Balkrishan Kalra Sells 13,600 Shares of Genpact Limited (NYSE:G) Stock

Genpact Limited (NYSE:G) CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $48.89, for a total value of $664,904.00. Following the completion of the sale, the chief executive officer now owns 310,246 shares in the company, valued at approximately $15,167,926.94. The trade was a 4.20 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Genpact Price Performance

Shares of G stock opened at $50.12 on Friday. Genpact Limited has a 1-year low of $30.23 and a 1-year high of $56.76. The stock’s 50-day moving average is $49.57 and its 200 day moving average is $44.27. The company has a market cap of $8.80 billion, a P/E ratio of 17.65, a PEG ratio of 1.84 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.50%. Research analysts predict that Genpact Limited will post 3.21 earnings per share for the current fiscal year.

Genpact Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be given a dividend of $0.17 per share. The ex-dividend date is Tuesday, March 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.36%. This is an increase from Genpact’s previous quarterly dividend of $0.15. Genpact’s dividend payout ratio (DPR) is presently 23.94%.

Analysts Set New Price Targets

A number of research firms have weighed in on G. Needham & Company LLC increased their target price on Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. TD Cowen upgraded Genpact from a “hold” rating to a “buy” rating and increased their target price for the stock from $45.00 to $60.00 in a research note on Friday, February 7th. Jefferies Financial Group upgraded Genpact from a “hold” rating to a “buy” rating and increased their target price for the stock from $44.00 to $55.00 in a research note on Tuesday, January 21st. Finally, Mizuho increased their target price on Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $48.44.

Institutional Investors Weigh In On Genpact

A number of institutional investors have recently added to or reduced their stakes in G. Stifel Financial Corp acquired a new stake in Genpact in the third quarter worth about $1,197,000. Blue Trust Inc. boosted its holdings in Genpact by 8.7% in the fourth quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider’s stock worth $217,000 after acquiring an additional 441 shares in the last quarter. Burney Co. boosted its holdings in Genpact by 242.8% in the fourth quarter. Burney Co. now owns 130,798 shares of the business services provider’s stock worth $5,618,000 after acquiring an additional 92,641 shares in the last quarter. KBC Group NV acquired a new stake in Genpact in the fourth quarter worth about $298,000. Finally, JPMorgan Chase & Co. boosted its holdings in Genpact by 192.8% in the third quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock worth $122,701,000 after acquiring an additional 2,060,595 shares in the last quarter. Institutional investors own 96.03% of the company’s stock.

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.