Genpact Limited (NYSE:G - Get Free Report) CEO Balkrishan Kalra sold 13,600 shares of the firm's stock in a transaction dated Thursday, March 13th. The stock was sold at an average price of $48.89, for a total transaction of $664,904.00. Following the completion of the transaction, the chief executive officer now owns 310,246 shares of the company's stock, valued at approximately $15,167,926.94. The trade was a 4.20 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
Genpact Trading Up 1.6 %
NYSE:G opened at $50.12 on Friday. The stock's 50 day moving average price is $49.57 and its 200 day moving average price is $44.23. Genpact Limited has a 52 week low of $30.23 and a 52 week high of $56.76. The company has a market capitalization of $8.80 billion, a P/E ratio of 17.65, a P/E/G ratio of 1.84 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16.
Genpact (NYSE:G - Get Free Report) last posted its earnings results on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a return on equity of 22.50% and a net margin of 10.77%. On average, research analysts forecast that Genpact Limited will post 3.21 EPS for the current fiscal year.
Genpact Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Shareholders of record on Tuesday, March 11th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.36%. The ex-dividend date is Tuesday, March 11th. This is an increase from Genpact's previous quarterly dividend of $0.15. Genpact's dividend payout ratio (DPR) is 23.94%.
Institutional Trading of Genpact
A number of institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in Genpact by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 16,962,496 shares of the business services provider's stock worth $728,539,000 after acquiring an additional 61,376 shares during the last quarter. Victory Capital Management Inc. boosted its stake in Genpact by 18.1% during the 4th quarter. Victory Capital Management Inc. now owns 9,853,437 shares of the business services provider's stock valued at $423,205,000 after purchasing an additional 1,511,790 shares during the period. Franklin Resources Inc. grew its holdings in Genpact by 1.3% in the 4th quarter. Franklin Resources Inc. now owns 4,203,956 shares of the business services provider's stock valued at $180,560,000 after buying an additional 55,771 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Genpact by 5.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,848,449 shares of the business services provider's stock worth $165,288,000 after buying an additional 208,759 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Genpact by 3.6% during the fourth quarter. Geode Capital Management LLC now owns 3,825,344 shares of the business services provider's stock worth $170,175,000 after buying an additional 133,938 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
G has been the subject of a number of recent analyst reports. TD Cowen raised shares of Genpact from a "hold" rating to a "buy" rating and raised their price objective for the stock from $45.00 to $60.00 in a research note on Friday, February 7th. Needham & Company LLC lifted their price target on Genpact from $55.00 to $65.00 and gave the company a "buy" rating in a report on Friday, February 7th. Jefferies Financial Group raised Genpact from a "hold" rating to a "buy" rating and increased their price objective for the stock from $44.00 to $55.00 in a research note on Tuesday, January 21st. Finally, Mizuho lifted their target price on Genpact from $45.00 to $55.00 and gave the company a "neutral" rating in a research note on Monday, February 10th. Six research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $48.44.
Check Out Our Latest Stock Analysis on Genpact
About Genpact
(
Get Free Report)
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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