Genpact Limited (NYSE:G) SVP Sells $513,960.00 in Stock

Genpact Limited (NYSE:G) SVP Piyush Mehta sold 12,000 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $42.83, for a total transaction of $513,960.00. Following the sale, the senior vice president now directly owns 151,182 shares of the company’s stock, valued at $6,475,125.06. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Genpact Stock Down 0.2 %

G traded down $0.11 during trading on Tuesday, reaching $44.20. 1,578,614 shares of the stock traded hands, compared to its average volume of 1,336,214. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85. Genpact Limited has a fifty-two week low of $30.23 and a fifty-two week high of $47.98. The stock’s 50-day simple moving average is $44.21 and its two-hundred day simple moving average is $39.42. The stock has a market cap of $7.80 billion, a price-to-earnings ratio of 12.14, a price-to-earnings-growth ratio of 1.54 and a beta of 1.18.

Genpact Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a $0.1525 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a yield of 1.38%. Genpact’s dividend payout ratio is currently 16.76%.

Institutional Trading of Genpact

Institutional investors have recently added to or reduced their stakes in the business. Jensen Investment Management Inc. grew its stake in Genpact by 6.4% in the 3rd quarter. Jensen Investment Management Inc. now owns 189,985 shares of the business services provider’s stock valued at $7,449,000 after buying an additional 11,410 shares during the last quarter. Stifel Financial Corp acquired a new position in shares of Genpact during the 3rd quarter worth about $1,197,000. Vanguard Personalized Indexing Management LLC boosted its stake in Genpact by 53.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 49,134 shares of the business services provider’s stock valued at $1,580,000 after purchasing an additional 17,034 shares during the period. JPMorgan Chase & Co. grew its holdings in Genpact by 192.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock valued at $122,701,000 after buying an additional 2,060,595 shares during the last quarter. Finally, Access Investment Management LLC increased its position in Genpact by 44.0% in the 3rd quarter. Access Investment Management LLC now owns 212,875 shares of the business services provider’s stock worth $8,347,000 after buying an additional 65,070 shares during the period. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

G has been the subject of several research analyst reports. Needham & Company LLC upped their price target on shares of Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 11th. TD Cowen increased their target price on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 8th. Finally, Robert W. Baird lifted their price target on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $42.33.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.