Edgestream Partners L.P. Has $4.25 Million Position in Genpact Limited $G

Edgestream Partners L.P. increased its stake in shares of Genpact Limited (NYSE:G) by 862.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,167 shares of the business services provider’s stock after acquiring an additional 102,309 shares during the quarter. Edgestream Partners L.P.’s holdings in Genpact were worth $4,253,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Qsemble Capital Management LP acquired a new position in shares of Genpact during the fourth quarter valued at about $3,258,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of 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 in the last quarter. Beaumont Financial Advisors LLC boosted its position in shares of Genpact by 19.6% during the 4th quarter. Beaumont Financial Advisors LLC now owns 82,048 shares of the business services provider’s stock worth $3,838,000 after purchasing an additional 13,425 shares in the last quarter. LSV Asset Management grew its stake in shares of Genpact by 15.1% in the 4th quarter. LSV Asset Management now owns 2,467,612 shares of the business services provider’s stock valued at $115,435,000 after buying an additional 324,345 shares during the period. Finally, Arbejdsmarkedets Tillaegspension acquired a new stake in shares of Genpact in the 4th quarter valued at about $23,777,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Stock Down 0.5%

Genpact stock opened at $35.17 on Friday. The firm has a market capitalization of $5.96 billion, a price-to-earnings ratio of 10.79, a price-to-earnings-growth ratio of 1.00 and a beta of 0.61. The firm’s fifty day moving average price is $30.89 and its two-hundred day moving average price is $35.61. Genpact Limited has a 1-year low of $26.85 and a 1-year high of $48.64. 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 (NYSE:G) last posted its earnings results on Tuesday, March 31st. The business services provider reported $0.98 EPS for the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. The company had revenue of $1.30 billion during the quarter. On average, equities research analysts predict that Genpact Limited will post 3.64 earnings per share for the current fiscal year.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a dividend of $0.1875 per share. The ex-dividend date is Thursday, September 10th. This represents a $0.75 dividend on an annualized basis and a yield of 2.1%. Genpact’s payout ratio is 23.01%.

Analysts Set New Price Targets

A number of analysts recently commented on G shares. TD Cowen decreased their target price on Genpact from $47.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Deutsche Bank Aktiengesellschaft set a $31.00 price target on Genpact in a report on Friday, July 10th. Weiss Ratings cut Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. Citigroup decreased their price objective on Genpact from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Finally, Robert W. Baird lowered their target price on Genpact from $45.00 to $38.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 7th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $40.25.

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.