Genpact Limited (NYSE:G) Insider Sells $45,384,129.56 in Stock

Genpact Limited (NYSE:G) insider Private Ltd Gic sold 1,499,806 shares of Genpact stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $30.26, for a total transaction of $45,384,129.56. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Genpact Limited (G) traded down $0.21 during trading on Wednesday, hitting $31.95. 1,304,492 shares of the stock traded hands, compared to its average volume of 1,040,368. The company has a debt-to-equity ratio of 0.77, a quick ratio of 1.65 and a current ratio of 1.65. Genpact Limited has a fifty-two week low of $23.34 and a fifty-two week high of $32.51. The stock has a market cap of $6,225.62, a PE ratio of 20.94, a P/E/G ratio of 2.20 and a beta of 0.58.

Genpact (NYSE:G) last posted its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.36 by $0.10. Genpact had a net margin of 10.18% and a return on equity of 23.86%. The business had revenue of $708.82 million for the quarter, compared to analysts’ expectations of $685.25 million. During the same period in the previous year, the company posted $0.37 EPS. Genpact’s revenue was up 9.3% on a year-over-year basis. research analysts anticipate that Genpact Limited will post 1.47 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 8th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, December 7th. Genpact’s payout ratio is presently 17.39%.

Several hedge funds have recently added to or reduced their stakes in G. BlackRock Inc. lifted its stake in shares of Genpact by 40.1% in the 2nd quarter. BlackRock Inc. now owns 10,761,151 shares of the business services provider’s stock valued at $299,483,000 after purchasing an additional 3,080,741 shares during the last quarter. UBS Asset Management Americas Inc. lifted its stake in shares of Genpact by 2,300.3% in the 2nd quarter. UBS Asset Management Americas Inc. now owns 832,103 shares of the business services provider’s stock valued at $23,157,000 after purchasing an additional 797,436 shares during the last quarter. Eaton Vance Management lifted its stake in shares of Genpact by 185.4% in the 2nd quarter. Eaton Vance Management now owns 856,429 shares of the business services provider’s stock valued at $23,834,000 after purchasing an additional 556,323 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of Genpact by 36.9% in the 2nd quarter. Schroder Investment Management Group now owns 1,294,338 shares of the business services provider’s stock valued at $36,099,000 after purchasing an additional 348,626 shares during the last quarter. Finally, Marathon Asset Management LLP lifted its stake in shares of Genpact by 27.7% in the 3rd quarter. Marathon Asset Management LLP now owns 1,356,597 shares of the business services provider’s stock valued at $39,002,000 after purchasing an additional 293,931 shares during the last quarter. 91.16% of the stock is owned by institutional investors and hedge funds.

Several equities analysts have weighed in on G shares. Zacks Investment Research cut shares of Genpact from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Cantor Fitzgerald reiterated a “buy” rating and set a $32.00 price objective on shares of Genpact in a research report on Wednesday, September 13th. Robert W. Baird reiterated a “buy” rating and set a $34.00 price objective on shares of Genpact in a research report on Monday, September 25th. BMO Capital Markets restated a “hold” rating on shares of Genpact in a report on Friday, October 6th. Finally, SunTrust Banks restated a “buy” rating and set a $34.00 price target on shares of Genpact in a report on Monday, October 9th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Genpact has an average rating of “Buy” and an average target price of $33.38.

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Genpact Company Profile

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

Insider Buying and Selling by Quarter for Genpact (NYSE:G)

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