Genpact Limited (G) Insider N. V. Tyagarajan Sells 77,619 Shares

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.

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

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