Rice Hall James & Associates LLC Makes New $12.09 Million Investment in Genpact Limited $G

Rice Hall James & Associates LLC bought a new position in Genpact Limited (NYSE:G) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 258,381 shares of the business services provider’s stock, valued at approximately $12,087,000. Rice Hall James & Associates LLC owned about 0.15% of Genpact at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of G. Dimensional Fund Advisors LP increased its holdings in shares of Genpact by 26.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,010,764 shares of the business services provider’s stock valued at $234,409,000 after acquiring an additional 1,032,554 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Genpact by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 4,330,116 shares of the business services provider’s stock valued at $210,391,000 after acquiring an additional 107,870 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Genpact by 17.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,762,407 shares of the business services provider’s stock valued at $157,609,000 after acquiring an additional 549,117 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Genpact by 3.8% during the 4th quarter. Franklin Resources Inc. now owns 3,508,847 shares of the business services provider’s stock valued at $164,144,000 after acquiring an additional 129,664 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Genpact by 170.4% during the 3rd quarter. AQR Capital Management LLC now owns 3,443,472 shares of the business services provider’s stock valued at $144,247,000 after acquiring an additional 2,170,145 shares during the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Genpact Price Performance

Shares of G stock opened at $30.97 on Tuesday. The stock has a 50 day moving average of $33.54 and a two-hundred day moving average of $39.49. 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 $28.78 and a 12 month high of $48.64. The company has a market capitalization of $5.25 billion, a P/E ratio of 9.50, a P/E/G ratio of 0.91 and a beta of 0.59.

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

Genpact Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be given a $0.1875 dividend. The ex-dividend date is Wednesday, June 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 currently 23.01%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on G shares. Wall Street Zen lowered Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Mizuho lowered their price objective on Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Susquehanna lowered 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. Weiss Ratings reissued a “hold (c)” rating on shares of Genpact in a report on Friday, May 8th. Finally, Robert W. Baird lowered their target price on Genpact from $54.00 to $45.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $43.29.

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.