Genpact Limited $G Holdings Lifted by Corient Private Wealth LLC

Corient Private Wealth LLC raised its position in Genpact Limited (NYSE:G) by 81.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm 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 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada raised its stake in Genpact by 19.7% during the 1st quarter. Royal Bank of Canada now owns 121,705 shares of the business services provider’s stock valued at $6,131,000 after acquiring an additional 20,043 shares in the last quarter. Amundi bought a new stake in shares of Genpact during the first quarter valued at about $58,000. Goldman Sachs Group Inc. lifted its holdings in Genpact by 20.8% in the first quarter. Goldman Sachs Group Inc. now owns 353,074 shares of the business services provider’s stock worth $17,788,000 after purchasing an additional 60,887 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in Genpact by 12.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 511,627 shares of the business services provider’s stock valued at $25,776,000 after buying an additional 56,557 shares in the last quarter. Finally, Focus Partners Wealth increased its stake in Genpact by 10.3% during the 1st quarter. Focus Partners Wealth now owns 5,227 shares of the business services provider’s stock valued at $263,000 after buying an additional 488 shares during the period. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Stock Performance

Shares of G opened at $28.58 on Friday. The firm’s 50 day moving average is $32.19 and its 200-day moving average is $38.52. The stock has a market capitalization of $4.84 billion, a P/E ratio of 8.77, a P/E/G ratio of 0.81 and a beta of 0.58. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.69 and a quick ratio of 1.69. Genpact Limited has a 12-month low of $27.36 and a 12-month high of $48.64.

Genpact (NYSE:G) last released 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 research analysts anticipate that Genpact Limited will post 3.64 EPS for the current fiscal year.

Genpact Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders 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 dividend yield of 2.6%. The ex-dividend date was Wednesday, June 10th. Genpact’s dividend payout ratio is 23.01%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on G. 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. Mizuho dropped their target price on Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Wall Street Zen downgraded Genpact from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings lowered Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday. Finally, Citigroup lowered their price target on Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $43.29.

Genpact 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.