Royal Bank of Canada reduced its position in shares of Genpact Limited (NYSE:G – Free Report) by 50.1% during the 1st quarter, HoldingsChannel reports. The firm owned 86,500 shares of the business services provider’s stock after selling 86,932 shares during the period. Royal Bank of Canada’s holdings in Genpact were worth $3,222,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the company. Osbon Capital Management LLC purchased a new stake in shares of Genpact in the 4th quarter worth $25,000. iSAM Funds UK Ltd purchased a new position in shares of Genpact during the third quarter valued at $29,000. Johnson Financial Group Inc. bought a new stake in shares of Genpact in the third quarter valued at about $29,000. Larson Financial Group LLC raised 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 valued at $33,000 after acquiring an additional 574 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new stake in Genpact in the fourth quarter worth about $33,000. 96.03% of the stock is owned by institutional investors.
Genpact Stock Down 1.6%
NYSE:G opened at $33.81 on Friday. The company’s 50-day simple moving average is $31.33 and its 200-day simple moving average is $34.81. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.69 and a current ratio of 2.00. Genpact Limited has a fifty-two week low of $26.85 and a fifty-two week high of $48.64. The stock has a market capitalization of $5.68 billion, a P/E ratio of 10.03, a P/E/G ratio of 0.90 and a beta of 0.57.
Genpact Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders 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 dividend yield of 2.2%. Genpact’s dividend payout ratio is 22.26%.
Analyst Upgrades and Downgrades
Several research analysts have issued reports on G shares. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of Genpact in a report on Friday, July 10th. Robert W. Baird lowered their price target on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. BMO Capital Markets reiterated a “market perform” rating and set a $40.00 price objective on shares of Genpact in a research note on Friday, August 7th. Weiss Ratings downgraded shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Finally, Mizuho cut 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. Two equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, Genpact has a consensus rating of “Hold” and a consensus target price of $39.33.
Read Our Latest Stock Report on G
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.
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