Wed Sep 25 09:44:42 UTC 2024: ## Genpact Sees Increased Institutional Interest Amidst Positive Analyst Sentiment
**New York, NY** – Genpact Limited (NYSE: G), a leading provider of business process outsourcing and information technology services, has seen an uptick in institutional investment during the second quarter. Mercer Global Advisors Inc. ADV, a prominent investment firm, boosted its stake in Genpact by 18.4%, acquiring an additional 7,911 shares.
This move follows a similar trend among other institutional investors. UBS Group AG, Wells Fargo & Company MN, and Corient Private Wealth LLC also increased their positions in the company during the fourth quarter of 2024.
The growing institutional interest comes alongside a positive outlook from analysts. TD Cowen, Jefferies Financial Group, Needham & Company LLC, JPMorgan Chase & Co., and BMO Capital Markets have all recently raised their price targets on Genpact, with several analysts citing its strong financial performance as a driver for their bullish sentiment.
Genpact reported impressive earnings for the second quarter, exceeding analysts’ expectations with $0.69 earnings per share and $1.18 billion in revenue. The company’s strong performance was further highlighted by its recent announcement of a quarterly dividend of $0.1525, marking a 1.56% yield.
Genpact’s stock opened at $39.01 on Wednesday, reflecting the positive market sentiment surrounding the company. With a market cap of $7.02 billion and a “Hold” rating from analysts, Genpact continues to be a focus for investors seeking exposure to the business process outsourcing and information technology sectors.
First Piper 