Genpact Limited $G Position Lessened by Tandem Investment Advisors Inc.

Tandem Investment Advisors Inc. decreased its holdings in shares of Genpact Limited (NYSE:G) by 10.3% in the 1st quarter, Holdings Channel reports. The firm owned 2,531,821 shares of the business services provider’s stock after selling 290,112 shares during the period. Genpact comprises 4.6% of Tandem Investment Advisors Inc.’s investment portfolio, making the stock its 4th largest holding. Tandem Investment Advisors Inc.’s holdings in Genpact were worth $94,310,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of G. AQR Capital Management LLC raised its stake in Genpact by 90.9% in the fourth quarter. AQR Capital Management LLC now owns 6,575,115 shares of the business services provider’s stock valued at $307,584,000 after purchasing an additional 3,131,643 shares in the last quarter. FIL Ltd grew its stake in Genpact by 114.4% in the 4th quarter. FIL Ltd now owns 4,802,854 shares of the business services provider’s stock worth $224,678,000 after buying an additional 2,562,484 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Genpact by 26.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,010,764 shares of the business services provider’s stock worth $234,409,000 after buying an additional 1,032,554 shares in the last quarter. Nalanda India Equity Fund Ltd increased its holdings in shares of Genpact by 8.0% in the 4th quarter. Nalanda India Equity Fund Ltd now owns 13,702,500 shares of the business services provider’s stock worth $641,003,000 after buying an additional 1,015,556 shares during the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Genpact by 1,531.9% in the 4th quarter. Millennium Management LLC now owns 1,046,671 shares of the business services provider’s stock worth $48,963,000 after buying an additional 982,532 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors.

Genpact Price Performance

Shares of NYSE:G opened at $30.87 on Friday. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.47. The stock has a market cap of $5.23 billion, a PE ratio of 9.47, a PEG ratio of 0.87 and a beta of 0.61. The company’s fifty day moving average is $30.54 and its 200 day moving average is $36.62. Genpact Limited has a 52 week low of $26.85 and a 52 week high of $48.64.

Genpact (NYSE:G) last posted its quarterly earnings results on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (EPS) for the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. The business had revenue of $1.30 billion during the quarter. Research analysts anticipate 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, September 24th. Investors 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 yield of 2.4%. Genpact’s dividend payout ratio is currently 23.01%.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. TD Cowen lowered their price objective on shares of Genpact from $47.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, July 9th. Susquehanna reduced their target price on Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Genpact in a research report on Friday, May 8th. Robert W. Baird dropped their price target on Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Tuesday, July 7th. Finally, Citigroup cut their price objective on Genpact from $43.00 to $35.00 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 given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $40.25.

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.