Aristides Capital LLC Has $1.39 Million Stake in Genpact Limited $G

Aristides Capital LLC decreased its holdings in Genpact Limited (NYSE:G) by 49.9% in the 1st quarter, HoldingsChannel reports. The firm owned 37,212 shares of the business services provider’s stock after selling 37,036 shares during the quarter. Aristides Capital LLC’s holdings in Genpact were worth $1,386,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of G. Osbon Capital Management LLC acquired a new position in Genpact during the 4th quarter valued at about $25,000. Johnson Financial Group Inc. acquired a new stake in shares of Genpact during the 3rd quarter worth approximately $29,000. iSAM Funds UK Ltd acquired a new stake in shares of Genpact during the 3rd quarter worth approximately $29,000. V Square Quantitative Management LLC bought a new stake in shares of Genpact during the fourth quarter worth approximately $30,000. Finally, Larson Financial Group LLC raised its stake in shares of Genpact by 428.4% during the fourth 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 last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on G. Mizuho decreased their price objective on Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a research note on Monday, May 11th. Needham & Company LLC restated a “buy” rating and set a $50.00 target price on shares of Genpact in a report on Friday, May 8th. Robert W. Baird decreased their target price on Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. TD Cowen decreased their price objective on shares of Genpact from $47.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Finally, Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of Genpact in a research note on Friday, July 10th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $40.25.

Genpact Stock Performance

Shares of NYSE G opened at $30.40 on Friday. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.69 and a quick ratio of 1.69. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 9.33, a P/E/G ratio of 0.85 and a beta of 0.61. Genpact Limited has a one year low of $26.85 and a one year high of $48.64. The stock’s fifty day moving average price is $30.54 and its two-hundred day moving average price is $36.08.

Genpact (NYSE:G) last announced its earnings results on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (EPS) for the quarter. The firm 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%. On average, equities analysts forecast that Genpact Limited will post 3.64 EPS for the current year.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be issued a dividend of $0.1875 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.75 annualized dividend and a dividend yield of 2.5%. Genpact’s dividend 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.