Donald J. Klunk Sells 458 Shares of Genpact Limited (NYSE:G) Stock

Genpact Limited (NYSE:G) CAO Donald J. Klunk sold 458 shares of the business’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $44.88, for a total value of $20,555.04. Following the sale, the chief accounting officer now owns 14,755 shares in the company, valued at approximately $662,204.40. The trade was a 3.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Genpact Stock Performance

Shares of NYSE G opened at $45.82 on Friday. The stock’s 50-day moving average is $40.24 and its 200 day moving average is $36.41. The stock has a market cap of $8.08 billion, a price-to-earnings ratio of 12.59, a P/E/G ratio of 1.53 and a beta of 1.13. Genpact Limited has a 1-year low of $30.23 and a 1-year high of $47.98. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50.

Genpact Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Stockholders of record on Monday, December 9th will be issued a $0.1525 dividend. The ex-dividend date of this dividend is Monday, December 9th. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.33%. Genpact’s payout ratio is 16.76%.

Analyst Upgrades and Downgrades

G has been the topic of several analyst reports. BMO Capital Markets upped their price target on Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a research report on Monday, August 12th. TD Cowen increased their target price on shares of Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Robert W. Baird boosted their price target on shares of Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Jefferies Financial Group increased their price objective on Genpact from $35.00 to $40.00 and gave the stock a “hold” rating in a research report on Monday, September 9th. Finally, Needham & Company LLC boosted their target price on Genpact from $42.00 to $55.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Genpact has an average rating of “Hold” and an average target price of $42.33.

Institutional Investors Weigh In On Genpact

Institutional investors have recently made changes to their positions in the business. Advisors Asset Management Inc. grew its position in Genpact by 3.4% during the 3rd quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock worth $270,000 after acquiring an additional 226 shares during the last quarter. Lecap Asset Management Ltd. grew its holdings in shares of Genpact by 2.1% in the third quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider’s stock worth $708,000 after purchasing an additional 364 shares during the last quarter. Suncoast Equity Management increased its stake in shares of Genpact by 3.1% in the third quarter. Suncoast Equity Management now owns 12,600 shares of the business services provider’s stock worth $494,000 after buying an additional 375 shares during the period. Sawyer & Company Inc raised its holdings in Genpact by 1.1% during the 3rd quarter. Sawyer & Company Inc now owns 36,243 shares of the business services provider’s stock valued at $1,421,000 after buying an additional 400 shares during the last quarter. Finally, Cloverfields Capital Group LP boosted its position in Genpact by 1.5% during the 1st quarter. Cloverfields Capital Group LP now owns 28,950 shares of the business services provider’s stock valued at $954,000 after buying an additional 416 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.