Genpact Limited (NYSE:G) Stock Holdings Increased by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC raised its holdings in shares of Genpact Limited (NYSE:G) by 49.4% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,905 shares of the business services provider’s stock after buying an additional 2,944 shares during the period. OneAscent Wealth Management LLC’s holdings in Genpact were worth $335,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. River Road Asset Management LLC purchased a new stake in Genpact during the first quarter valued at about $259,000. PNC Financial Services Group Inc. grew its position in Genpact by 7.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 6,921 shares of the business services provider’s stock worth $321,000 after purchasing an additional 495 shares in the last quarter. Inspire Investing LLC raised its stake in Genpact by 15.9% during the 1st quarter. Inspire Investing LLC now owns 5,898 shares of the business services provider’s stock valued at $273,000 after purchasing an additional 811 shares during the period. M&T Bank Corp raised its stake in Genpact by 19.8% during the 4th quarter. M&T Bank Corp now owns 9,824 shares of the business services provider’s stock valued at $393,000 after purchasing an additional 1,627 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Genpact by 15.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 920,253 shares of the business services provider’s stock worth $42,534,000 after buying an additional 125,690 shares during the period. Institutional investors and hedge funds own 96.33% of the company’s stock.

Genpact Stock Down 0.1 %

Shares of G stock traded down $0.05 on Friday, hitting $36.98. The company’s stock had a trading volume of 4,076,004 shares, compared to its average volume of 1,150,343. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 16.89, a P/E/G ratio of 1.42 and a beta of 1.18. Genpact Limited has a fifty-two week low of $35.31 and a fifty-two week high of $48.85. The firm’s fifty day moving average price is $37.20 and its 200-day moving average price is $40.01. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.88 and a quick ratio of 1.88.

Genpact (NYSE:G) last announced its quarterly earnings results on Wednesday, August 9th. The business services provider reported $0.60 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.60. The company had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Genpact had a return on equity of 25.06% and a net margin of 9.25%. Research analysts anticipate that Genpact Limited will post 2.57 EPS for the current year.

Genpact Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 26th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.1375 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $0.55 annualized dividend and a yield of 1.49%. Genpact’s dividend payout ratio (DPR) is presently 25.11%.

Insider Activity

In related news, CEO N. V. Tyagarajan sold 1,700 shares of the company’s stock in a transaction on Wednesday, August 16th. The shares were sold at an average price of $35.89, for a total transaction of $61,013.00. Following the completion of the sale, the chief executive officer now directly owns 8,300 shares of the company’s stock, valued at approximately $297,887. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Insiders own 2.62% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on G shares. JPMorgan Chase & Co. lowered Genpact from a “neutral” rating to an “underweight” rating and set a $40.00 price target on the stock. in a research report on Tuesday, August 22nd. BMO Capital Markets decreased their price target on shares of Genpact from $46.00 to $41.00 and set a “market perform” rating for the company in a report on Thursday, August 10th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Genpact from $48.00 to $37.00 in a research note on Thursday, August 10th. TheStreet cut shares of Genpact from a “b-” rating to a “c+” rating in a report on Friday, June 9th. Finally, Citigroup dropped their price target on shares of Genpact from $42.00 to $39.00 in a research note on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Genpact currently has an average rating of “Hold” and a consensus price target of $42.13.

About Genpact

Genpact Limited provides business process outsourcing and information technology (IT) services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The company offers CFO advisory services; and environmental, social, and governance (ESG) services, such as data management, carbon accounting, human rights assessment, sustainability diligence, and ESG reporting.