Panagora Asset Management Inc. Acquires 371,814 Shares of Genpact Limited $G

Panagora Asset Management Inc. lifted its holdings in shares of Genpact Limited (NYSE:G) by 62.4% during the 4th quarter, Holdings Channel reports. The firm owned 967,459 shares of the business services provider’s stock after purchasing an additional 371,814 shares during the quarter. Panagora Asset Management Inc.’s holdings in Genpact were worth $45,258,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in G. Royal Bank of Canada boosted its position in shares of Genpact by 19.7% during the 1st quarter. Royal Bank of Canada now owns 121,705 shares of the business services provider’s stock valued at $6,131,000 after purchasing an additional 20,043 shares in the last quarter. Amundi bought a new stake in shares of Genpact during the 1st quarter valued at about $58,000. Goldman Sachs Group Inc. boosted its position in shares of Genpact by 20.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 353,074 shares of the business services provider’s stock valued at $17,788,000 after purchasing an additional 60,887 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Genpact by 12.4% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 511,627 shares of the business services provider’s stock valued at $25,776,000 after purchasing an additional 56,557 shares in the last quarter. Finally, Focus Partners Wealth boosted its holdings in Genpact by 10.3% in the first quarter. Focus Partners Wealth now owns 5,227 shares of the business services provider’s stock worth $263,000 after acquiring an additional 488 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Performance

Shares of G opened at $30.97 on Tuesday. 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 company has a market capitalization 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. Genpact Limited has a 12 month low of $28.78 and a 12 month high of $48.64.

Genpact (NYSE:G) last issued its quarterly earnings results on Tuesday, March 31st. The business services provider reported $0.98 EPS for the quarter. The company 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%. As a group, sell-side analysts forecast that Genpact Limited will post 3.64 earnings per share for the current year.

Genpact Announces Dividend

The firm also recently declared 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. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, June 10th. Genpact’s dividend payout ratio (DPR) is presently 23.01%.

Analysts Set New Price Targets

Several research analysts have issued reports on G shares. Mizuho cut their price target on Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, May 11th. Susquehanna cut their price target on Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price target on shares of Genpact in a report on Friday, May 8th. Weiss Ratings reiterated a “hold (c)” rating on shares of Genpact in a report on Friday, May 8th. Finally, Wall Street Zen lowered Genpact from a “buy” rating to a “hold” rating in a report on Saturday, March 14th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price 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.