Glenmede Trust Co. NA Has $5.63 Million Stock Holdings in Genpact Limited $G

Glenmede Trust Co. NA lifted its position in shares of Genpact Limited (NYSE:G) by 41.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,155 shares of the business services provider’s stock after purchasing an additional 44,292 shares during the quarter. Glenmede Trust Co. NA’s holdings in Genpact were worth $5,631,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in G. Osbon Capital Management LLC bought a new stake in shares of Genpact in the 4th quarter valued at $25,000. iSAM Funds UK Ltd acquired a new stake in Genpact during the 3rd quarter worth $29,000. Johnson Financial Group Inc. bought a new position in Genpact during the third quarter worth about $29,000. V Square Quantitative Management LLC bought a new position in Genpact during the fourth quarter worth about $30,000. Finally, Larson Financial Group LLC grew its stake in 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 during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Genpact Stock Up 0.0%

Genpact stock opened at $35.19 on Tuesday. 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 1-year low of $26.85 and a 1-year high of $48.64. The company has a fifty day simple moving average of $30.96 and a 200 day simple moving average of $35.45. The company has a market cap of $5.96 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 0.99 and a beta of 0.57.

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

Genpact Dividend Announcement

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. This represents a $0.75 annualized dividend and a yield of 2.1%. The ex-dividend date is Thursday, September 10th. Genpact’s dividend payout ratio is presently 23.01%.

Analysts Set New Price Targets

Several analysts have commented on G shares. TD Cowen dropped their target price on shares of Genpact from $47.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Weiss Ratings lowered shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on shares of Genpact in a research note on Friday, July 10th. Citigroup lowered their target price on Genpact from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Finally, Robert W. Baird dropped their price target on Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 7th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target 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.