Burney Co. Cuts Holdings in Genpact Limited $G

Burney Co. lowered its stake in Genpact Limited (NYSE:G) by 68.9% during the first quarter, Holdings Channel.com reports. The firm owned 53,356 shares of the business services provider’s stock after selling 118,180 shares during the quarter. Burney Co.’s holdings in Genpact were worth $1,988,000 as of its most recent SEC filing.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on G shares. Wall Street Zen downgraded shares of Genpact from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Mizuho lowered 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. Robert W. Baird dropped their target price on Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a report on Tuesday. Citigroup dropped their target price on Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price target on shares of Genpact in a report on Friday, May 8th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Genpact presently has a consensus rating of “Hold” and an average target price of $42.29.

Genpact Stock Up 2.6%

Shares of NYSE:G opened at $29.71 on Wednesday. The firm has a 50 day simple moving average of $31.15 and a 200-day simple moving average of $37.56. Genpact Limited has a twelve month low of $26.85 and a twelve month high of $48.64. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The company has a market capitalization of $5.04 billion, a PE ratio of 9.12, a P/E/G ratio of 0.82 and a beta of 0.61.

Genpact (NYSE:G) last posted its earnings results on Tuesday, March 31st. The business services provider reported $0.98 EPS 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. On average, equities analysts predict that Genpact Limited will post 3.64 EPS for the current fiscal year.

Genpact Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were issued a dividend of $0.1875 per share. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.75 annualized dividend and a dividend yield of 2.5%. Genpact’s dividend payout ratio (DPR) is presently 23.01%.

Genpact Company 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.