Insider Selling: Genpact Limited (G) Insider Sells $806,250.00 in Stock
Genpact Limited (NYSE:G) insider Mohit Thukral sold 25,000 shares of the firm’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $32.25, for a total value of $806,250.00. Following the sale, the insider now owns 85,305 shares in the company, valued at approximately $2,751,086.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Genpact Limited (NYSE G) opened at $32.00 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a market capitalization of $6,180.00, a price-to-earnings ratio of 20.93, a P/E/G ratio of 2.20 and a beta of 0.58. Genpact Limited has a 52-week low of $23.34 and a 52-week high of $32.45.
Genpact (NYSE:G) last issued its earnings results on Tuesday, November 7th. The business services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.10. The business had revenue of $708.82 million for the quarter, compared to analyst estimates of $685.25 million. Genpact had a return on equity of 23.86% and a net margin of 10.18%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period last year, the company posted $0.37 EPS. analysts predict that Genpact Limited will post 1.47 earnings per share for the current fiscal year.
The business 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. This represents a $0.24 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, December 7th. Genpact’s dividend payout ratio (DPR) is presently 17.39%.
A number of large investors have recently added to or reduced their stakes in G. Teachers Advisors LLC raised its position in Genpact by 5.7% in the first quarter. Teachers Advisors LLC now owns 141,273 shares of the business services provider’s stock valued at $3,498,000 after purchasing an additional 7,559 shares during the period. Morgan Stanley raised its position in Genpact by 534.4% in the first quarter. Morgan Stanley now owns 230,114 shares of the business services provider’s stock valued at $5,698,000 after purchasing an additional 193,842 shares during the period. Quantitative Systematic Strategies LLC purchased a new position in Genpact in the second quarter valued at about $211,000. Russell Investments Group Ltd. raised its position in Genpact by 55.9% in the second quarter. Russell Investments Group Ltd. now owns 187,467 shares of the business services provider’s stock valued at $5,217,000 after purchasing an additional 67,250 shares during the period. Finally, NGAM Advisors L.P. raised its position in Genpact by 9.5% in the second quarter. NGAM Advisors L.P. now owns 42,560 shares of the business services provider’s stock valued at $1,184,000 after purchasing an additional 3,694 shares during the period. 91.15% of the stock is currently owned by institutional investors.
G has been the topic of several research reports. Zacks Investment Research lowered Genpact from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Cantor Fitzgerald reaffirmed a “buy” rating and issued a $32.00 target price on shares of Genpact in a research report on Wednesday, September 13th. Robert W. Baird reaffirmed a “buy” rating and issued a $34.00 target price on shares of Genpact in a research report on Monday, September 25th. BMO Capital Markets reaffirmed a “hold” rating on shares of Genpact in a research report on Friday, October 6th. Finally, SunTrust Banks reaffirmed a “buy” rating and issued a $34.00 target price on shares of Genpact in a research report on Monday, October 9th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $33.38.
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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