Genpact Limited $G Shares Sold by Burney Co.

Burney Co. trimmed its holdings in Genpact Limited (NYSE:G) by 68.9% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 53,356 shares of the business services provider’s stock after selling 118,180 shares during the period. Burney Co.’s holdings in Genpact were worth $1,988,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of G. Qsemble Capital Management LP purchased a new stake in shares of Genpact during the 4th quarter valued at approximately $3,258,000. Dimensional Fund Advisors LP grew its position in Genpact by 8.7% in the third quarter. Dimensional Fund Advisors LP now owns 3,978,210 shares of the business services provider’s stock worth $166,651,000 after acquiring an additional 319,861 shares during the period. Causeway Capital Management LLC increased its stake in Genpact by 31.3% during the third quarter. Causeway Capital Management LLC now owns 1,878,432 shares of the business services provider’s stock worth $78,687,000 after acquiring an additional 447,261 shares during the last quarter. Bank of Montreal Can increased its stake in Genpact by 3.9% during the third quarter. Bank of Montreal Can now owns 1,465,815 shares of the business services provider’s stock worth $61,403,000 after acquiring an additional 55,081 shares during the last quarter. Finally, Kennedy Capital Management LLC raised its position in Genpact by 44.2% in the third quarter. Kennedy Capital Management LLC now owns 501,024 shares of the business services provider’s stock valued at $20,988,000 after purchasing an additional 153,671 shares during the period. 96.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on G. Robert W. Baird decreased their price target on Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday. Susquehanna reduced their price objective on shares of Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Mizuho reduced their price objective on shares of 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 lowered shares of Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Citigroup dropped their price target on shares of 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. Based on data from MarketBeat.com, Genpact currently has a consensus rating of “Hold” and a consensus target price of $42.29.

Genpact Stock Performance

Shares of Genpact stock opened at $29.71 on Wednesday. The stock has a market capitalization of $5.04 billion, a price-to-earnings ratio of 9.12, a price-to-earnings-growth ratio of 0.82 and a beta of 0.61. 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 business has a 50-day moving average of $31.15 and a 200 day moving average of $37.56. Genpact Limited has a 12 month low of $26.85 and a 12 month high of $48.64.

Genpact (NYSE:G) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (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%. As a group, sell-side analysts forecast that Genpact Limited will post 3.64 earnings per share for the current year.

Genpact Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were paid a $0.1875 dividend. The ex-dividend date was Wednesday, June 10th. This represents a $0.75 annualized dividend and a dividend yield of 2.5%. 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.