Genpact Limited (G) SVP Patrick Cogny Sells 20,153 Shares

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.

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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.

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

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