First Trust Advisors LP Has $90 Million Stock Holdings in Genpact Limited $G

First Trust Advisors LP increased its position in shares of Genpact Limited (NYSE:G) by 10.2% during the 1st quarter, Holdings Channel reports. The fund owned 2,415,994 shares of the business services provider’s stock after buying an additional 222,899 shares during the quarter. First Trust Advisors LP’s holdings in Genpact were worth $89,996,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of G. Osbon Capital Management LLC bought a new stake in Genpact in the fourth quarter valued at approximately $25,000. V Square Quantitative Management LLC bought a new position in shares of Genpact during the fourth quarter worth $30,000. iSAM Funds UK Ltd acquired a new position in shares of Genpact in the 3rd quarter valued at $29,000. Johnson Financial Group Inc. acquired a new position in shares of Genpact in the 3rd quarter valued at $29,000. Finally, Larson Financial Group LLC increased its position in shares of Genpact by 428.4% in the 4th quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock valued at $33,000 after buying an additional 574 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 price objective on shares of Genpact in a research note on Friday, May 8th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on Genpact in a research note on Friday, July 10th. Weiss Ratings lowered Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 24th. Susquehanna cut their price objective on Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Finally, TD Cowen decreased their price objective on Genpact from $47.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $40.25.

Genpact Trading Up 3.0%

G opened at $31.28 on Friday. The stock has a market capitalization of $5.30 billion, a P/E ratio of 9.60, a P/E/G ratio of 0.86 and a beta of 0.61. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. Genpact Limited has a 12 month low of $26.85 and a 12 month high of $48.64. The firm’s fifty day simple moving average is $30.59 and its 200 day simple moving average is $36.05.

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

Genpact Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 2.4%. Genpact’s dividend payout ratio (DPR) is presently 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.