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

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

Genpact Stock Up 0.6%

G stock opened at $37.16 on Friday. The stock has a market capitalization of $6.24 billion, a PE ratio of 11.03, a price-to-earnings-growth ratio of 0.98 and a beta of 0.57. Genpact Limited has a 52 week low of $26.85 and a 52 week high of $48.64. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 0.44. The firm has a 50 day moving average of $31.68 and a 200 day moving average of $34.49.

Genpact (NYSE:G) last issued its quarterly earnings results on Tuesday, June 30th. The business services provider reported $1.00 earnings per share (EPS) for the quarter. Genpact had a net margin of 11.04% and a return on equity of 23.34%. The business had revenue of $1.34 billion for the quarter. Sell-side analysts forecast 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. Shareholders of record on Thursday, September 10th will be given a dividend of $0.1875 per share. The ex-dividend date of this dividend is Thursday, September 10th. This represents a $0.75 dividend on an annualized basis and a yield of 2.0%. Genpact’s payout ratio is currently 22.26%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft set a $31.00 price objective on Genpact in a research note on Friday, July 10th. Weiss Ratings downgraded shares of Genpact from a “hold (c)” rating to a “hold (c-)” rating in a report on Wednesday, June 24th. Needham & Company LLC reduced their price target on shares of Genpact from $50.00 to $45.00 and set a “buy” rating for the company in a research report on Friday, August 7th. BMO Capital Markets restated a “market perform” rating and set a $40.00 price objective on shares of Genpact in a research note on Friday, August 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Genpact from $40.00 to $45.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, Genpact presently has a consensus rating of “Hold” and a consensus target price of $39.33.

Institutional Investors Weigh In On Genpact

A number of hedge funds and other institutional investors have recently made changes to their positions in G. Osbon Capital Management LLC acquired a new position in shares of Genpact in the 4th quarter valued at $25,000. iSAM Funds UK Ltd acquired a new stake in Genpact during the third quarter valued at $29,000. Johnson Financial Group Inc. purchased a new position in Genpact in the third quarter valued at $29,000. Larson Financial Group LLC increased its holdings in Genpact by 428.4% in the fourth quarter. Larson Financial Group LLC now owns 708 shares of the business services provider’s stock valued at $33,000 after buying an additional 574 shares in the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Genpact in the fourth quarter worth about $33,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

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.