Genpact Limited (G) Insider Sells $2,501,660.37 in Stock

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.

Insider Buying and Selling by Quarter for Genpact (NYSE:G)

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