Genpact Limited (NYSE:G) SVP Patrick Cogny sold 20,153 shares of the firm’s stock in a transaction on Monday, April 16th. The shares were sold at an average price of $31.96, for a total transaction of $644,089.88. Following the completion of the transaction, the senior vice president now directly owns 56,109 shares of the company’s stock, valued at $1,793,243.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
G stock opened at $32.62 on Thursday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.71 and a quick ratio of 1.71. Genpact Limited has a one year low of $23.80 and a one year high of $34.79. The firm has a market cap of $6,249.38, a price-to-earnings ratio of 21.89, a P/E/G ratio of 2.08 and a beta of 0.60.
Genpact (NYSE:G) last released its quarterly earnings data on Monday, February 12th. The business services provider reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.41 by $0.02. Genpact had a net margin of 9.61% and a return on equity of 22.75%. The firm had revenue of $734.41 million during the quarter, compared to analysts’ expectations of $723.55 million. During the same period in the previous year, the business posted $0.43 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. sell-side analysts anticipate that Genpact Limited will post 1.55 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 21st. Shareholders of record on Friday, March 9th were given a dividend of $0.075 per share. This represents a $0.30 dividend on an annualized basis and a yield of 0.92%. This is a boost from Genpact’s previous quarterly dividend of $0.06. The ex-dividend date was Thursday, March 8th. Genpact’s payout ratio is 20.13%.
A number of hedge funds have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. boosted its position in Genpact by 13.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 35,646 shares of the business services provider’s stock worth $1,131,000 after purchasing an additional 4,297 shares during the period. J. Goldman & Co LP acquired a new stake in shares of Genpact during the fourth quarter worth $4,105,000. We Are One Seven LLC acquired a new stake in shares of Genpact during the fourth quarter worth $383,000. Westwood Holdings Group Inc. acquired a new stake in shares of Genpact during the fourth quarter worth $24,974,000. Finally, Macquarie Group Ltd. lifted its holdings in shares of Genpact by 1,561.4% during the fourth quarter. Macquarie Group Ltd. now owns 73,100 shares of the business services provider’s stock worth $2,497,000 after buying an additional 68,700 shares in the last quarter. 91.01% of the stock is owned by hedge funds and other institutional investors.
G has been the subject of several analyst reports. Zacks Investment Research cut shares of Genpact from a “buy” rating to a “hold” rating in a research note on Tuesday, January 9th. Cantor Fitzgerald reissued a “buy” rating and issued a $36.00 target price on shares of Genpact in a research note on Tuesday, February 13th. JPMorgan Chase decreased their target price on shares of Genpact from $38.00 to $37.00 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. BMO Capital Markets raised their target price on shares of Genpact to $35.00 and gave the company a “market perform” rating in a research note on Tuesday, February 13th. Finally, Citigroup decreased their target price on shares of Genpact from $39.00 to $37.50 and set a “buy” rating for the company in a research note on Tuesday, February 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $34.65.
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Genpact 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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