Genpact Limited (NYSE:G - Get Free Report) CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction on Friday, December 13th. The shares were sold at an average price of $44.60, for a total transaction of $606,560.00. Following the transaction, the chief executive officer now owns 267,404 shares in the company, valued at approximately $11,926,218.40. This trade represents a 4.84 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Balkrishan Kalra also recently made the following trade(s):
- On Monday, November 25th, Balkrishan Kalra sold 9,000 shares of Genpact stock. The shares were sold at an average price of $46.40, for a total transaction of $417,600.00.
Genpact Stock Performance
Genpact stock traded down $0.39 during mid-day trading on Tuesday, reaching $43.25. 1,065,250 shares of the company traded hands, compared to its average volume of 1,350,950. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85. Genpact Limited has a fifty-two week low of $30.23 and a fifty-two week high of $47.98. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 11.90, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18. The firm's fifty day moving average is $42.46 and its two-hundred day moving average is $37.89.
Genpact Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be paid a $0.1525 dividend. The ex-dividend date is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.41%. Genpact's payout ratio is currently 16.76%.
Institutional Trading of Genpact
A number of hedge funds and other institutional investors have recently made changes to their positions in G. CWM LLC increased its stake in shares of Genpact by 160.8% in the second quarter. CWM LLC now owns 952 shares of the business services provider's stock worth $31,000 after acquiring an additional 587 shares during the period. Nisa Investment Advisors LLC boosted its holdings in Genpact by 329.6% during the second quarter. Nisa Investment Advisors LLC now owns 10,525 shares of the business services provider's stock worth $339,000 after buying an additional 8,075 shares in the last quarter. Lecap Asset Management Ltd. purchased a new stake in Genpact during the second quarter worth $570,000. Retirement Systems of Alabama boosted its holdings in Genpact by 1.7% during the second quarter. Retirement Systems of Alabama now owns 449,845 shares of the business services provider's stock worth $14,481,000 after buying an additional 7,645 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Genpact by 8.9% during the second quarter. Bank of New York Mellon Corp now owns 1,512,259 shares of the business services provider's stock worth $48,680,000 after buying an additional 122,993 shares in the last quarter. Institutional investors and hedge funds own 96.03% of the company's stock.
Analyst Ratings Changes
A number of analysts have recently weighed in on the stock. Jefferies Financial Group boosted their target price on shares of Genpact from $35.00 to $40.00 and gave the stock a "hold" rating in a report on Monday, September 9th. Robert W. Baird boosted their target price on shares of Genpact from $44.00 to $48.00 and gave the stock a "neutral" rating in a report on Friday, November 8th. TD Cowen boosted their target price on shares of Genpact from $40.00 to $45.00 and gave the stock a "hold" rating in a report on Friday, November 8th. JPMorgan Chase & Co. boosted their target price on shares of Genpact from $35.00 to $43.00 and gave the stock a "neutral" rating in a report on Friday, September 6th. Finally, Needham & Company LLC boosted their target price on shares of Genpact from $42.00 to $55.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Genpact presently has an average rating of "Hold" and an average price target of $42.33.
Get Our Latest Stock Analysis on Genpact
Genpact Company Profile
(
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Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.
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