Insider Selling: Genpact Limited (NYSE:G) SVP Sells 12,000 Shares of Stock

Genpact Limited (NYSE:G) SVP Piyush Mehta sold 12,000 shares of the company’s stock in a transaction on Friday, January 10th. The shares were sold at an average price of $42.83, for a total value of $513,960.00. Following the completion of the transaction, the senior vice president now owns 151,182 shares of the company’s stock, valued at $6,475,125.06. The trade was a 7.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Genpact Price Performance

Shares of Genpact stock opened at $44.20 on Wednesday. Genpact Limited has a 1-year low of $30.23 and a 1-year high of $47.98. The firm’s 50-day moving average price is $44.32 and its two-hundred day moving average price is $39.51. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The stock has a market capitalization of $7.80 billion, a price-to-earnings ratio of 12.14, a P/E/G ratio of 1.54 and a beta of 1.18.

Genpact Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Monday, December 9th were issued a dividend of $0.1525 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a yield of 1.38%. Genpact’s dividend payout ratio is 16.76%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on G shares. Robert W. Baird increased their price objective on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. Needham & Company LLC increased their price target on shares of Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, TD Cowen lifted their price objective on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a report on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Genpact presently has a consensus rating of “Hold” and a consensus price target of $42.33.

Hedge Funds Weigh In On Genpact

Several institutional investors have recently bought and sold shares of the business. Jensen Investment Management Inc. lifted its position in shares of Genpact by 6.4% during the third quarter. Jensen Investment Management Inc. now owns 189,985 shares of the business services provider’s stock worth $7,449,000 after purchasing an additional 11,410 shares in the last quarter. Stifel Financial Corp acquired a new position in Genpact during the 3rd quarter worth $1,197,000. Vanguard Personalized Indexing Management LLC lifted its holdings in Genpact by 53.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 49,134 shares of the business services provider’s stock worth $1,580,000 after buying an additional 17,034 shares in the last quarter. JPMorgan Chase & Co. boosted its position in Genpact by 192.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock valued at $122,701,000 after buying an additional 2,060,595 shares during the last quarter. Finally, Access Investment Management LLC increased its stake in shares of Genpact by 44.0% in the 3rd quarter. Access Investment Management LLC now owns 212,875 shares of the business services provider’s stock valued at $8,347,000 after buying an additional 65,070 shares during the period. Institutional investors 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.