NFJ Investment Group LLC Sells 97,975 Shares of Genpact Limited $G

NFJ Investment Group LLC cut its holdings in shares of Genpact Limited (NYSE:G) by 30.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 221,340 shares of the business services provider’s stock after selling 97,975 shares during the quarter. NFJ Investment Group LLC owned approximately 0.13% of Genpact worth $10,354,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. iSAM Funds UK Ltd bought a new stake in Genpact during the third quarter valued at about $29,000. Johnson Financial Group Inc. bought a new stake in Genpact during the third quarter valued at about $29,000. V Square Quantitative Management LLC bought a new stake in Genpact during the fourth quarter valued at about $30,000. Shell Asset Management Co. bought a new stake in shares of Genpact in the third quarter worth about $33,000. Finally, Larson Financial Group LLC increased its holdings 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 worth $33,000 after purchasing an additional 574 shares during the last quarter. 96.03% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on G shares. Citigroup reduced 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. Wall Street Zen cut Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Needham & Company LLC reaffirmed a “buy” rating and issued a $50.00 target price on shares of Genpact in a report on Friday, May 8th. Susquehanna reduced their target price on Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Genpact in a report on Friday, May 8th. One analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, Genpact presently has a consensus rating of “Hold” and a consensus target price of $43.29.

Genpact Trading Up 0.4%

G opened at $32.03 on Friday. The firm has a market cap of $5.43 billion, a P/E ratio of 9.83, a P/E/G ratio of 0.91 and a beta of 0.58. Genpact Limited has a 12 month low of $28.78 and a 12 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 stock has a 50-day moving average of $33.67 and a 200 day moving average of $39.62.

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

Genpact Announces Dividend

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