Genpact Limited (NYSE:G) insider Private Ltd Gic sold 1,499,806 shares of the company’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of $30.26, for a total transaction of $45,384,129.56. The transaction was disclosed in a filing with the SEC, which is available at this link.
Genpact Limited (NYSE G) opened at $31.56 on Thursday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.65 and a quick ratio of 1.65. Genpact Limited has a 1-year low of $23.34 and a 1-year high of $31.93. The company has a market cap of $6,069.25, a price-to-earnings ratio of 20.42, a price-to-earnings-growth ratio of 2.15 and a beta of 0.58.
Genpact Limited (NYSE:G) last issued its quarterly earnings data 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 Limited had a net margin of 10.18% and a return on equity of 23.86%. The business had revenue of $708.82 million during the quarter, compared to analyst estimates of $685.25 million. During the same period in the prior year, the business earned $0.37 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. sell-side analysts predict that Genpact Limited will post 1.47 earnings per share for the current fiscal year.
A number of equities research analysts recently commented on the stock. Robert W. Baird reiterated a “buy” rating and set a $38.00 price target on shares of Genpact Limited in a report on Friday, November 10th. Zacks Investment Research upgraded shares of Genpact Limited from a “sell” rating to a “hold” rating and set a $35.00 price target for the company in a report on Friday, November 10th. Cantor Fitzgerald restated a “buy” rating and issued a $36.00 price objective on shares of Genpact Limited in a report on Wednesday, November 8th. Cowen and Company restated an “outperform” rating and issued a $33.00 price objective (up from $30.00) on shares of Genpact Limited in a report on Thursday, August 3rd. Finally, Wedbush initiated coverage on shares of Genpact Limited in a report on Thursday, August 3rd. They issued a “neutral” rating and a $33.00 price objective for the company. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Genpact Limited currently has a consensus rating of “Buy” and an average price target of $33.38.
Several large investors have recently added to or reduced their stakes in G. BlackRock Inc. grew its position in shares of Genpact Limited by 40.1% in the 2nd quarter. BlackRock Inc. now owns 10,761,151 shares of the business services provider’s stock worth $299,483,000 after buying an additional 3,080,741 shares during the period. UBS Asset Management Americas Inc. grew its position in shares of Genpact Limited by 2,300.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 832,103 shares of the business services provider’s stock worth $23,157,000 after buying an additional 797,436 shares during the period. Eaton Vance Management grew its position in shares of Genpact Limited by 185.4% in the 2nd quarter. Eaton Vance Management now owns 856,429 shares of the business services provider’s stock worth $23,834,000 after buying an additional 556,323 shares during the period. Schroder Investment Management Group grew its position in shares of Genpact Limited by 36.9% in the 2nd quarter. Schroder Investment Management Group now owns 1,294,338 shares of the business services provider’s stock worth $36,099,000 after buying an additional 348,626 shares during the period. Finally, Marathon Asset Management LLP grew its position in shares of Genpact Limited by 27.7% in 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 buying an additional 293,931 shares during the period. 92.50% of the stock is currently owned by hedge funds and other institutional investors.
About Genpact Limited
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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