Allianz Asset Management GmbH Purchases 183,185 Shares of Genpact Limited $G

Allianz Asset Management GmbH grew its position in shares of Genpact Limited (NYSE:G) by 41.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 629,887 shares of the business services provider’s stock after buying an additional 183,185 shares during the quarter. Allianz Asset Management GmbH’s holdings in Genpact were worth $27,721,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC grew its stake in Genpact by 2.5% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,890 shares of the business services provider’s stock worth $454,000 after buying an additional 240 shares during the last quarter. Sylvest Advisors LLC grew its stake in Genpact by 1.5% during the second quarter. Sylvest Advisors LLC now owns 17,902 shares of the business services provider’s stock worth $788,000 after buying an additional 258 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in Genpact by 0.7% during the second quarter. Louisiana State Employees Retirement System now owns 45,300 shares of the business services provider’s stock worth $1,994,000 after buying an additional 300 shares during the last quarter. Petrus Trust Company LTA grew its stake in Genpact by 2.2% during the first quarter. Petrus Trust Company LTA now owns 14,390 shares of the business services provider’s stock worth $725,000 after buying an additional 305 shares during the last quarter. Finally, KBC Group NV grew its stake in Genpact by 4.7% during the first quarter. KBC Group NV now owns 7,266 shares of the business services provider’s stock worth $366,000 after buying an additional 324 shares during the last quarter. 96.03% of the stock is owned by institutional investors.

Genpact Trading Up 1.3%

Shares of NYSE G opened at $39.48 on Friday. The company’s 50 day simple moving average is $42.67 and its 200 day simple moving average is $44.17. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.53 and a quick ratio of 1.53. The firm has a market capitalization of $6.88 billion, a P/E ratio of 13.11, a P/E/G ratio of 1.35 and a beta of 0.89. Genpact Limited has a fifty-two week low of $37.82 and a fifty-two week high of $56.76.

Genpact (NYSE:G) last posted its earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.03. The company had revenue of $1.25 billion for the quarter, compared to analyst estimates of $1.23 billion. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The business’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period last year, the business posted $0.79 earnings per share. Genpact has set its FY 2025 guidance at 3.510-3.580 EPS. Q3 2025 guidance at 0.890-0.900 EPS. On average, analysts predict that Genpact Limited will post 3.21 EPS for the current year.

Genpact Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 23rd. Shareholders of record on Tuesday, December 9th will be issued a $0.17 dividend. The ex-dividend date is Tuesday, December 9th. This represents a $0.68 annualized dividend and a yield of 1.7%. Genpact’s dividend payout ratio (DPR) is 22.59%.

Insider Buying and Selling at Genpact

In other Genpact news, SVP Piyush Mehta sold 76,902 shares of the stock in a transaction on Friday, September 12th. The shares were sold at an average price of $42.58, for a total value of $3,274,487.16. Following the sale, the senior vice president directly owned 134,880 shares in the company, valued at approximately $5,743,190.40. This trade represents a 36.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Balkrishan Kalra sold 55,000 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $43.36, for a total transaction of $2,384,800.00. Following the completion of the sale, the chief executive officer owned 295,246 shares in the company, valued at approximately $12,801,866.56. This trade represents a 15.70% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on G shares. Weiss Ratings reissued a “hold (c)” rating on shares of Genpact in a research note on Wednesday, October 8th. Mizuho increased their price target on shares of Genpact from $48.00 to $51.00 and gave the company a “neutral” rating in a research note on Tuesday, July 1st. Deutsche Bank Aktiengesellschaft started coverage on shares of Genpact in a research note on Thursday, July 17th. They set a “hold” rating and a $47.00 price target on the stock. Needham & Company LLC increased their price target on shares of Genpact from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Genpact from $55.00 to $50.00 and set a “neutral” rating on the stock in a report on Wednesday, August 20th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $52.29.

About Genpact

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.