Genpact Limited (NYSE:G – Get Free Report) declared a quarterly dividend on Thursday, February 5th. Shareholders of record on Monday, March 16th will be paid a dividend of 0.1875 per share by the business services provider on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 1.9%. The ex-dividend date is Monday, March 16th. This is a 10.3% increase from Genpact’s previous quarterly dividend of $0.17.
Genpact has raised its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 6 consecutive years. Genpact has a dividend payout ratio of 18.2% meaning its dividend is sufficiently covered by earnings. Analysts expect Genpact to earn $3.49 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 19.5%.
Genpact Trading Up 3.2%
G opened at $38.90 on Friday. Genpact has a one year low of $37.49 and a one year high of $56.76. The business’s 50 day moving average price is $45.99 and its 200 day moving average price is $43.79. The stock has a market capitalization of $6.71 billion, a PE ratio of 12.55, a P/E/G ratio of 1.14 and a beta of 0.74. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.51 and a current ratio of 1.51.
Insider Activity at Genpact
In related news, Director Tamara Franklin sold 2,750 shares of the business’s stock in a transaction that occurred on Wednesday, November 12th. The stock was sold at an average price of $45.65, for a total value of $125,537.50. Following the completion of the sale, the director directly owned 22,236 shares in the company, valued at approximately $1,015,073.40. The trade was a 11.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Riju Vashisht sold 16,016 shares of Genpact stock in a transaction that occurred on Tuesday, January 13th. The shares were sold at an average price of $46.65, for a total transaction of $747,146.40. Following the completion of the transaction, the senior vice president directly owned 95,521 shares in the company, valued at approximately $4,456,054.65. This represents a 14.36% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 60,385 shares of company stock valued at $2,762,475. Corporate insiders own 3.07% of the company’s stock.
Institutional Trading of Genpact
Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada raised its stake in shares of Genpact by 19.7% in the first quarter. Royal Bank of Canada now owns 121,705 shares of the business services provider’s stock valued at $6,131,000 after purchasing an additional 20,043 shares in the last quarter. Amundi acquired a new stake in shares of Genpact in the 1st quarter valued at $58,000. Goldman Sachs Group Inc. raised its stake in shares of Genpact by 20.8% in the first quarter. Goldman Sachs Group Inc. now owns 353,074 shares of the business services provider’s stock worth $17,788,000 after acquiring an additional 60,887 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in shares of Genpact by 12.4% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 511,627 shares of the business services provider’s stock worth $25,776,000 after purchasing an additional 56,557 shares in the last quarter. Finally, Focus Partners Wealth grew its stake in shares of Genpact by 10.3% during the first quarter. Focus Partners Wealth now owns 5,227 shares of the business services provider’s stock valued at $263,000 after purchasing an additional 488 shares during the last quarter. 96.03% of the stock is owned by institutional investors.
About Genpact
Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.
Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.
Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.
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