Genpact Limited (NYSE:G) CEO Sells $606,560.00 in Stock

Genpact Limited (NYSE:G) CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction on Friday, December 13th. The stock was sold at an average price of $44.60, for a total value of $606,560.00. Following the sale, the chief executive officer now owns 267,404 shares in the company, valued at $11,926,218.40. This trade represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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 value of $417,600.00.

Genpact Stock Up 0.5 %

Shares of NYSE:G opened at $42.30 on Friday. The firm has a fifty day moving average price of $42.69 and a two-hundred day moving average price of $38.02. The company has a market cap of $7.46 billion, a price-to-earnings ratio of 11.62, a PEG ratio of 1.56 and a beta of 1.18. 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 firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a yield of 1.44%. The ex-dividend date is Monday, December 9th. Genpact’s dividend payout ratio is 16.76%.

Analysts Set New Price Targets

A number of research firms recently issued reports on G. Robert W. Baird raised their price objective on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Needham & Company LLC lifted their price target on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, November 11th. TD Cowen upped 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 Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, Jefferies Financial Group upped their price target on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a research report on Monday, September 9th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Genpact currently has a consensus rating of “Hold” and an average target price of $42.33.

Hedge Funds Weigh In On Genpact

A number of institutional investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its holdings in shares of Genpact by 6.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,148,185 shares of the business services provider’s stock worth $162,318,000 after buying an additional 252,674 shares during the last quarter. Geode Capital Management LLC increased its stake in Genpact by 12.6% in the third quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock valued at $148,142,000 after acquiring an additional 413,646 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Genpact by 34.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock valued at $107,065,000 after purchasing an additional 847,249 shares in the last quarter. Vulcan Value Partners LLC lifted its stake in Genpact by 22.2% during the second quarter. Vulcan Value Partners LLC now owns 1,567,428 shares of the business services provider’s stock worth $50,456,000 after purchasing an additional 284,842 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Genpact by 8.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,512,259 shares of the business services provider’s stock valued at $48,680,000 after purchasing an additional 122,993 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors.

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.