Genpact (NYSE:G) SVP Anil Nanduru Sells 6,191 Shares of Stock

Genpact Limited (NYSE:G) SVP Anil Nanduru sold 6,191 shares of Genpact stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $37.03, for a total value of $229,252.73. Following the completion of the transaction, the senior vice president owned 70,253 shares of the company’s stock, valued at approximately $2,601,468.59. This trade represents a 8.10% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

Genpact Stock Performance

NYSE:G opened at $36.92 on Friday. The firm has a market capitalization of $6.20 billion, a PE ratio of 10.96, a PEG ratio of 0.97 and a beta of 0.57. The stock’s fifty day moving average is $31.57 and its 200 day moving average is $34.47. Genpact Limited has a fifty-two week low of $26.85 and a fifty-two week high of $48.64. The company has a debt-to-equity ratio of 0.44, a quick ratio of 2.00 and a current ratio of 2.00.

Genpact (NYSE:G) last posted its quarterly earnings data on Tuesday, June 30th. The business services provider reported $1.00 EPS for the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. The company had revenue of $1.34 billion during the quarter. On average, sell-side analysts anticipate that Genpact Limited will post 3.67 earnings per share for the current year.

Genpact Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.0%. The ex-dividend date is Thursday, September 10th. Genpact’s dividend payout ratio is presently 22.26%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Osbon Capital Management LLC purchased a new stake in shares of Genpact in the 4th quarter worth $25,000. iSAM Funds UK Ltd purchased a new position in shares of Genpact during the third quarter valued at $29,000. Johnson Financial Group Inc. bought a new stake in shares of Genpact in the third quarter valued at about $29,000. Larson Financial Group LLC lifted its stake in Genpact by 428.4% in the fourth quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock worth $33,000 after acquiring an additional 574 shares during the period. Finally, Los Angeles Capital Management LLC purchased a new stake in Genpact in the fourth quarter worth about $33,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. BMO Capital Markets restated a “market perform” rating and set a $40.00 target price on shares of Genpact in a research report on Friday, August 7th. Robert W. Baird decreased their price target on Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a research note on Tuesday, July 7th. Mizuho dropped their price objective on Genpact from $49.00 to $39.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Needham & Company LLC cut their price objective on Genpact from $50.00 to $45.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Finally, TD Cowen increased their target price on Genpact from $42.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $39.33.

About Genpact

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.