Genpact Limited $G Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in shares of Genpact Limited (NYSE:G) by 4.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 1,113,206 shares of the business services provider’s stock after selling 50,827 shares during the quarter. Bank of New York Mellon Corp’s holdings in Genpact were worth $41,467,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in G. Osbon Capital Management LLC purchased a new stake in shares of Genpact in the 4th quarter valued at approximately $25,000. iSAM Funds UK Ltd purchased a new position in shares of Genpact during the 3rd quarter worth approximately $29,000. Johnson Financial Group Inc. acquired a new position in Genpact during the third quarter worth $29,000. V Square Quantitative Management LLC purchased a new position in shares of Genpact during the fourth quarter worth $30,000. Finally, Larson Financial Group LLC grew its stake in shares of Genpact by 428.4% in the fourth quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock valued at $33,000 after buying an additional 574 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on G shares. Weiss Ratings lowered Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $31.00 price target on shares of Genpact in a research note on Friday, July 10th. Robert W. Baird reduced their price target on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 7th. Needham & Company LLC reissued a “buy” rating and issued a $50.00 price objective on shares of Genpact in a research note on Friday, May 8th. 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 report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.25.

Genpact Price Performance

G stock opened at $31.28 on Friday. The business’s 50-day moving average is $30.59 and its two-hundred day moving average is $36.05. 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 capitalization of $5.30 billion, a P/E ratio of 9.60, a P/E/G ratio of 0.88 and a beta of 0.61. Genpact Limited has a 1 year low of $26.85 and a 1 year high of $48.64.

Genpact (NYSE:G) last announced its quarterly earnings data on Tuesday, March 31st. The business services provider reported $0.98 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. Analysts anticipate that Genpact Limited will post 3.64 earnings per share for the current fiscal year.

Genpact Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.4%. The ex-dividend date is Thursday, September 10th. Genpact’s payout ratio is 23.01%.

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.