Insider Selling: Genpact Limited (NYSE:G) CEO Sells $417,600.00 in Stock

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

Genpact Trading Down 0.7 %

Shares of NYSE G opened at $46.49 on Friday. The company has a market cap of $8.20 billion, a price-to-earnings ratio of 12.77, a price-to-earnings-growth ratio of 1.61 and a beta of 1.13. The stock’s 50 day simple moving average is $40.86 and its 200 day simple moving average is $36.83. 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.

Genpact Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Monday, December 9th. Genpact’s dividend payout ratio (DPR) is 16.76%.

Analyst Ratings Changes

G has been the topic of a number of research analyst reports. Needham & Company LLC increased their price objective on shares of Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Robert W. Baird lifted their price target on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. boosted their price objective on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday, September 6th. Jefferies Financial Group increased their target price on Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a report on Monday, September 9th. Finally, TD Cowen upped their price target on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $42.33.

Institutional Trading of Genpact

A number of large investors have recently modified their holdings of the company. Franklin Resources Inc. grew its holdings in Genpact by 6.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,148,185 shares of the business services provider’s stock worth $162,318,000 after buying an additional 252,674 shares in the last quarter. Sanctuary Advisors LLC grew its stake in shares of Genpact by 52.9% in the third quarter. Sanctuary Advisors LLC now owns 16,573 shares of the business services provider’s stock worth $650,000 after purchasing an additional 5,734 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Genpact by 12.6% during the third quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock valued at $148,142,000 after purchasing an additional 413,646 shares during the period. M&T Bank Corp bought a new stake in shares of Genpact during the third quarter valued at about $206,000. Finally, MML Investors Services LLC lifted its holdings in Genpact by 31.4% in the third quarter. MML Investors Services LLC now owns 12,058 shares of the business services provider’s stock worth $473,000 after purchasing an additional 2,879 shares during the period. Institutional investors and hedge funds 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.