Key Points
- Genpact SVP Piyush Mehta sold 200,000 shares for $8.61 million, reducing his direct stake by 56.05%; he retained 156,823 shares after the transaction.
- Genpact beat quarterly earnings expectations, reporting EPS of $1.07 versus the $1.04 consensus, while revenue rose 7.3% year over year.
- The company declared a quarterly dividend of $0.1875 per share, equivalent to $0.75 annually and a 1.7% yield. Analysts’ average rating was Hold, with an average price target of $41.89.
Genpact Limited (NYSE:G - Get Free Report) SVP Piyush Mehta sold 200,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 10th. The stock was sold at an average price of $43.05, for a total transaction of $8,610,000.00. Following the completion of the transaction, the senior vice president directly owned 156,823 shares in the company, valued at approximately $6,751,230.15. The trade was a 56.05% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Genpact Stock Performance
NYSE G traded up $0.54 during trading hours on Friday, hitting $43.67. 2,444,134 shares of the company's stock traded hands, compared to its average volume of 2,083,718. The business's fifty day moving average price is $37.07 and its two-hundred day moving average price is $35.47. The company has a current ratio of 1.95, a quick ratio of 2.00 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $7.30 billion, a P/E ratio of 12.73, a P/E/G ratio of 1.12 and a beta of 0.53. Genpact Limited has a 52 week low of $26.85 and a 52 week high of $48.64.
Genpact (NYSE:G - Get Free Report) last announced its earnings results on Thursday, November 5th. The business services provider reported $1.07 EPS for the quarter, beating analysts' consensus estimates of $1.04 by $0.03. Genpact had a net margin of 11.04% and a return on equity of 23.02%. During the same quarter in the previous year, the company earned $0.97 earnings per share. The company's quarterly revenue was up 7.3% compared to the same quarter last year. Equities research analysts predict that Genpact Limited will post 3.66 EPS for the current year.
Genpact Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 23rd. Stockholders of record on Thursday, December 10th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, December 10th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 1.7%. Genpact's payout ratio is presently 21.87%.
Recent Genpact Headlines
Here are a few of the latest headlines about G:
Institutional Investors Weigh In On Genpact
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pension & Wealth Management Advisors Inc. bought a new position in shares of Genpact in the third quarter worth approximately $27,000. Root Financial Partners LLC bought a new stake in shares of Genpact during the 3rd quarter valued at $30,000. Basecamp Wealth Advisors LLC raised its position in shares of Genpact by 54.7% during the 1st quarter. Basecamp Wealth Advisors LLC now owns 1,046 shares of the business services provider's stock valued at $39,000 after purchasing an additional 370 shares during the period. Elevation Wealth Partners LLC raised its position in shares of Genpact by 57.2% during the 3rd quarter. Elevation Wealth Partners LLC now owns 1,339 shares of the business services provider's stock valued at $44,000 after purchasing an additional 487 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Genpact during the 3rd quarter valued at $77,000. Institutional investors own 96.03% of the company's stock.
Analyst Ratings Changes
G has been the subject of several analyst reports. BMO Capital Markets restated a "market perform" rating and issued a $40.00 price objective on shares of Genpact in a research note on Friday, August 7th. Citigroup lifted their target price on Genpact from $36.00 to $44.00 and gave the company a "neutral" rating in a research report on Monday, November 9th. TD Cowen lifted 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. Wall Street Zen lowered Genpact from a "buy" rating to a "hold" rating in a report on Saturday, November 7th. Finally, JPMorgan Chase & Co. upped their price target on Genpact from $40.00 to $45.00 and gave the stock a "neutral" rating in a research report on Friday, August 7th. Two research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Genpact currently has an average rating of "Hold" and an average target price of $41.89.
View Our Latest Report on Genpact
About Genpact
(
Get Free Report)
Genpact is a global professional services company that helps businesses improve operations and pursue digital transformation. Its services include business process management, consulting, data and analytics, artificial intelligence, and technology implementation. The company works with clients across industries such as banking and financial services, insurance, consumer goods, healthcare, life sciences, manufacturing, and technology. It serves organizations around the world through its global operations.
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