Insider Selling: Genpact Limited (NYSE:G) CEO Sells 13,600 Shares of Stock

Genpact Limited (NYSE:G) CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction that occurred on Friday, December 13th. The shares were sold at an average price of $44.60, for a total value of $606,560.00. Following the transaction, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at approximately $11,926,218.40. The trade was a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Balkrishan Kalra also recently made the following trade(s):

• On Monday, November 25th, Balkrishan Kalra sold 9,000 shares of Genpact stock. The shares were sold at an average price of $46.40, for a total transaction of $417,600.00.

Genpact Stock Down 0.9 %

Shares of NYSE G opened at $43.25 on Wednesday. Genpact Limited has a 1 year low of $30.23 and a 1 year high of $47.98. 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 company has a market capitalization of $7.63 billion, a P/E ratio of 11.88, a P/E/G ratio of 1.56 and a beta of 1.18. The company has a 50 day simple moving average of $42.46 and a 200-day simple moving average of $37.89.

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be paid a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a yield of 1.41%. The ex-dividend date of this dividend is Monday, December 9th. Genpact’s dividend payout ratio (DPR) is presently 16.76%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Advisors Asset Management Inc. raised its position in Genpact by 3.4% in the 3rd quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock valued at $270,000 after purchasing an additional 226 shares in the last quarter. Lecap Asset Management Ltd. raised its holdings in shares of Genpact by 2.1% in the 3rd quarter. Lecap Asset Management Ltd. now owns 18,059 shares of the business services provider’s stock valued at $708,000 after purchasing an additional 364 shares in the last quarter. Suncoast Equity Management lifted its position in shares of Genpact by 3.1% during the 3rd quarter. Suncoast Equity Management now owns 12,600 shares of the business services provider’s stock worth $494,000 after purchasing an additional 375 shares during the last quarter. Sawyer & Company Inc grew its stake in shares of Genpact by 1.1% during the third quarter. Sawyer & Company Inc now owns 36,243 shares of the business services provider’s stock worth $1,421,000 after purchasing an additional 400 shares in the last quarter. Finally, United Services Automobile Association increased its holdings in Genpact by 3.3% in the second quarter. United Services Automobile Association now owns 13,388 shares of the business services provider’s stock valued at $431,000 after buying an additional 433 shares during the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on G shares. TD Cowen lifted their target price on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Needham & Company LLC upped their target price on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. raised their target price on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, September 6th. Jefferies Financial Group lifted their target price on shares of Genpact from $35.00 to $40.00 and gave the company a “hold” rating in a report on Monday, September 9th. Finally, Robert W. Baird boosted their price objective on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Eight research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $42.33.

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.