private Wealth LLC’s holdings in Genpact were worth $356,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of G. Osbon Capital Management LLC purchased a new position in shares of Genpact during the 4th quarter valued at approximately $25,000. V Square Quantitative Management LLC acquired a new position in shares of Genpact during the fourth quarter valued at approximately $30,000. iSAM Funds UK Ltd acquired a new stake in Genpact in the 3rd quarter valued at about $29,000. Johnson Financial Group Inc. bought a new stake in Genpact during the third quarter worth approximately $29,000. Finally, Larson Financial Group LLC grew its holdings in shares of 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 acquiring an additional 574 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Citigroup decreased their price objective on Genpact from $43.00 to $35.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Needham & Company LLC reissued a “buy” rating and set a $50.00 price objective on shares of Genpact in a report on Friday, May 8th. Susquehanna lowered their price target on Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Robert W. Baird reduced their target price on shares of Genpact from $54.00 to $45.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Finally, Mizuho dropped their price objective on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. One analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $43.29.

Genpact Stock Performance

Shares of G stock opened at $28.58 on Friday. Genpact Limited has a 12 month low of $27.36 and a 12 month high of $48.64. The firm has a market cap of $4.84 billion, a PE ratio of 8.77, a P/E/G ratio of 0.78 and a beta of 0.58. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $32.19 and its 200-day simple moving average is $38.52.

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

Genpact Announces Dividend

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