UBS Group AG Increases Position in Genpact Limited (NYSE:G) (2024)

UBS Group AG lifted its holdings in shares of Genpact Limited (NYSE:G – Free Report) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 518,105 shares of the business services provider’s stock after acquiring an additional 15,770 shares during the quarter. UBS Group AG owned 0.29% of Genpact worth $17,983,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. EdgeRock Capital LLC purchased a new stake in shares of Genpact during the fourth quarter worth about $25,000. GAMMA Investing LLC bought a new position in shares of Genpact in the fourth quarter valued at $43,000. Covestor Ltd increased its holdings in shares of Genpact by 140.2% in the third quarter. Covestor Ltd now owns 1,549 shares of the business services provider’s stock valued at $56,000 after buying an additional 904 shares in the last quarter. Lindbrook Capital LLC increased its holdings in shares of Genpact by 16.0% in the fourth quarter. Lindbrook Capital LLC now owns 3,020 shares of the business services provider’s stock valued at $105,000 after buying an additional 416 shares in the last quarter. Finally, Flynn Zito Capital Management LLC purchased a new position in Genpact during the 4th quarter worth approximately $206,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on G shares. StockNews.com cut shares of Genpact from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Citigroup decreased their price objective on shares of Genpact from $36.00 to $33.00 and set a “neutral” rating for the company in a report on Monday, April 22nd. Wedbush reiterated a “neutral” rating and issued a $35.00 price objective on shares of Genpact in a report on Friday, May 10th. BMO Capital Markets cut their target price on shares of Genpact from $39.00 to $38.00 and set a “market perform” rating for the company in a research report on Friday, May 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of Genpact in a research report on Friday, May 10th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $38.00.

Get Our Latest Analysis on G

Genpact Stock Down 1.2 %

Shares of G opened at $32.56 on Friday. The firm has a market capitalization of $5.86 billion, a P/E ratio of 9.30, a P/E/G ratio of 1.56 and a beta of 1.07. The company has a 50-day simple moving average of $32.33 and a 200-day simple moving average of $33.86. Genpact Limited has a 52 week low of $29.41 and a 52 week high of $39.75. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.54 and a current ratio of 1.54.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 26th. Investors of record on Monday, June 10th will be paid a $0.153 dividend. The ex-dividend date of this dividend is Monday, June 10th. This represents a $0.61 dividend on an annualized basis and a yield of 1.88%. Genpact’s payout ratio is currently 17.43%.

Genpact Company Profile

(Free Report)

Genpact Limited provides business process outsourcing and information technology 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 Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.

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