Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New $2.53 Million Investment in Genpact Limited $G

Fideuram Intesa Sanpaolo Private Banking S.P.A. bought a new stake in Genpact Limited (NYSE:G) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 67,801 shares of the business services provider’s stock, valued at approximately $2,526,000.

Other hedge funds also recently modified their holdings of the company. Osbon Capital Management LLC acquired a new position in Genpact in the fourth quarter valued at $25,000. iSAM Funds UK Ltd purchased a new stake in Genpact in the 3rd quarter valued at about $29,000. Johnson Financial Group Inc. purchased a new position in shares of Genpact during the 3rd quarter worth about $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Genpact in the fourth quarter worth approximately $30,000. Finally, Larson Financial Group LLC boosted 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 valued at $33,000 after purchasing an additional 574 shares during the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Trading Down 0.0%

NYSE:G opened at $29.09 on Friday. The firm has a market capitalization of $4.93 billion, a P/E ratio of 8.92, a P/E/G ratio of 0.82 and a beta of 0.61. The business has a 50 day simple moving average of $31.35 and a 200 day simple moving average of $37.88. Genpact Limited has a 12-month low of $26.85 and a 12-month high of $48.64. 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 (NYSE:G) last issued its quarterly earnings data on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (EPS) for the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%.The business had revenue of $1.30 billion during the quarter. Equities research analysts predict that Genpact Limited will post 3.64 EPS for the current year.

Genpact Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were paid a $0.1875 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.75 annualized dividend and a dividend yield of 2.6%. Genpact’s dividend payout ratio is presently 23.01%.

Analysts Set New Price Targets

A number of brokerages have weighed in on G. Wall Street Zen cut shares of Genpact from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Weiss Ratings lowered shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Needham & Company LLC reissued a “buy” rating and set a $50.00 target price on shares of Genpact in a research report on Friday, May 8th. Mizuho decreased their target price 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. Finally, Citigroup lowered their price target on shares of Genpact from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, May 11th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average 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.