Balkrishan Kalra Sells 9,000 Shares of Genpact Limited (NYSE:G) Stock

Genpact Limited (NYSE:G) CEO Balkrishan Kalra sold 9,000 shares of the company’s stock in a transaction on Monday, November 25th. The shares were sold at an average price of $46.40, for a total transaction of $417,600.00. Following the completion of the sale, the chief executive officer now directly owns 267,404 shares in the company, valued at approximately $12,407,545.60. The trade was a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Genpact Stock Down 0.7 %

G stock opened at $46.49 on Thursday. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 12.77, a PEG ratio of 1.61 and a beta of 1.13. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $47.98. The firm has a 50-day moving average of $40.70 and a two-hundred day moving average of $36.76.

Genpact Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a $0.1525 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a yield of 1.31%. Genpact’s payout ratio is 16.76%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on G. BMO Capital Markets increased their target price on shares of Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Monday, August 12th. Needham & Company LLC increased their target price on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Jefferies Financial Group increased their target price on shares of Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research note on Monday, September 9th. Robert W. Baird increased their target price on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, TD Cowen increased their target price on shares of Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $42.33.

Institutional Trading of Genpact

A number of hedge funds have recently bought and sold shares of G. Dimensional Fund Advisors LP raised its holdings in Genpact by 34.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock valued at $107,065,000 after acquiring an additional 847,249 shares during the last quarter. Pzena Investment Management LLC increased its holdings in shares of Genpact by 130.3% during the 2nd quarter. Pzena Investment Management LLC now owns 1,163,870 shares of the business services provider’s stock worth $37,465,000 after buying an additional 658,560 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Genpact during the 3rd quarter worth approximately $19,779,000. Tandem Investment Advisors Inc. acquired a new stake in shares of Genpact during the 3rd quarter worth approximately $17,025,000. Finally, Geode Capital Management LLC increased its holdings in shares of Genpact by 12.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock worth $148,142,000 after buying an additional 413,646 shares during the last quarter. Institutional investors and hedge funds own 96.03% of the company’s stock.

About Genpact

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.