Genpact Limited (NYSE:G) SVP Heather White sold 15,513 shares of the stock in a transaction dated Tuesday, January 12th. The stock was sold at an average price of $41.14, for a total transaction of $638,204.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
Genpact stock opened at $40.88 on Thursday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.64 and a current ratio of 1.64. Genpact Limited has a 52-week low of $19.41 and a 52-week high of $45.20. The firm has a 50 day moving average price of $41.25 and a two-hundred day moving average price of $39.52. The firm has a market cap of $7.74 billion, a price-to-earnings ratio of 25.39, a PEG ratio of 2.36 and a beta of 1.32.
Genpact (NYSE:G) last released its quarterly earnings results on Monday, November 2nd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.07. The firm had revenue of $935.50 million during the quarter, compared to analyst estimates of $903.78 million. Genpact had a net margin of 8.53% and a return on equity of 21.81%. The company’s revenue was up 5.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.56 EPS. As a group, equities research analysts predict that Genpact Limited will post 1.8 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in G. Huntington National Bank grew its position in Genpact by 42.5% in the 4th quarter. Huntington National Bank now owns 1,486 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 443 shares during the period. Cerebellum GP LLC acquired a new stake in Genpact in the 3rd quarter valued at $59,000. Advisors Asset Management Inc. grew its position in Genpact by 163.6% in the 3rd quarter. Advisors Asset Management Inc. now owns 1,732 shares of the business services provider’s stock valued at $67,000 after purchasing an additional 1,075 shares during the period. World Asset Management Inc acquired a new stake in Genpact in the 3rd quarter valued at $203,000. Finally, PNC Financial Services Group Inc. grew its position in Genpact by 39.1% in the 2nd quarter. PNC Financial Services Group Inc. now owns 5,631 shares of the business services provider’s stock valued at $205,000 after purchasing an additional 1,584 shares during the period. 81.99% of the stock is owned by institutional investors.
A number of brokerages recently issued reports on G. BMO Capital Markets dropped their price objective on shares of Genpact from $48.00 to $42.00 and set a “market perform” rating for the company in a report on Tuesday, November 3rd. Needham & Company LLC dropped their price objective on shares of Genpact from $48.00 to $45.00 and set a “buy” rating for the company in a report on Tuesday, November 3rd. Finally, BidaskClub lowered shares of Genpact from a “hold” rating to a “sell” rating in a report on Wednesday, December 30th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $43.89.
Genpact Company Profile
Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. It operates in three segments: Banking, Capital Markets and Insurance; Consumer Goods, Retail, Life Sciences and Healthcare; and High Tech, Manufacturing and Services.
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