Genpact Limited (NYSE:G - Get Free Report) CEO Balkrishan Kalra sold 13,600 shares of the firm's stock in a transaction on Thursday, March 13th. The shares were sold at an average price of $48.89, for a total value of $664,904.00. Following the sale, the chief executive officer now directly owns 310,246 shares of the company's stock, valued at $15,167,926.94. This represents a 4.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Genpact Price Performance
Genpact stock traded up $0.77 during midday trading on Friday, reaching $50.12. The company's stock had a trading volume of 927,654 shares, compared to its average volume of 1,511,066. Genpact Limited has a 52 week low of $30.23 and a 52 week high of $56.76. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The business has a 50-day moving average price of $49.57 and a 200-day moving average price of $44.30. The stock has a market cap of $8.80 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.84 and a beta of 1.16.
Genpact (NYSE:G - Get Free Report) last released its earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.50%. On average, sell-side analysts predict that Genpact Limited will post 3.21 EPS for the current year.
Genpact Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.17 per share. This is a boost from Genpact's previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Tuesday, March 11th. Genpact's payout ratio is 23.94%.
Analyst Ratings Changes
G has been the subject of a number of research reports. Mizuho lifted their target price on Genpact from $45.00 to $55.00 and gave the stock a "neutral" rating in a report on Monday, February 10th. Needham & Company LLC lifted their target price on Genpact from $55.00 to $65.00 and gave the stock a "buy" rating in a report on Friday, February 7th. TD Cowen raised Genpact from a "hold" rating to a "buy" rating and lifted their target price for the stock from $45.00 to $60.00 in a report on Friday, February 7th. Finally, Jefferies Financial Group raised Genpact from a "hold" rating to a "buy" rating and lifted their target price for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $48.44.
Get Our Latest Research Report on Genpact
Institutional Trading of Genpact
Several hedge funds and other institutional investors have recently made changes to their positions in G. Coppell Advisory Solutions LLC lifted its stake in shares of Genpact by 529.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock worth $25,000 after acquiring an additional 503 shares during the period. SRH Advisors LLC acquired a new position in shares of Genpact in the fourth quarter worth approximately $26,000. Atlas Capital Advisors Inc. lifted its stake in shares of Genpact by 55.8% in the fourth quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider's stock worth $26,000 after acquiring an additional 216 shares during the period. Manchester Capital Management LLC acquired a new position in shares of Genpact in the fourth quarter worth approximately $38,000. Finally, GeoWealth Management LLC lifted its stake in shares of Genpact by 199.0% in the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock worth $38,000 after acquiring an additional 583 shares during the period. 96.03% of the stock is currently owned by institutional investors.
About Genpact
(
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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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