Balkrishan Kalra Sells 13,600 Shares of Genpact Limited (NYSE:G) Stock

Genpact Limited (NYSE:G) CEO Balkrishan Kalra sold 13,600 shares of the firm’s stock in a transaction on Friday, December 13th. The shares were sold at an average price of $44.60, for a total transaction of $606,560.00. Following the completion of the sale, the chief executive officer now owns 267,404 shares in the company, valued at $11,926,218.40. The trade was a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at 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 value of $417,600.00.

Genpact Price Performance

G stock opened at $42.07 on Thursday. The company has a current ratio of 1.85, a quick ratio of 1.85 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $7.42 billion, a P/E ratio of 11.56, a PEG ratio of 1.56 and a beta of 1.18. The business has a 50 day simple moving average of $42.55 and a 200-day simple moving average of $37.97. Genpact Limited has a twelve month low of $30.23 and a twelve month high of $47.98.

Genpact Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be given a dividend of $0.1525 per share. This represents a $0.61 annualized dividend and a yield of 1.45%. The ex-dividend date of this dividend is Monday, December 9th. Genpact’s payout ratio is currently 16.76%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Jefferies Financial Group upped 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. Needham & Company LLC upped their price target on Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a report on Monday, November 11th. TD Cowen increased their price target on shares of Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. boosted their price objective on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Finally, Robert W. Baird increased their target price 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. Eight investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $42.33.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. DGS Capital Management LLC grew its stake in shares of Genpact by 69.7% in the 3rd quarter. DGS Capital Management LLC now owns 45,800 shares of the business services provider’s stock valued at $1,796,000 after purchasing an additional 18,811 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in shares of Genpact during the third quarter worth $1,323,000. Franklin Resources Inc. grew its position in Genpact by 6.5% in the 3rd quarter. Franklin Resources Inc. now owns 4,148,185 shares of the business services provider’s stock valued at $162,318,000 after buying an additional 252,674 shares during the last quarter. Sanctuary Advisors LLC increased its stake in shares of Genpact by 52.9% during the third quarter. Sanctuary Advisors LLC now owns 16,573 shares of the business services provider’s stock worth $650,000 after acquiring an additional 5,734 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Genpact by 12.6% during the third quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock worth $148,142,000 after purchasing an additional 413,646 shares in the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

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.