Genpact Limited (G) Insider Sells $43,112,338.72 in Stock
Genpact Limited (NYSE:G) insider Private Ltd Gic sold 1,501,126 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $28.72, for a total transaction of $43,112,338.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Genpact Limited (G) opened at 28.49 on Monday. The stock has a 50 day moving average of $28.57 and a 200-day moving average of $26.09. Genpact Limited has a 52 week low of $22.58 and a 52 week high of $31.93. The stock has a market cap of $5.50 billion, a P/E ratio of 21.52 and a beta of 0.50.
Genpact Limited (NYSE:G) last posted its earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.10. The firm had revenue of $670.70 million during the quarter, compared to analysts’ expectations of $642.68 million. Genpact Limited had a net margin of 10.22% and a return on equity of 23.33%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.36 earnings per share. Analysts forecast that Genpact Limited will post $1.56 earnings per share for the current year.
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A number of hedge funds have recently bought and sold shares of G. Bank of Montreal Can boosted its stake in shares of Genpact Limited by 1.2% in the first quarter. Bank of Montreal Can now owns 117,378 shares of the business services provider’s stock worth $2,906,000 after buying an additional 1,379 shares during the last quarter. Huntington National Bank boosted its stake in shares of Genpact Limited by 4,164.6% in the first quarter. Huntington National Bank now owns 11,685 shares of the business services provider’s stock worth $289,000 after buying an additional 11,411 shares during the last quarter. First Quadrant L P CA boosted its stake in shares of Genpact Limited by 14.3% in the first quarter. First Quadrant L P CA now owns 911,545 shares of the business services provider’s stock worth $22,570,000 after buying an additional 113,951 shares during the last quarter. First Mercantile Trust Co. boosted its stake in shares of Genpact Limited by 8.6% in the first quarter. First Mercantile Trust Co. now owns 19,697 shares of the business services provider’s stock worth $488,000 after buying an additional 1,557 shares during the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Genpact Limited during the first quarter worth $404,000. Hedge funds and other institutional investors own 92.25% of the company’s stock.
G has been the topic of a number of recent analyst reports. Zacks Investment Research raised shares of Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price target on the stock in a research note on Tuesday, August 8th. Wedbush reaffirmed an “outperform” rating and set a $33.00 price target on shares of Genpact Limited in a research note on Wednesday, August 9th. BidaskClub raised shares of Genpact Limited from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. Cowen and Company reaffirmed an “outperform” rating and set a $33.00 price target (up previously from $30.00) on shares of Genpact Limited in a research note on Thursday, August 3rd. Finally, Deutsche Bank AG increased their price target on shares of Genpact Limited from $26.00 to $28.00 and gave the stock a “hold” rating in a research note on Thursday, August 3rd. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $31.14.
About Genpact Limited
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.
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