Genpact Limited (NYSE:G) CEO Balkrishan Kalra Sells 9,000 Shares

Genpact Limited (NYSE:G) CEO Balkrishan Kalra sold 9,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was sold at an average price of $46.40, for a total transaction of $417,600.00. Following the sale, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at approximately $12,407,545.60. This trade represents a 3.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Genpact Stock Up 0.4 %

Shares of NYSE:G traded up $0.18 during midday trading on Tuesday, reaching $46.82. The company had a trading volume of 988,222 shares, compared to its average volume of 1,348,769. The stock has a market capitalization of $8.26 billion, a P/E ratio of 12.81, a PEG ratio of 1.59 and a beta of 1.13. The stock’s fifty day moving average price is $40.53 and its 200-day moving average price is $36.66. 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 one year low of $30.23 and a one year high of $47.98.

Genpact Announces Dividend

The business also recently announced 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 of this dividend is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.30%. Genpact’s dividend payout ratio (DPR) is presently 16.76%.

Analysts Set New Price Targets

A number of brokerages have recently commented on G. Jefferies Financial Group raised their target price on shares of Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research note on Monday, September 9th. BMO Capital Markets raised their price objective on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. JPMorgan Chase & Co. boosted their price target on 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 increased their price objective 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, 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 research report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $42.33.

Hedge Funds Weigh In On Genpact

Large investors have recently modified their holdings of the stock. Advisors Asset Management Inc. increased its stake in Genpact by 3.4% during 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 last quarter. Lecap Asset Management Ltd. raised its stake in Genpact by 2.1% during the third quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider’s stock worth $708,000 after acquiring an additional 364 shares during the period. Suncoast Equity Management lifted its holdings in Genpact by 3.1% in the third 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 during the last quarter. Sawyer & Company Inc boosted its stake in Genpact by 1.1% in the third quarter. Sawyer & Company Inc now owns 36,243 shares of the business services provider’s stock valued at $1,421,000 after acquiring an additional 400 shares during the period. Finally, United Services Automobile Association grew its holdings in shares of Genpact by 3.3% during the second 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 during the last quarter. Institutional investors own 96.03% of the company’s stock.

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.