Genpact Limited (G) SVP Sells $400,000.00 in Stock
Genpact Limited (NYSE:G) SVP Piyush Mehta sold 12,500 shares of Genpact stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $32.00, for a total value of $400,000.00. Following the transaction, the senior vice president now owns 77,944 shares of the company’s stock, valued at $2,494,208. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Piyush Mehta also recently made the following trade(s):
- On Wednesday, November 8th, Piyush Mehta sold 17,017 shares of Genpact stock. The shares were sold at an average price of $31.00, for a total value of $527,527.00.
- On Thursday, October 26th, Piyush Mehta sold 20,728 shares of Genpact stock. The shares were sold at an average price of $30.00, for a total value of $621,840.00.
Shares of Genpact Limited (NYSE G) traded down $0.33 during trading on Wednesday, reaching $32.01. 1,267,200 shares of the company were exchanged, compared to its average volume of 1,028,307. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 0.77. Genpact Limited has a 12-month low of $23.34 and a 12-month high of $32.45. The stock has a market cap of $6,200.00, a PE ratio of 20.67, a price-to-earnings-growth ratio of 2.17 and a beta of 0.58.
Genpact (NYSE:G) last announced its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.10. The firm had revenue of $708.82 million during the quarter, compared to analysts’ expectations of $685.25 million. Genpact had a net margin of 10.18% and a return on equity of 23.86%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.37 EPS. analysts predict that Genpact Limited will post 1.47 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Friday, December 8th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, December 7th. This represents a $0.24 dividend on an annualized basis and a yield of 0.75%. Genpact’s payout ratio is currently 17.39%.
G has been the subject of several analyst reports. BidaskClub downgraded Genpact from a “strong-buy” rating to a “buy” rating in a report on Wednesday, August 16th. Cowen set a $33.00 price target on Genpact and gave the company a “buy” rating in a report on Tuesday, August 15th. Robert W. Baird reiterated a “buy” rating and issued a $34.00 price target on shares of Genpact in a report on Monday, September 25th. Cantor Fitzgerald reissued a “buy” rating and set a $32.00 price objective on shares of Genpact in a research note on Wednesday, September 13th. Finally, Zacks Investment Research raised shares of Genpact from a “hold” rating to a “buy” rating and set a $33.00 price objective for the company in a research note on Tuesday, August 8th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $33.38.
Large investors have recently bought and sold shares of the business. YorkBridge Wealth Partners LLC boosted its position in Genpact by 5.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock valued at $106,000 after buying an additional 189 shares during the last quarter. Acrospire Investment Management LLC boosted its position in Genpact by 569.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock valued at $112,000 after buying an additional 3,419 shares during the last quarter. Meeder Asset Management Inc. purchased a new position in Genpact in the 3rd quarter valued at about $128,000. Bronfman E.L. Rothschild L.P. boosted its position in Genpact by 1.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,053 shares of the business services provider’s stock valued at $141,000 after buying an additional 94 shares during the last quarter. Finally, Advisor Group Inc. boosted its position in Genpact by 59.8% in the 3rd quarter. Advisor Group Inc. now owns 5,017 shares of the business services provider’s stock valued at $145,000 after buying an additional 1,878 shares during the last quarter. 91.15% of the stock is owned by institutional investors.
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.
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