Genpact Limited $G Shares Purchased by Kestra Advisory Services LLC

Kestra Advisory Services LLC increased its position in shares of Genpact Limited (NYSE:G) by 1,691.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,590 shares of the business services provider’s stock after purchasing an additional 23,217 shares during the quarter. Kestra Advisory Services LLC’s holdings in Genpact were worth $916,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Qsemble Capital Management LP purchased a new position in shares of Genpact during the fourth quarter worth $3,258,000. Northstar Advisory Group LLC purchased a new stake in Genpact in the fourth quarter valued at $1,548,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Genpact by 145.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 89,835 shares of the business services provider’s stock valued at $4,271,000 after purchasing an additional 53,294 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH grew its position in Genpact by 30.6% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 145,336 shares of the business services provider’s stock worth $6,810,000 after purchasing an additional 34,039 shares during the period. Finally, LSV Asset Management grew its position in Genpact by 15.1% during the 4th quarter. LSV Asset Management now owns 2,467,612 shares of the business services provider’s stock worth $115,435,000 after purchasing an additional 324,345 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analysts Set New Price Targets

G has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on Genpact in a report on Friday, July 10th. Susquehanna reduced their price target on Genpact from $42.00 to $37.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Robert W. Baird decreased their price target on Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, July 7th. Mizuho decreased their price target on Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Finally, Citigroup lowered their price objective on Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $40.25.

Genpact Trading Up 3.0%

Shares of Genpact stock opened at $31.28 on Friday. The firm has a 50-day simple moving average of $30.59 and a two-hundred day simple moving average of $36.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.69. Genpact Limited has a fifty-two week low of $26.85 and a fifty-two week high of $48.64. The company has a market cap of $5.30 billion, a P/E ratio of 9.60, a price-to-earnings-growth ratio of 0.86 and a beta of 0.61.

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

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a $0.1875 dividend. 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 payout ratio is 23.01%.

Genpact Company 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.