Insider Selling: Genpact Limited (NYSE:G) CEO Sells 9,000 Shares of Stock

Genpact Limited (NYSE:G) CEO Balkrishan Kalra sold 9,000 shares of the company’s 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 sale, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at approximately $12,407,545.60. This represents a 3.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Genpact Price Performance

G stock traded up $0.18 on Tuesday, reaching $46.82. The company had a trading volume of 988,222 shares, compared to its average volume of 1,348,769. The company’s fifty day moving average is $40.53 and its 200 day moving average is $36.66. The company has a market cap of $8.26 billion, a P/E ratio of 12.81, a PEG ratio of 1.59 and a beta of 1.13. 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 Limited has a 1 year low of $30.23 and a 1 year high of $47.98.

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 given a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Monday, December 9th. Genpact’s dividend payout ratio is presently 16.76%.

Analyst Ratings Changes

A number of brokerages have commented on G. Robert W. Baird upped their price objective on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Jefferies Financial Group lifted their price objective on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 9th. BMO Capital Markets increased their target price on Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research note on Monday, August 12th. JPMorgan Chase & Co. lifted their price target on Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a research note on Friday, September 6th. Finally, Needham & Company LLC raised 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. Eight analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Genpact presently has a consensus rating of “Hold” and an average target price of $42.33.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CWM LLC increased its stake in Genpact by 160.8% in the second quarter. CWM LLC now owns 952 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 587 shares during the last quarter. Versant Capital Management Inc boosted its position in shares of Genpact by 4,717.8% in the second quarter. Versant Capital Management Inc now owns 2,168 shares of the business services provider’s stock worth $70,000 after acquiring an additional 2,123 shares during the last quarter. Massmutual Trust Co. FSB ADV increased its position in Genpact by 54.3% during the second quarter. Massmutual Trust Co. FSB ADV now owns 2,797 shares of the business services provider’s stock worth $90,000 after purchasing an additional 984 shares during the last quarter. Venturi Wealth Management LLC raised its stake in Genpact by 74.6% during the third quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after purchasing an additional 1,121 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Genpact by 221.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after buying an additional 2,293 shares during the period. 96.03% of the stock is currently 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.