Panagora Asset Management Inc. Has $45.26 Million Stock Position in Genpact Limited $G

Panagora Asset Management Inc. lifted its holdings in shares of Genpact Limited (NYSE:G) by 62.4% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 967,459 shares of the business services provider’s stock after buying an additional 371,814 shares during the period. Panagora Asset Management Inc. owned about 0.56% of Genpact worth $45,258,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Genpact by 2.6% in the 4th quarter. GAMMA Investing LLC now owns 9,637 shares of the business services provider’s stock worth $451,000 after purchasing an additional 241 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in shares of Genpact by 47.5% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 823 shares of the business services provider’s stock valued at $39,000 after purchasing an additional 265 shares in the last quarter. Verdence Capital Advisors LLC boosted its stake in shares of Genpact by 2.3% during the fourth quarter. Verdence Capital Advisors LLC now owns 12,082 shares of the business services provider’s stock valued at $565,000 after purchasing an additional 271 shares in the last quarter. AlphaCore Capital LLC boosted its stake in shares of Genpact by 2.4% during the fourth quarter. AlphaCore Capital LLC now owns 11,634 shares of the business services provider’s stock valued at $544,000 after purchasing an additional 272 shares in the last quarter. Finally, Flynn Zito Capital Management LLC boosted its stake in shares of Genpact by 4.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 6,142 shares of the business services provider’s stock valued at $287,000 after purchasing an additional 288 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

Genpact Trading Down 3.4%

Shares of G stock opened at $30.97 on Tuesday. The stock has a market cap of $5.25 billion, a price-to-earnings ratio of 9.50, a PEG ratio of 0.91 and a beta of 0.59. The stock has a 50-day moving average of $33.54 and a 200-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 1-year low of $28.78 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. 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. On average, equities research analysts forecast that Genpact Limited will post 3.64 earnings per share for the current year.

Genpact Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be given a dividend of $0.1875 per share. The ex-dividend date is Wednesday, June 10th. This represents a $0.75 annualized dividend and a dividend yield of 2.4%. Genpact’s dividend payout ratio is presently 23.01%.

Analysts Set New Price Targets

A number of brokerages have recently commented on G. Weiss Ratings reissued a “hold (c)” rating on shares of Genpact in a research note on Friday, May 8th. Needham & Company LLC reissued a “buy” rating and set a $50.00 price target on shares of Genpact in a research note on Friday, May 8th. Mizuho cut their price target on Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Citigroup cut their price target on Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, May 11th. Finally, Wall Street Zen lowered Genpact from a “buy” rating to a “hold” rating in a research note on Saturday, March 14th. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $43.29.

About Genpact

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.