Genpact Limited (NYSE:G – Get Free Report) SVP Anil Nanduru sold 6,191 shares of Genpact stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $37.03, for a total value of $229,252.73. Following the completion of the transaction, the senior vice president owned 70,253 shares in the company, valued at $2,601,468.59. This trade represents a 8.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Genpact Stock Performance
Shares of NYSE:G traded up $0.52 during trading on Thursday, reaching $36.92. The company had a trading volume of 5,121,822 shares, compared to its average volume of 2,531,701. Genpact Limited has a fifty-two week low of $26.85 and a fifty-two week high of $48.64. The company has a debt-to-equity ratio of 0.44, a current ratio of 2.00 and a quick ratio of 2.00. The stock’s fifty day moving average price is $31.48 and its 200 day moving average price is $34.52. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 10.96, a price-to-earnings-growth ratio of 0.92 and a beta of 0.57.
Genpact (NYSE:G – Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The business services provider reported $1.00 earnings per share for the quarter. Genpact had a return on equity of 23.34% and a net margin of 11.04%.The firm had revenue of $1.34 billion during the quarter. As a group, equities research analysts predict that Genpact Limited will post 3.67 EPS for the current year.
Genpact Announces Dividend
Institutional Investors Weigh In On Genpact
Hedge funds and other institutional investors have recently bought and sold shares of the business. Osbon Capital Management LLC acquired a new position in shares of Genpact during the 4th quarter worth $25,000. iSAM Funds UK Ltd purchased a new stake in Genpact during the third quarter worth about $29,000. Johnson Financial Group Inc. purchased a new stake in Genpact during the third quarter worth about $29,000. Larson Financial Group LLC grew its position in Genpact by 428.4% during the fourth quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock worth $33,000 after buying an additional 574 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new position in Genpact during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 96.03% of the company’s stock.
Wall Street Analyst Weigh In
G has been the topic of a number of recent analyst reports. Needham & Company LLC dropped their price target on shares of Genpact from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Friday, August 7th. TD Cowen raised their price objective on shares of Genpact from $42.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Susquehanna lifted their price objective on Genpact from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, August 7th. JPMorgan Chase & Co. lifted their price objective on Genpact from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Finally, Mizuho dropped their target price on Genpact from $49.00 to $39.00 and set a “neutral” rating on the stock in a research report on Monday, May 11th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $39.33.
View Our Latest Research Report on Genpact
About Genpact
Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.
Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.
Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.
Further Reading
- Five stocks we like better than Genpact
- 3 Energy Stocks Raising Dividends as the Sector Surges
- 5 Reasons the S&P 500 Could Keep Rallying Through Year-End
- Walmart’s Post-Earnings Drop Could Be a Buying Opportunity
- The Trade Desk’s Earnings Miss Raises a Bigger Question About Its AI Future
Receive News & Ratings for Genpact Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Genpact and related companies with MarketBeat.com's FREE daily email newsletter.
