Private Ltd Gic Sells 1,499,806 Shares of Genpact Limited (G) Stock

Genpact Limited (NYSE:G) insider Private Ltd Gic sold 1,499,806 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $30.26, for a total value of $45,384,129.56. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Genpact Limited (NYSE:G) opened at $31.44 on Wednesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.65 and a quick ratio of 1.65. The firm has a market capitalization of $6,036.44, a price-to-earnings ratio of 20.31, a PEG ratio of 2.13 and a beta of 0.58. Genpact Limited has a 12 month low of $23.34 and a 12 month high of $31.93.

Genpact Limited (NYSE:G) last posted its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.10. The company had revenue of $708.82 million for the quarter, compared to the consensus estimate of $685.25 million. Genpact Limited had a return on equity of 23.86% and a net margin of 10.18%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.37 EPS. sell-side analysts forecast that Genpact Limited will post 1.47 earnings per share for the current year.

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Several hedge funds have recently bought and sold shares of the company. YorkBridge Wealth Partners LLC increased its position in shares of Genpact Limited by 5.2% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock valued at $106,000 after buying an additional 189 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of Genpact Limited by 569.8% in the 2nd quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock valued at $112,000 after buying an additional 3,419 shares in the last quarter. Meeder Asset Management Inc. bought a new stake in shares of Genpact Limited in the 3rd quarter valued at $128,000. Bronfman E.L. Rothschild L.P. increased its position in shares of Genpact Limited by 1.9% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,053 shares of the business services provider’s stock valued at $141,000 after buying an additional 94 shares in the last quarter. Finally, Advisor Group Inc. increased its position in shares of Genpact Limited by 59.8% in the 3rd quarter. Advisor Group Inc. now owns 5,017 shares of the business services provider’s stock valued at $145,000 after buying an additional 1,878 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors.

G has been the topic of several research reports. Zacks Investment Research downgraded Genpact Limited from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Cantor Fitzgerald reaffirmed a “buy” rating and set a $32.00 price objective on shares of Genpact Limited in a report on Wednesday, September 13th. Robert W. Baird reaffirmed a “buy” rating and set a $34.00 price objective on shares of Genpact Limited in a report on Monday, September 25th. BMO Capital Markets reaffirmed a “hold” rating on shares of Genpact Limited in a report on Friday, October 6th. Finally, Deutsche Bank AG upped their price objective on Genpact Limited from $26.00 to $28.00 and gave the stock a “hold” rating in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $33.38.

Genpact Limited Company Profile

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

Insider Buying and Selling by Quarter for Genpact Limited (NYSE:G)

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