Genpact Limited (NYSE:G) CAO Sells $20,555.04 in Stock

Genpact Limited (NYSE:G) CAO Donald J. Klunk sold 458 shares of Genpact stock in a transaction on Monday, November 18th. The stock was sold at an average price of $44.88, for a total transaction of $20,555.04. Following the transaction, the chief accounting officer now directly owns 14,755 shares of the company’s stock, valued at approximately $662,204.40. This trade represents a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Genpact Stock Up 0.5 %

Shares of G stock traded up $0.23 on Wednesday, hitting $44.64. The stock had a trading volume of 1,304,927 shares, compared to its average volume of 1,325,804. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.85 and a quick ratio of 1.85. The stock has a market cap of $7.87 billion, a price-to-earnings ratio of 12.20, a price-to-earnings-growth ratio of 1.55 and a beta of 1.13. Genpact Limited has a 12-month low of $30.23 and a 12-month high of $47.98. The business has a 50 day moving average of $39.97 and a 200 day moving average of $36.28.

Genpact Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 23rd. Investors of record on Monday, December 9th will be issued a $0.1525 dividend. This represents a $0.61 annualized dividend and a yield of 1.37%. The ex-dividend date of this dividend is Monday, December 9th. Genpact’s dividend payout ratio (DPR) is currently 16.76%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on G shares. BMO Capital Markets lifted their target price on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Monday, August 12th. JPMorgan Chase & Co. upped their price target on Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. TD Cowen increased their price objective on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Needham & Company LLC upped their price target on Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Jefferies Financial Group increased their price target on Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 9th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Genpact currently has a consensus rating of “Hold” and an average target price of $42.33.

Hedge Funds Weigh In On Genpact

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in Genpact by 1.3% in the first quarter. Vanguard Group Inc. now owns 17,172,839 shares of the business services provider’s stock valued at $565,845,000 after purchasing an additional 218,526 shares during the period. Geode Capital Management LLC lifted its position in shares of Genpact by 12.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock valued at $148,142,000 after acquiring an additional 413,646 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Genpact by 34.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,326,054 shares of the business services provider’s stock valued at $107,065,000 after buying an additional 847,249 shares during the period. Capital International Investors lifted its holdings in Genpact by 51.8% in the 1st quarter. Capital International Investors now owns 3,086,957 shares of the business services provider’s stock worth $101,715,000 after buying an additional 1,053,236 shares in the last quarter. Finally, Vulcan Value Partners LLC raised its stake in Genpact by 22.2% during the second quarter. Vulcan Value Partners LLC now owns 1,567,428 shares of the business services provider’s stock worth $50,456,000 after acquiring an additional 284,842 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Genpact Company Profile

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.