Insider Selling: Genpact Limited (NYSE:G) CEO Sells $664,904.00 in Stock

Genpact Limited (NYSE:G) CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $48.89, for a total transaction of $664,904.00. Following the transaction, the chief executive officer now owns 310,246 shares in the company, valued at approximately $15,167,926.94. This represents a 4.20 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

Genpact Trading Up 1.6 %

NYSE G opened at $50.12 on Monday. The company has a fifty day simple moving average of $49.57 and a two-hundred day simple moving average of $44.30. The stock has a market cap of $8.80 billion, a P/E ratio of 17.65, a P/E/G ratio of 1.84 and a beta of 1.16. Genpact Limited has a 12-month low of $30.23 and a 12-month high of $56.76. The company has a current ratio of 2.16, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50.

Genpact (NYSE:G) last issued its earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.04). Genpact had a return on equity of 22.50% and a net margin of 10.77%. On average, analysts forecast that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.36%. The ex-dividend date is Tuesday, March 11th. This is a boost from Genpact’s previous quarterly dividend of $0.15. Genpact’s dividend payout ratio (DPR) is 23.94%.

Analyst Ratings Changes

A number of research firms recently commented on G. TD Cowen raised shares of Genpact from a “hold” rating to a “buy” rating and increased their target price for the company from $45.00 to $60.00 in a research report on Friday, February 7th. Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and increased their target price for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. Mizuho increased their target price on shares of Genpact from $45.00 to $55.00 and gave the company a “neutral” rating in a research report on Monday, February 10th. Finally, Needham & Company LLC increased their target price on shares of Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Genpact currently has a consensus rating of “Hold” and a consensus price target of $48.44.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Atlas Capital Advisors Inc. raised its holdings in shares of Genpact by 55.8% during the fourth quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider’s stock worth $26,000 after purchasing an additional 216 shares during the last quarter. Advisors Asset Management Inc. grew its position in Genpact by 3.4% during the third quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock valued at $270,000 after buying an additional 226 shares during the period. Stifel Financial Corp grew its position in Genpact by 1.0% during the fourth quarter. Stifel Financial Corp now owns 30,821 shares of the business services provider’s stock valued at $1,324,000 after buying an additional 291 shares during the period. CIBC Asset Management Inc grew its position in Genpact by 5.5% during the fourth quarter. CIBC Asset Management Inc now owns 5,692 shares of the business services provider’s stock valued at $244,000 after buying an additional 297 shares during the period. Finally, Tealwood Asset Management Inc. grew its position in Genpact by 1.4% during the fourth quarter. Tealwood Asset Management Inc. now owns 24,658 shares of the business services provider’s stock valued at $1,059,000 after buying an additional 339 shares during the period. Hedge funds and other institutional investors own 96.03% of the company’s stock.

About Genpact

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.