Genpact (NYSE:G) SVP Sells 6,191 Shares of Stock

Genpact Limited (NYSE:G) SVP Anil Nanduru sold 6,191 shares of Genpact stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $37.03, for a total value of $229,252.73. Following the sale, the senior vice president directly owned 70,253 shares of the company’s stock, valued at $2,601,468.59. This trade represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Genpact Stock Up 1.4%

Shares of G traded up $0.52 during mid-day trading on Thursday, reaching $36.92. The company’s stock had a trading volume of 5,121,822 shares, compared to its average volume of 2,531,701. 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 Limited has a 12-month low of $26.85 and a 12-month high of $48.64. The stock has a market cap of $6.20 billion, a PE ratio of 10.96, a price-to-earnings-growth ratio of 0.92 and a beta of 0.57. The company’s 50 day moving average is $31.48 and its 200 day moving average is $34.52.

Genpact (NYSE:G) last posted its 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%. Equities analysts anticipate that Genpact Limited will post 3.67 EPS for the current fiscal year.

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 24th. Stockholders of record on Thursday, September 10th will be given a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, September 10th. Genpact’s payout ratio is currently 22.26%.

Institutional Trading of Genpact

Several institutional investors and hedge funds have recently bought and sold shares of G. Royal Bank of Canada grew its position in Genpact by 19.7% during the 1st quarter. Royal Bank of Canada now owns 121,705 shares of the business services provider’s stock worth $6,131,000 after purchasing an additional 20,043 shares during the last quarter. Amundi purchased a new stake in shares of Genpact in the first quarter valued at about $58,000. Goldman Sachs Group Inc. raised its holdings 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 valued at $17,788,000 after buying an additional 60,887 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake 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 buying an additional 56,557 shares during the period. Finally, Focus Partners Wealth boosted 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 worth $263,000 after buying an additional 488 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Weiss Ratings lowered shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a research note on Wednesday, June 24th. JPMorgan Chase & Co. raised their price objective on Genpact from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Friday, August 7th. Citigroup lifted their target price on Genpact from $32.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Deutsche Bank Aktiengesellschaft set a $31.00 target price on Genpact in a report on Friday, July 10th. Finally, Robert W. Baird decreased their target price on Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a research report on Tuesday, July 7th. Two research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, Genpact currently has an average rating of “Hold” and a consensus price target of $39.33.

Genpact Company Profile

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.