Burney Co. Sells 202,426 Shares of Genpact Limited $G

Burney Co. reduced its holdings in shares of Genpact Limited (NYSE:G) by 49.2% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 209,163 shares of the business services provider’s stock after selling 202,426 shares during the quarter. Burney Co. owned approximately 0.12% of Genpact worth $9,205,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in G. Clark Capital Management Group Inc. bought a new position in Genpact during the first quarter worth $64,842,000. Nordea Investment Management AB grew its stake in Genpact by 60.2% in the 2nd quarter. Nordea Investment Management AB now owns 2,617,255 shares of the business services provider’s stock valued at $114,924,000 after buying an additional 983,774 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in Genpact by 109.8% in the 1st quarter. Ameriprise Financial Inc. now owns 1,615,220 shares of the business services provider’s stock valued at $81,375,000 after acquiring an additional 845,393 shares during the period. JPMorgan Chase & Co. lifted its position in Genpact by 20.9% during the first quarter. JPMorgan Chase & Co. now owns 4,111,340 shares of the business services provider’s stock worth $207,129,000 after acquiring an additional 710,704 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Genpact by 421.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 767,386 shares of the business services provider’s stock worth $38,662,000 after acquiring an additional 620,201 shares during the period. Institutional investors own 96.03% of the company’s stock.

Insider Activity at Genpact

In other news, CEO Balkrishan Kalra sold 55,000 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The shares were 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 of the company’s stock, valued at approximately $12,801,866.56. This represents a 15.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Piyush Mehta sold 76,902 shares of the stock in a transaction that occurred on Friday, September 12th. The stock was sold at an average price of $42.58, for a total transaction of $3,274,487.16. Following the sale, the senior vice president owned 134,880 shares in the company, valued at $5,743,190.40. This represents a 36.31% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.07% of the stock is currently owned by insiders.

Genpact Price Performance

Shares of NYSE G opened at $38.09 on Monday. The business has a fifty day moving average price of $41.69 and a two-hundred day moving average price of $43.57. The stock has a market capitalization of $6.64 billion, a PE ratio of 12.65, a P/E/G ratio of 1.31 and a beta of 0.89. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.53 and a quick ratio of 1.53. Genpact Limited has a fifty-two week low of $37.73 and a fifty-two week high of $56.76.

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

Genpact Dividend Announcement

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. This represents a $0.68 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, December 9th. Genpact’s dividend payout ratio (DPR) is currently 22.59%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Citigroup upgraded Genpact to a “hold” rating in a research note on Thursday, October 23rd. Needham & Company LLC upped their price objective on Genpact from $50.00 to $53.00 and gave the company a “buy” rating in a report on Friday, August 8th. JPMorgan Chase & Co. lowered their price objective on Genpact from $55.00 to $50.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft assumed coverage on Genpact in a report on Thursday, July 17th. They set a “hold” rating and a $47.00 target price for the company. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Genpact in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $51.13.

Genpact Profile

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.