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.
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