Genpact Limited (G) SVP Arvinder Singh Sells 22,855 Shares

Genpact Limited (NYSE:G) SVP Arvinder Singh sold 22,855 shares of the business’s stock in a transaction on Friday, December 15th. The stock was sold at an average price of $32.23, for a total transaction of $736,616.65. Following the completion of the transaction, the senior vice president now directly owns 37,623 shares in the company, valued at approximately $1,212,589.29. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Shares of Genpact Limited (NYSE:G) opened at $32.64 on Tuesday. Genpact Limited has a 1 year low of $23.34 and a 1 year high of $32.65. The firm has a market cap of $6,219.81, a price-to-earnings ratio of 20.92, a P/E/G ratio of 2.20 and a beta of 0.58. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.65 and a quick ratio of 1.65.

Genpact (NYSE:G) last announced its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.10. Genpact had a net margin of 10.18% and a return on equity of 23.86%. The company had revenue of $708.82 million for the quarter, compared to analysts’ expectations of $685.25 million. During the same quarter in the previous year, the business posted $0.37 earnings per share. Genpact’s quarterly revenue was up 9.3% on a year-over-year basis. analysts forecast that Genpact Limited will post 1.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Friday, December 8th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, December 7th. Genpact’s dividend payout ratio is presently 17.39%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Russell Investments Group Ltd. increased its position in Genpact by 55.9% during the second quarter. Russell Investments Group Ltd. now owns 187,467 shares of the business services provider’s stock valued at $5,217,000 after acquiring an additional 67,250 shares during the last quarter. Sei Investments Co. increased its position in Genpact by 66.6% during the second quarter. Sei Investments Co. now owns 137,929 shares of the business services provider’s stock valued at $3,838,000 after acquiring an additional 55,120 shares during the last quarter. Schwab Charles Investment Management Inc. increased its position in Genpact by 7.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 814,958 shares of the business services provider’s stock valued at $22,681,000 after acquiring an additional 57,730 shares during the last quarter. First Trust Advisors LP increased its position in Genpact by 116.7% during the second quarter. First Trust Advisors LP now owns 77,432 shares of the business services provider’s stock valued at $2,155,000 after acquiring an additional 41,695 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Genpact by 27.0% during the second quarter. SG Americas Securities LLC now owns 5,642 shares of the business services provider’s stock valued at $157,000 after acquiring an additional 1,200 shares during the last quarter. Institutional investors own 91.16% of the company’s stock.

Several equities analysts have recently commented on G shares. Zacks Investment Research raised shares of Genpact from a “sell” rating to a “hold” rating and set a $35.00 target price on the stock in a report on Friday, November 10th. Robert W. Baird reissued a “buy” rating and issued a $38.00 target price on shares of Genpact in a report on Friday, November 10th. SunTrust Banks reissued a “buy” rating and issued a $34.00 target price on shares of Genpact in a report on Monday, October 9th. BMO Capital Markets reissued a “hold” rating on shares of Genpact in a report on Friday, October 6th. Finally, Cantor Fitzgerald reissued a “buy” rating and issued a $32.00 target price on shares of Genpact in a report on Wednesday, September 13th. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $33.38.

COPYRIGHT VIOLATION NOTICE: This piece was posted by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this piece on another website, it was stolen and republished in violation of United States & international copyright legislation. The legal version of this piece can be accessed at https://sportsperspectives.com/2017/12/19/genpact-limited-g-svp-arvinder-singh-sells-22855-shares.html.

Genpact Company Profile

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

Insider Buying and Selling by Quarter for Genpact (NYSE:G)

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.

Latest News

Leave a Reply