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

Genpact Limited (NYSE:GGet Free Report) CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $44.60, for a total value of $606,560.00. Following the transaction, the chief executive officer now owns 267,404 shares of the company’s stock, valued at $11,926,218.40. This trade represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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 Trading Up 0.5 %

Shares of Genpact stock opened at $42.30 on Friday. 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 52 week low of $30.23 and a 52 week high of $47.98. The stock has a 50 day moving average price of $42.69 and a two-hundred day moving average price of $38.02. The stock has a market capitalization of $7.46 billion, a PE ratio of 11.62, a price-to-earnings-growth ratio of 1.56 and a beta of 1.18.

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.1525 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.61 annualized dividend and a yield of 1.44%. Genpact’s payout ratio is 16.76%.

Analysts Set New Price Targets

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

View Our Latest Stock Analysis on Genpact

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. DGS Capital Management LLC lifted its holdings in shares of Genpact by 69.7% in the third quarter. DGS Capital Management LLC now owns 45,800 shares of the business services provider’s stock valued at $1,796,000 after purchasing an additional 18,811 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new stake in Genpact in the 3rd quarter valued at $1,323,000. Franklin Resources Inc. lifted its stake in Genpact by 6.5% during the 3rd quarter. Franklin Resources Inc. now owns 4,148,185 shares of the business services provider’s stock valued at $162,318,000 after acquiring an additional 252,674 shares in the last quarter. Sanctuary Advisors LLC boosted its holdings in Genpact by 52.9% during the 3rd quarter. Sanctuary Advisors LLC now owns 16,573 shares of the business services provider’s stock worth $650,000 after acquiring an additional 5,734 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of 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 worth $148,142,000 after acquiring an additional 413,646 shares in the last quarter. 96.03% of the stock is owned by institutional investors.

Genpact Company Profile

(Get Free Report)

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.

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