Genpact (NYSE:G) Shares Gap Up Following Earnings Beat

by · The Cerbat Gem

Genpact Limited (NYSE:G – Get Free Report) shares gapped up prior to trading on Friday following a stronger than expected earnings report. The stock had previously closed at $38.39, but opened at $43.09. Genpact shares last traded at $45.03, with a volume of 551,505 shares traded.

The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.90 by $0.07. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $1.27 billion. Genpact had a return on equity of 22.15% and a net margin of 10.92%.The business’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same period last year, the business posted $0.85 earnings per share. Genpact has set its FY 2025 guidance at 3.600-3.610 EPS. Q4 2025 guidance at 0.930-0.940 EPS.

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 23rd. Investors of record on Tuesday, December 9th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, December 9th. This represents a $0.68 annualized dividend and a yield of 1.5%. Genpact’s dividend payout ratio (DPR) is 22.59%.

Wall Street Analyst Weigh In

G has been the topic of a number of analyst reports. Citigroup raised shares of Genpact to a “hold” rating in a report on Thursday, October 23rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Genpact in a research report on Wednesday, October 8th. Needham & Company LLC upped their price target on Genpact from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Friday, August 8th. JPMorgan Chase & Co. cut their price target on shares of Genpact from $55.00 to $50.00 and set a “neutral” rating for the company in a report on Wednesday, August 20th. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of Genpact in a report on Thursday, July 17th. They issued a “hold” rating and a $47.00 price target on the stock. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $51.13.

View Our Latest Analysis on Genpact

Insider Transactions at Genpact

In other news, CEO Balkrishan Kalra sold 55,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $43.36, for a total transaction of $2,384,800.00. Following the transaction, the chief executive officer directly owned 295,246 shares of the company’s stock, valued at approximately $12,801,866.56. This trade represents a 15.70% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Piyush Mehta sold 76,902 shares of the business’s stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $42.58, for a total value of $3,274,487.16. Following the completion of the sale, the senior vice president owned 134,880 shares of the company’s stock, valued at $5,743,190.40. The trade was a 36.31% decrease in their position. The disclosure for this sale is available in the SEC filing. 3.07% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Genpact

A number of institutional investors have recently added to or reduced their stakes in the stock. Cornerstone Planning Group LLC purchased a new stake in shares of Genpact during the first quarter valued at about $27,000. Private Trust Co. NA raised its stake in shares of Genpact by 364.2% during the 3rd quarter. Private Trust Co. NA now owns 636 shares of the business services provider’s stock worth $27,000 after acquiring an additional 499 shares in the last quarter. Quent Capital LLC purchased a new stake in Genpact during the third quarter valued at approximately $27,000. Westside Investment Management Inc. boosted its stake in Genpact by 193.5% in the third quarter. Westside Investment Management Inc. now owns 678 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 447 shares in the last quarter. Finally, Shell Asset Management Co. acquired a new stake in Genpact in the third quarter valued at approximately $33,000. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Up 15.8%

The company’s fifty day simple moving average is $41.15 and its 200-day simple moving average is $43.37. The firm has a market capitalization of $7.75 billion, a PE ratio of 14.76, a price-to-earnings-growth ratio of 1.33 and a beta of 0.85. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.53 and a quick ratio of 1.53.

About Genpact

(Get 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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