Genpact Limited (NYSE:G) SVP Piyush Mehta Sells 12,000 Shares of Stock

Genpact Limited (NYSE:G) SVP Piyush Mehta sold 12,000 shares of the business’s stock in a transaction that occurred on Friday, January 10th. The stock was sold at an average price of $42.83, for a total transaction of $513,960.00. Following the completion of the sale, the senior vice president now directly owns 151,182 shares of the company’s stock, valued at $6,475,125.06. This represents a 7.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Genpact Trading Down 0.2 %

Shares of NYSE:G opened at $44.20 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. The stock’s 50-day moving average is $44.32 and its 200-day moving average is $39.51. The company has a market cap of $7.80 billion, a P/E ratio of 12.14, a P/E/G ratio of 1.54 and a beta of 1.18. Genpact Limited has a 52-week low of $30.23 and a 52-week high of $47.98.

Genpact Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Shareholders of record on Monday, December 9th were issued a $0.1525 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date was Monday, December 9th. Genpact’s dividend payout ratio (DPR) is currently 16.76%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on G shares. TD Cowen upped their price objective on shares of Genpact from $40.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Robert W. Baird upped their price target on Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC increased their price objective on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 11th. Eight equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Genpact presently has an average rating of “Hold” and a consensus target price of $42.33.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in G. Venturi Wealth Management LLC grew its stake in shares of Genpact by 74.6% in the third quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after acquiring an additional 1,121 shares during the last quarter. Versant Capital Management Inc boosted its holdings in Genpact by 17.0% in the 4th quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider’s stock valued at $136,000 after purchasing an additional 461 shares during the period. GAMMA Investing LLC boosted its holdings in Genpact by 221.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 2,293 shares during the period. Centaurus Financial Inc. acquired a new stake in Genpact in the 3rd quarter worth $159,000. Finally, Everence Capital Management Inc. bought a new position in shares of Genpact during the 4th quarter worth about $210,000. 96.03% of the stock is owned by institutional investors.

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.