Genpact Limited (NYSE:G) CEO Sells $606,560.00 in Stock

Genpact Limited (NYSE:G) CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $44.60, for a total value of $606,560.00. Following the completion of the sale, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at approximately $11,926,218.40. This trade represents a 4.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Balkrishan Kalra also recently made the following trade(s):

• On Monday, November 25th, Balkrishan Kalra sold 9,000 shares of Genpact stock. The shares were sold at an average price of $46.40, for a total transaction of $417,600.00.

Genpact Price Performance

Shares of NYSE:G opened at $42.07 on Thursday. Genpact Limited has a one year low of $30.23 and a one year high of $47.98. The stock has a market cap of $7.42 billion, a PE ratio of 11.56, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18. The business’s fifty day moving average price is $42.55 and its two-hundred day moving average price is $37.97. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85.

Genpact Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be paid a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, December 9th. Genpact’s payout ratio is currently 16.76%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its stake in shares of Genpact by 34.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock worth $107,065,000 after purchasing an additional 847,249 shares during the period. Pzena Investment Management LLC increased its stake in Genpact by 130.3% in the second quarter. Pzena Investment Management LLC now owns 1,163,870 shares of the business services provider’s stock valued at $37,465,000 after purchasing an additional 658,560 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in Genpact during the third quarter worth about $19,779,000. Tandem Investment Advisors Inc. acquired a new stake in Genpact in the 3rd quarter worth about $17,025,000. Finally, Geode Capital Management LLC grew its holdings in Genpact by 12.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock valued at $148,142,000 after buying an additional 413,646 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on G shares. TD Cowen boosted their price objective on shares of Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Robert W. Baird boosted 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. raised their price objective on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Jefferies Financial Group boosted their target price on Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Finally, Needham & Company LLC raised their price target on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Eight equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $42.33.

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.