Genpact Limited (NYSE:G) CEO N. V. Tyagarajan sold 70,000 shares of the company’s stock in a transaction on Friday, April 16th. The stock was sold at an average price of $45.01, for a total value of $3,150,700.00. Following the sale, the chief executive officer now owns 693,765 shares of the company’s stock, valued at $31,226,362.65. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Genpact stock opened at $44.52 on Tuesday. The company has a market capitalization of $8.33 billion, a PE ratio of 27.65, a PEG ratio of 2.13 and a beta of 1.32. Genpact Limited has a 12-month low of $29.42 and a 12-month high of $45.21. The firm’s fifty day moving average is $43.16 and its 200 day moving average is $40.86. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.74.
Genpact (NYSE:G) last issued its earnings results on Monday, February 8th. The business services provider reported $0.51 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.49 by $0.02. The company had revenue of $950.57 million during the quarter, compared to the consensus estimate of $933.93 million. Genpact had a return on equity of 21.81% and a net margin of 8.53%. Sell-side analysts expect that Genpact Limited will post 1.8 EPS for the current fiscal year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bessemer Group Inc. lifted its holdings in Genpact by 953.0% during the fourth quarter. Bessemer Group Inc. now owns 874 shares of the business services provider’s stock worth $36,000 after acquiring an additional 791 shares during the period. Perigon Wealth Management LLC purchased a new stake in Genpact in the 4th quarter worth about $48,000. Huntington National Bank raised its stake 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 acquiring an additional 443 shares during the period. Neo Ivy Capital Management lifted its holdings in Genpact by 268.7% during the fourth quarter. Neo Ivy Capital Management now owns 2,190 shares of the business services provider’s stock valued at $91,000 after purchasing an additional 1,596 shares during the last quarter. Finally, Nisa Investment Advisors LLC boosted its position in Genpact by 20.4% during the fourth quarter. Nisa Investment Advisors LLC now owns 2,770 shares of the business services provider’s stock worth $115,000 after purchasing an additional 470 shares during the period. Hedge funds and other institutional investors own 97.52% of the company’s stock.
A number of equities research analysts have recently weighed in on G shares. Zacks Investment Research downgraded shares of Genpact from a “buy” rating to a “hold” rating and set a $42.00 price target on the stock. in a research note on Tuesday, February 2nd. Needham & Company LLC increased their price target on Genpact from $45.00 to $50.00 and gave the company a “buy” rating in a research note on Wednesday, February 10th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Genpact currently has a consensus rating of “Buy” and an average price target of $42.88.
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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