Short Interest in Genpact Limited (NYSE:G) Declines By 8.5%

Genpact Limited (NYSE:G - Get Free Report) saw a large decline in short interest in December. As of December 15th, there was short interest totalling 5,510,000 shares, a decline of 8.5% from the November 30th total of 6,020,000 shares. Approximately 3.4% of the company's stock are sold short. Based on an average trading volume of 1,320,000 shares, the short-interest ratio is currently 4.2 days.

Insiders Place Their Bets

In other news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $44.60, for a total value 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 represents a 4.84 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 23,058 shares of company stock worth $1,044,715 in the last 90 days. Corporate insiders own 2.80% of the company's stock.

Institutional Trading of Genpact

Several hedge funds have recently modified their holdings of G. Advisors Asset Management Inc. lifted its stake in shares of Genpact by 3.4% in the third quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider's stock valued at $270,000 after purchasing an additional 226 shares during the period. Lecap Asset Management Ltd. lifted its position in shares of Genpact by 2.1% during the 3rd quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider's stock valued at $708,000 after acquiring an additional 364 shares during the period. Suncoast Equity Management boosted its stake in shares of Genpact by 3.1% during the 3rd quarter. Suncoast Equity Management now owns 12,600 shares of the business services provider's stock worth $494,000 after acquiring an additional 375 shares in the last quarter. Sawyer & Company Inc grew its holdings in shares of Genpact by 1.1% in the 3rd quarter. Sawyer & Company Inc now owns 36,243 shares of the business services provider's stock worth $1,421,000 after acquiring an additional 400 shares during the period. Finally, United Services Automobile Association increased its stake in Genpact by 3.3% in the 2nd quarter. United Services Automobile Association now owns 13,388 shares of the business services provider's stock valued at $431,000 after purchasing an additional 433 shares in the last quarter. 96.03% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Robert W. Baird boosted their target price on Genpact from $44.00 to $48.00 and gave the company a "neutral" rating in a report on Friday, November 8th. TD Cowen boosted their price objective on Genpact from $40.00 to $45.00 and gave the company a "hold" rating in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their target price on shares of Genpact from $35.00 to $43.00 and gave the stock a "neutral" rating in a research report on Friday, September 6th. Needham & Company LLC upped their price target on shares of Genpact from $42.00 to $55.00 and gave the company a "buy" rating in a research report on Monday, November 11th. Finally, Jefferies Financial Group raised their price objective on shares of Genpact from $35.00 to $40.00 and gave the stock a "hold" rating in a research report on Monday, September 9th. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, Genpact has a consensus rating of "Hold" and an average target price of $42.33.

Genpact Stock Performance

Shares of G stock traded up $0.31 during mid-day trading on Wednesday, hitting $42.95. The stock had a trading volume of 705,212 shares, compared to its average volume of 1,354,838. The firm has a market cap of $7.57 billion, a PE ratio of 11.80, a PEG ratio of 1.56 and a beta of 1.17. The company's 50-day simple moving average is $43.40 and its 200-day simple moving average is $38.71. 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 has a fifty-two week low of $30.23 and a fifty-two week high of $47.98.

Genpact Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were given a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Monday, December 9th. Genpact's payout ratio is 16.76%.

Genpact Company Profile

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.