Genpact Limited (NYSE:G) SVP Heather White sold 1,058 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $36.08, for a total transaction of $38,172.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Genpact stock traded up $0.41 during trading on Friday, hitting $38.09. The stock had a trading volume of 2,912,580 shares, compared to its average volume of 948,195. The stock’s 50 day simple moving average is $36.72. Genpact Limited has a 1 year low of $25.48 and a 1 year high of $38.33. The stock has a market cap of $7.19 billion, a P/E ratio of 23.81, a PEG ratio of 2.05 and a beta of 0.83. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.82.
Genpact (NYSE:G) last announced its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.07. Genpact had a net margin of 8.91% and a return on equity of 22.33%. The firm had revenue of $809.21 million for the quarter, compared to the consensus estimate of $764.50 million. During the same period in the previous year, the firm posted $0.39 earnings per share. The firm’s revenue was up 17.5% on a year-over-year basis. On average, sell-side analysts predict that Genpact Limited will post 1.71 earnings per share for the current year.
Several brokerages recently weighed in on G. Needham & Company LLC began coverage on shares of Genpact in a research report on Friday, June 14th. They issued a “buy” rating on the stock. Zacks Investment Research downgraded shares of Genpact from a “buy” rating to a “hold” rating in a research report on Thursday, May 9th. ValuEngine upgraded shares of Genpact from a “hold” rating to a “buy” rating in a research report on Friday, March 29th. Cantor Fitzgerald restated a “buy” rating and set a $36.00 price target on shares of Genpact in a research report on Sunday, March 3rd. Finally, Wells Fargo & Co upgraded shares of Genpact from a “market perform” rating to an “outperform” rating and set a $33.25 price target on the stock in a research report on Friday, March 8th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Genpact has a consensus rating of “Buy” and a consensus price target of $33.97.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Bremer Trust National Association acquired a new stake in Genpact in the fourth quarter valued at approximately $36,000. Bremer Bank National Association acquired a new stake in Genpact in the first quarter valued at approximately $38,000. New York State Teachers Retirement System acquired a new stake in Genpact in the first quarter valued at approximately $77,000. Nelson Van Denburg & Campbell Wealth Management Group LLC acquired a new stake in Genpact in the fourth quarter valued at approximately $162,000. Finally, Mirae Asset Global Investments Co. Ltd. lifted its stake in Genpact by 8.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 7,922 shares of the business services provider’s stock valued at $214,000 after acquiring an additional 607 shares during the last quarter. 93.95% of the stock is currently owned by hedge funds and other institutional investors.
Genpact Limited provides business process outsourcing and information technology (IT) services North and Latin America, India, rest of Asia, and Europe. Its finance and accounting services include accounts payable, such as document management, invoice processing, approval and resolution management, and travel and expense processing; invoice-to-cash services, including customer master data management, credit and contract management, fulfillment, billing, collections, and dispute management services; record to report services comprising accounting, treasury, tax, product cost accounting, and closing and reporting services; enterprise performance management consisting of budgeting, forecasting, and business performance reporting; and enterprise risk and compliance services, including operational risks and controls.
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