Genpact Limited $G Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets raised its position in Genpact Limited (NYSE:G) by 435.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 334,191 shares of the business services provider’s stock after buying an additional 271,756 shares during the quarter. BNP Paribas Financial Markets’ holdings in Genpact were worth $15,633,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Westside Investment Management Inc. lifted its holdings in shares of Genpact by 193.5% during the third quarter. Westside Investment Management Inc. now owns 678 shares of the business services provider’s stock worth $28,000 after purchasing an additional 447 shares during the period. iSAM Funds UK Ltd purchased a new position in Genpact in the third quarter valued at about $29,000. Johnson Financial Group Inc. purchased a new position in Genpact in the third quarter valued at about $29,000. V Square Quantitative Management LLC acquired a new stake in shares of Genpact during the 4th quarter valued at approximately $30,000. Finally, Shell Asset Management Co. purchased a new position in shares of Genpact in the third quarter valued at $33,000. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Stock Down 0.6%

Shares of NYSE:G opened at $32.67 on Friday. The stock has a 50-day simple moving average of $34.16 and a 200-day simple moving average of $40.03. The stock has a market capitalization of $5.54 billion, a P/E ratio of 10.02, a PEG ratio of 0.92 and a beta of 0.58. Genpact Limited has a 1 year low of $28.78 and a 1 year high of $48.64. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.69.

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

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be paid a $0.1875 dividend. The ex-dividend date is Wednesday, June 10th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.3%. Genpact’s dividend payout ratio (DPR) is 23.01%.

Analysts Set New Price Targets

Several research firms recently commented on G. Robert W. Baird decreased their price objective on shares of Genpact from $54.00 to $45.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Susquehanna cut their target price on shares of Genpact from $42.00 to $37.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Mizuho lowered their price target 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. Wall Street Zen lowered shares of Genpact from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Finally, Citigroup lowered 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. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Genpact has an average rating of “Hold” and a consensus target price of $43.29.

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.