Fideuram Intesa Sanpaolo Private Banking S.P.A. Makes New Investment in Genpact Limited $G

Fideuram Intesa Sanpaolo Private Banking S.P.A. purchased a new stake in Genpact Limited (NYSE:G) in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 67,801 shares of the business services provider’s stock, valued at approximately $2,526,000.

Other hedge funds also recently made changes to their positions in the company. Qsemble Capital Management LP bought a new stake in shares of Genpact during the 4th quarter worth $3,258,000. Dimensional Fund Advisors LP raised its position in shares of Genpact by 8.7% during the third quarter. Dimensional Fund Advisors LP now owns 3,978,210 shares of the business services provider’s stock worth $166,651,000 after purchasing an additional 319,861 shares during the period. Causeway Capital Management LLC raised its position in shares of Genpact by 31.3% during the third quarter. Causeway Capital Management LLC now owns 1,878,432 shares of the business services provider’s stock worth $78,687,000 after purchasing an additional 447,261 shares during the period. Bank of Montreal Can lifted its holdings in shares of Genpact by 3.9% during the third quarter. Bank of Montreal Can now owns 1,465,815 shares of the business services provider’s stock valued at $61,403,000 after purchasing an additional 55,081 shares during the last quarter. Finally, Kennedy Capital Management LLC lifted its holdings in shares of Genpact by 44.2% during the third quarter. Kennedy Capital Management LLC now owns 501,024 shares of the business services provider’s stock valued at $20,988,000 after purchasing an additional 153,671 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on G shares. Citigroup cut their price objective on Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Mizuho dropped their target price on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Needham & Company LLC restated a “buy” rating and set a $50.00 price target on shares of Genpact in a report on Friday, May 8th. Wall Street Zen lowered shares of Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. Finally, Weiss Ratings cut shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, Genpact currently has a consensus rating of “Hold” and a consensus price target of $43.29.

Genpact Stock Performance

NYSE:G opened at $29.09 on Friday. The company has a current ratio of 1.69, a quick ratio of 1.69 and a debt-to-equity ratio of 0.47. The firm’s fifty day simple moving average is $31.35 and its 200 day simple moving average is $37.88. The firm has a market capitalization of $4.93 billion, a PE ratio of 8.92, a PEG ratio of 0.82 and a beta of 0.61. Genpact Limited has a 1 year low of $26.85 and a 1 year high of $48.64.

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

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were paid a $0.1875 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $0.75 annualized dividend and a yield of 2.6%. Genpact’s payout ratio is currently 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.