Genpact Limited $G Stock Position Increased by Franklin Resources Inc.

Franklin Resources Inc. lifted its position in Genpact Limited (NYSE:G) by 3.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,508,847 shares of the business services provider’s stock after buying an additional 129,664 shares during the period. Franklin Resources Inc.’s holdings in Genpact were worth $164,144,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of G. Geode Capital Management LLC grew its holdings in shares of Genpact by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 4,330,116 shares of the business services provider’s stock worth $210,391,000 after acquiring an additional 107,870 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Genpact by 8.7% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,978,210 shares of the business services provider’s stock worth $166,651,000 after acquiring an additional 319,861 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Genpact by 17.1% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,762,407 shares of the business services provider’s stock worth $157,609,000 after acquiring an additional 549,117 shares during the last quarter. AQR Capital Management LLC grew its holdings in shares of Genpact by 170.4% in the 3rd quarter. AQR Capital Management LLC now owns 3,443,472 shares of the business services provider’s stock worth $144,247,000 after acquiring an additional 2,170,145 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Genpact by 0.4% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,594,152 shares of the business services provider’s stock worth $121,354,000 after acquiring an additional 9,546 shares during the last quarter. Institutional investors own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on G shares. Robert W. Baird decreased 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. Wall Street Zen cut Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. Susquehanna decreased their target price on Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Citigroup decreased their target price on Genpact from $43.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Finally, Mizuho decreased their target price on Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. One research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $43.29.

Genpact Price Performance

G opened at $32.23 on Thursday. The stock has a market cap of $5.46 billion, a price-to-earnings ratio of 9.89, a PEG ratio of 0.92 and a beta of 0.58. Genpact Limited has a 1 year low of $28.78 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. The stock has a fifty day moving average price of $33.88 and a 200 day moving average price of $39.76.

Genpact (NYSE:G) last released its quarterly earnings data on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (EPS) for the quarter. The firm had revenue of $1.30 billion during the quarter. Genpact had a return on equity of 22.70% and a net margin of 11.04%. Analysts forecast that Genpact Limited will post 3.64 EPS for the current fiscal year.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be given a $0.1875 dividend. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.3%. Genpact’s payout ratio is currently 23.01%.

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.