Counterpoint Mutual Funds LLC Acquires Shares of 113,021 Genpact Limited $G

Counterpoint Mutual Funds LLC acquired a new position in shares of Genpact Limited (NYSE:G) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 113,021 shares of the business services provider’s stock, valued at approximately $4,210,000.

Other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC lifted its holdings in shares of Genpact by 2.6% during the fourth 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 during the period. Northwestern Mutual Wealth Management Co. increased its holdings in Genpact by 47.5% in 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 during the period. Verdence Capital Advisors LLC increased its holdings in Genpact by 2.3% in 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 during the period. AlphaCore Capital LLC raised its position in Genpact by 2.4% during the 4th quarter. AlphaCore Capital LLC now owns 11,634 shares of the business services provider’s stock worth $544,000 after purchasing an additional 272 shares during the last quarter. Finally, Flynn Zito Capital Management LLC raised its position in Genpact by 4.9% during the 4th quarter. Flynn Zito Capital Management LLC now owns 6,142 shares of the business services provider’s stock worth $287,000 after purchasing an additional 288 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on G shares. Wall Street Zen lowered Genpact from a “buy” rating to a “hold” rating in a research report on Saturday, March 14th. Mizuho lowered their price objective on Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a research report on Monday, May 11th. Susquehanna cut their price objective on Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 target price on shares of Genpact in a report on Friday, May 8th. Finally, Robert W. Baird reduced 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 analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, Genpact presently has an average rating of “Hold” and an average target price of $43.29.

Genpact Price Performance

Shares of NYSE G opened at $29.09 on Friday. The company has a market capitalization of $4.93 billion, a PE ratio of 8.92, a P/E/G ratio of 0.82 and a beta of 0.61. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 0.47. Genpact Limited has a twelve month low of $26.85 and a twelve month high of $48.64. The firm has a fifty day simple moving average of $31.35 and a 200 day simple moving average of $37.88.

Genpact (NYSE:G) last issued its quarterly 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 business had revenue of $1.30 billion for the quarter. On average, sell-side analysts forecast that Genpact Limited will post 3.64 EPS for the current year.

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th were paid a $0.1875 dividend. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, June 10th. 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.