Insider Selling: Genpact (NYSE:G) SVP Sells $229,252.73 in Stock

Genpact Limited (NYSE:G) SVP Anil Nanduru sold 6,191 shares of Genpact stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total transaction of $229,252.73. Following the completion of the transaction, the senior vice president owned 70,253 shares of the company’s stock, valued at $2,601,468.59. This trade represents a 8.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Genpact Stock Up 0.6%

Shares of G opened at $37.16 on Friday. The company has a market capitalization of $6.24 billion, a P/E ratio of 11.03, a PEG ratio of 0.99 and a beta of 0.57. Genpact Limited has a one year low of $26.85 and a one year high of $48.64. The business’s 50 day simple moving average is $31.68 and its 200-day simple moving average is $34.49. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.00 and a quick ratio of 2.00.

Genpact (NYSE:G) last released its quarterly earnings results on Tuesday, June 30th. The business services provider reported $1.00 earnings per share for the quarter. The firm had revenue of $1.34 billion during the quarter. Genpact had a return on equity of 23.34% and a net margin of 11.04%. As a group, sell-side analysts predict that Genpact Limited will post 3.67 EPS for the current fiscal year.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be paid a $0.1875 dividend. The ex-dividend date is Thursday, September 10th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.0%. Genpact’s dividend payout ratio (DPR) is 22.26%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Needham & Company LLC reduced their price target on shares of Genpact from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on shares of Genpact in a research report on Friday, July 10th. Mizuho reduced their target price on shares of Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. JPMorgan Chase & Co. raised their price target on shares of Genpact from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Robert W. Baird dropped their price objective on shares of Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $39.33.

Institutional Trading of Genpact

Several institutional investors and hedge funds have recently added to or reduced their stakes in G. Qsemble Capital Management LP bought a new stake in shares of Genpact during the 4th quarter valued at $3,258,000. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of Genpact by 30.6% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 145,336 shares of the business services provider’s stock worth $6,810,000 after purchasing an additional 34,039 shares during the last quarter. Arbejdsmarkedets Tillaegspension acquired a new stake in shares of Genpact during the fourth quarter worth $23,777,000. LSV Asset Management grew its stake in shares of Genpact by 15.1% during the fourth quarter. LSV Asset Management now owns 2,467,612 shares of the business services provider’s stock worth $115,435,000 after purchasing an additional 324,345 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of Genpact by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 4,330,116 shares of the business services provider’s stock worth $210,391,000 after purchasing an additional 107,870 shares during the period. 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.