Genpact (NYSE:G) Shares Gap Down - Should You Sell?

Genpact Limited (NYSE:G - Get Free Report) shares gapped down before the market opened on Wednesday . The stock had previously closed at $52.26, but opened at $51.00. Genpact shares last traded at $51.53, with a volume of 284,401 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Jefferies Financial Group upgraded shares of Genpact from a "hold" rating to a "buy" rating and lifted their price objective for the company from $44.00 to $55.00 in a report on Tuesday, January 21st. Robert W. Baird lifted their price objective on shares of Genpact from $44.00 to $48.00 and gave the company a "neutral" rating in a report on Friday, November 8th. Mizuho lifted their price objective on shares of Genpact from $45.00 to $55.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Needham & Company LLC lifted their price objective on shares of Genpact from $55.00 to $65.00 and gave the company a "buy" rating in a report on Friday, February 7th. Finally, TD Cowen upgraded shares of Genpact from a "hold" rating to a "buy" rating and lifted their price objective for the company from $45.00 to $60.00 in a report on Friday, February 7th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Genpact has an average rating of "Hold" and a consensus target price of $48.44.

Genpact Stock Performance

The business's 50-day moving average price is $48.91 and its 200-day moving average price is $43.86. 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 stock has a market cap of $9.11 billion, a PE ratio of 18.19, a P/E/G ratio of 1.84 and a beta of 1.20.

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Genpact (NYSE:G - Get Free Report) last issued its quarterly earnings data 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 return on equity of 22.50% and a net margin of 10.77%. As a group, equities research analysts expect that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, March 11th. This is a boost from Genpact's previous quarterly dividend of $0.15. This represents a $0.68 dividend on an annualized basis and a yield of 1.32%. Genpact's dividend payout ratio (DPR) is 23.94%.

Insider Buying and Selling

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly owns 267,404 shares in the company, valued at approximately $11,926,218.40. The trade was a 4.84 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Piyush Mehta sold 12,000 shares of the business's stock in a transaction on Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction of $513,960.00. Following the completion of the transaction, the senior vice president now owns 151,182 shares of the company's stock, valued at approximately $6,475,125.06. This represents a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is owned by company insiders.

Hedge Funds Weigh In On Genpact

Several large investors have recently made changes to their positions in G. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Genpact in the 3rd quarter valued at $250,000. Concurrent Investment Advisors LLC purchased a new stake in Genpact in the 3rd quarter worth $278,000. Tandem Investment Advisors Inc. purchased a new stake in Genpact in the 3rd quarter worth $17,025,000. Verdence Capital Advisors LLC purchased a new stake in Genpact in the 3rd quarter worth $352,000. Finally, Atria Investments Inc increased its holdings in Genpact by 43.9% in the 3rd quarter. Atria Investments Inc now owns 30,121 shares of the business services provider's stock worth $1,181,000 after acquiring an additional 9,192 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

About Genpact

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.