Genpact Limited (NYSE:G) insider N. V. Tyagarajan sold 77,619 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $32.23, for a total transaction of $2,501,660.37. Following the sale, the insider now directly owns 244,755 shares of the company’s stock, valued at approximately $7,888,453.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Genpact Limited (NYSE G) traded up $0.44 during midday trading on Friday, hitting $32.33. 1,262,100 shares of the company’s stock were exchanged, compared to its average volume of 1,041,307. The stock has a market capitalization of $6,270.00, a PE ratio of 20.75, a P/E/G ratio of 2.18 and a beta of 0.58. Genpact Limited has a fifty-two week low of $23.34 and a fifty-two week high of $32.51. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.77.
Genpact (NYSE:G) last posted its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.10. The business had revenue of $708.82 million during the quarter, compared to analysts’ expectations of $685.25 million. Genpact had a net margin of 10.18% and a return on equity of 23.86%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the company posted $0.37 earnings per share. sell-side analysts forecast that Genpact Limited will post 1.47 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 8th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.74%. Genpact’s dividend payout ratio is currently 17.39%.
A number of equities research analysts recently commented on the stock. Robert W. Baird reissued a “buy” rating and set a $38.00 target price on shares of Genpact in a research report on Friday, November 10th. Cowen reissued a “buy” rating and set a $33.00 target price on shares of Genpact in a research report on Thursday, October 12th. Cantor Fitzgerald reissued a “buy” rating and set a $32.00 target price on shares of Genpact in a research report on Wednesday, September 13th. Zacks Investment Research cut shares of Genpact from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, BMO Capital Markets reissued a “hold” rating on shares of Genpact in a research report on Friday, October 6th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $33.38.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Visionary Asset Management Inc. acquired a new stake in shares of Genpact in the third quarter worth $232,000. GSA Capital Partners LLP acquired a new stake in shares of Genpact in the third quarter worth $628,000. Hahn Capital Management LLC increased its stake in shares of Genpact by 1.0% in the third quarter. Hahn Capital Management LLC now owns 842,242 shares of the business services provider’s stock worth $24,214,000 after acquiring an additional 8,176 shares during the period. California Public Employees Retirement System increased its stake in shares of Genpact by 17.5% in the third quarter. California Public Employees Retirement System now owns 454,583 shares of the business services provider’s stock worth $13,069,000 after acquiring an additional 67,783 shares during the period. Finally, Cubist Systematic Strategies LLC increased its stake in shares of Genpact by 173.7% in the third quarter. Cubist Systematic Strategies LLC now owns 32,926 shares of the business services provider’s stock worth $947,000 after acquiring an additional 20,895 shares during the period. 91.16% of the stock is owned by institutional investors and hedge funds.
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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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