Insider Selling: Genpact Limited (NYSE:G) CEO Sells 13,600 Shares of Stock

Genpact Limited (NYSE:G) CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $48.89, for a total transaction 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. This trade represents a 4.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Genpact Price Performance

Shares of G stock opened at $50.12 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85. The firm’s 50-day moving average is $49.57 and its two-hundred day moving average is $44.30. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $56.76. The company has a market capitalization of $8.80 billion, a PE ratio of 17.65, a price-to-earnings-growth ratio of 1.84 and a beta of 1.16.

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

Genpact Increases Dividend

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

Analyst Ratings Changes

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

Hedge Funds Weigh In On Genpact

Institutional investors have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Genpact by 308.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 455,070 shares of the business services provider’s stock valued at $19,545,000 after acquiring an additional 343,752 shares during the period. Squarepoint Ops LLC raised its stake in shares of Genpact by 847.8% in the 4th quarter. Squarepoint Ops LLC now owns 354,549 shares of the business services provider’s stock valued at $15,228,000 after acquiring an additional 401,962 shares during the period. Teza Capital Management LLC raised its stake in shares of Genpact by 405.0% in the 4th quarter. Teza Capital Management LLC now owns 79,623 shares of the business services provider’s stock valued at $3,420,000 after acquiring an additional 63,855 shares during the period. State of Wyoming raised its stake in shares of Genpact by 302.7% in the 4th quarter. State of Wyoming now owns 6,536 shares of the business services provider’s stock valued at $281,000 after acquiring an additional 4,913 shares during the period. Finally, Sherbrooke Park Advisers LLC purchased a new stake in shares of Genpact in the 4th quarter valued at approximately $584,000. 96.03% of the stock is owned by hedge funds and other institutional investors.

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.