Key Points
- Genpact SVP Anil Nanduru sold 6,191 shares at an average price of $37.03, totaling approximately $229,253. The sale reduced his direct ownership by 8.1% to 70,253 shares.
- Genpact shares opened at $36.92, with the company reporting quarterly EPS of $1.00 on $1.34 billion in revenue. The company also declared a quarterly dividend of $0.1875 per share, representing a 2.0% yield.
- Analysts maintain a consensus “Hold” rating with an average price target of $39.33, while institutional investors own approximately 96.03% of Genpact’s outstanding stock.
Genpact Limited (NYSE:G - Get Free Report) SVP Anil Nanduru sold 6,191 shares of Genpact stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total transaction of $229,252.73. Following the transaction, the senior vice president directly owned 70,253 shares in the company, valued at approximately $2,601,468.59. The trade was a 8.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Genpact Stock Up 1.4%
Genpact stock opened at $36.92 on Friday. The business has a fifty day moving average of $31.57 and a two-hundred day moving average of $34.47. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.44. The firm has a market cap of $6.20 billion, a P/E ratio of 10.96, a P/E/G ratio of 0.97 and a beta of 0.57. Genpact Limited has a twelve month low of $26.85 and a twelve month high of $48.64.
Genpact (NYSE:G - Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The business services provider reported $1.00 earnings per share (EPS) for the quarter. The business had revenue of $1.34 billion for the quarter. Genpact had a return on equity of 23.34% and a net margin of 11.04%. On average, analysts forecast that Genpact Limited will post 3.67 earnings per share for the current fiscal year.
Genpact Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 24th. Shareholders of record on Thursday, September 10th will be paid a $0.1875 dividend. This represents a $0.75 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, September 10th. Genpact's dividend payout ratio (DPR) is 22.26%.
Analysts Set New Price Targets
Several analysts have recently commented on G shares. Citigroup increased their price objective on Genpact from $32.00 to $36.00 and gave the company a "neutral" rating in a report on Friday, August 7th. TD Cowen upped their target price on Genpact from $42.00 to $43.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Weiss Ratings cut Genpact from a "hold (c)" rating to a "hold (c-)" rating in a research note on Wednesday, June 24th. Robert W. Baird lowered their price target on Genpact from $45.00 to $38.00 and set a "neutral" rating for the company in a report on Tuesday, July 7th. Finally, JPMorgan Chase & Co. boosted their price target on Genpact from $40.00 to $45.00 and gave the stock a "neutral" rating in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $39.33.
View Our Latest Report on G
Institutional Investors Weigh In On Genpact
Several institutional investors and hedge funds have recently made changes to their positions in the stock. AQR Capital Management LLC raised its position in Genpact by 90.9% during the fourth quarter. AQR Capital Management LLC now owns 6,575,115 shares of the business services provider's stock worth $307,584,000 after acquiring an additional 3,131,643 shares during the period. FIL Ltd grew its position in shares of Genpact by 114.4% in the fourth quarter. FIL Ltd now owns 4,802,854 shares of the business services provider's stock valued at $224,678,000 after purchasing an additional 2,562,484 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Genpact by 26.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,010,764 shares of the business services provider's stock valued at $234,409,000 after purchasing an additional 1,032,554 shares during the period. Nalanda India Equity Fund Ltd grew its position in shares of Genpact by 8.0% in the fourth quarter. Nalanda India Equity Fund Ltd now owns 13,702,500 shares of the business services provider's stock valued at $641,003,000 after purchasing an additional 1,015,556 shares during the period. Finally, Millennium Management LLC increased its stake in shares of Genpact by 1,531.9% during the fourth quarter. Millennium Management LLC now owns 1,046,671 shares of the business services provider's stock worth $48,963,000 after purchasing an additional 982,532 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.
About Genpact
(
Get Free Report)
Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.
Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.
Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.
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