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.

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

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