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 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 legal filing with the Securities & Exchange Commission, which is accessible through this link.
Genpact Limited (NYSE G) traded up $0.17 during midday trading on Friday, reaching $32.22. 1,850,000 shares of the company’s stock traded hands, compared to its average volume of 1,220,000. The stock has a market capitalization of $6,220.00, a price-to-earnings ratio of 20.92, a P/E/G ratio of 2.20 and a beta of 0.58. The company has a quick ratio of 1.65, a current ratio of 1.65 and a debt-to-equity ratio of 0.77. Genpact Limited has a fifty-two week low of $23.34 and a fifty-two week high of $32.65.
Genpact (NYSE:G) last announced its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.10. The firm had revenue of $708.82 million for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.37 earnings per share. analysts forecast that Genpact Limited will post 1.47 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Friday, December 8th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, December 7th. Genpact’s dividend payout ratio (DPR) is presently 17.39%.
A number of equities analysts recently commented on the stock. Robert W. Baird reissued a “buy” rating and issued a $38.00 price objective on shares of Genpact in a research note on Friday, November 10th. Cowen reissued a “buy” rating and issued a $33.00 price objective on shares of Genpact in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Genpact from a “sell” rating to a “hold” rating and set a $35.00 price objective for the company in a research note on Friday, November 10th. SunTrust Banks reissued a “buy” rating and issued a $34.00 price objective on shares of Genpact in a research note on Monday, October 9th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Genpact in a report on Friday, October 6th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $33.38.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Parametric Portfolio Associates LLC grew its holdings in shares of Genpact by 3.7% during the third quarter. Parametric Portfolio Associates LLC now owns 652,408 shares of the business services provider’s stock valued at $18,757,000 after buying an additional 23,563 shares during the last quarter. Visionary Asset Management Inc. acquired a new position in Genpact during the third quarter valued at $232,000. GSA Capital Partners LLP acquired a new position in Genpact during the third quarter valued at $628,000. Hahn Capital Management LLC lifted its position in Genpact by 1.0% during the third quarter. Hahn Capital Management LLC now owns 842,242 shares of the business services provider’s stock valued at $24,214,000 after purchasing an additional 8,176 shares during the period. Finally, California Public Employees Retirement System lifted its position in Genpact by 17.5% during the third quarter. California Public Employees Retirement System now owns 454,583 shares of the business services provider’s stock valued at $13,069,000 after purchasing an additional 67,783 shares during the period. 91.16% of the stock is currently owned by hedge funds and other institutional investors.
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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