Genpact Limited (NYSE:G) insider N. V. Tyagarajan sold 77,619 shares of Genpact stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $32.23, for a total value of $2,501,660.37. Following the completion of the sale, the insider now directly owns 244,755 shares in the company, valued at approximately $7,888,453.65. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Genpact Limited (NYSE G) opened at $32.55 on Monday. The firm has a market capitalization of $6,283.52, a P/E ratio of 21.14, a price-to-earnings-growth ratio of 2.22 and a beta of 0.58. Genpact Limited has a 1 year low of $23.34 and a 1 year high of $32.65. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.65 and a current ratio of 1.65.
Genpact (NYSE:G) last issued its earnings results on Tuesday, November 7th. The business services provider reported $0.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.10. Genpact had a return on equity of 23.86% and a net margin of 10.18%. The company had revenue of $708.82 million during the quarter, compared to the consensus estimate of $685.25 million. During the same period in the previous year, the company posted $0.37 EPS. The firm’s revenue for the quarter was up 9.3% compared to the same quarter last year. sell-side analysts forecast that Genpact Limited will post 1.47 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 8th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.24 annualized dividend and a dividend yield of 0.74%. Genpact’s dividend payout ratio is currently 17.39%.
Hedge funds and other institutional investors have recently modified their holdings of the company. Riverhead Capital Management LLC bought a new position in shares of Genpact during the 2nd quarter worth approximately $886,000. Voya Investment Management LLC boosted its stake in shares of Genpact by 97.9% during the 2nd quarter. Voya Investment Management LLC now owns 112,834 shares of the business services provider’s stock worth $3,140,000 after acquiring an additional 55,809 shares during the period. Dalton Investments LLC boosted its stake in shares of Genpact by 6.0% during the 2nd quarter. Dalton Investments LLC now owns 839,960 shares of the business services provider’s stock worth $23,376,000 after acquiring an additional 47,300 shares during the period. Marathon Asset Management LLP boosted its stake in shares of Genpact by 27.7% during the 3rd quarter. Marathon Asset Management LLP now owns 1,356,597 shares of the business services provider’s stock worth $39,002,000 after acquiring an additional 293,931 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Genpact by 184.8% during the 3rd quarter. First Trust Advisors LP now owns 220,560 shares of the business services provider’s stock worth $6,341,000 after acquiring an additional 143,128 shares during the period. Institutional investors own 91.16% of the company’s stock.
Several research analysts have weighed in on G shares. BidaskClub lowered Genpact from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, August 16th. Cowen set a $33.00 price target on Genpact and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Robert W. Baird reaffirmed a “buy” rating and set a $34.00 price target on shares of Genpact in a research report on Monday, September 25th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $32.00 price target on shares of Genpact in a research report on Wednesday, September 13th. Finally, SunTrust Banks reaffirmed a “buy” rating and set a $34.00 price target on shares of Genpact in a research report on Monday, October 9th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Genpact presently has an average rating of “Buy” and an average price target of $33.38.
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Genpact Company Profile
Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.
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