Insider Selling: Genpact (NYSE:G) SVP Sells 76,902 Shares of Stock

Key Points

• Piyush Mehta, Senior Vice President of Genpact, sold 76,902 shares at an average price of $42.58, resulting in a total transaction value of $3,274,487.16, decreasing his ownership by 36.31%.
• Genpact reported quarterly earnings of $0.88 EPS, beating analyst estimates, and achieved a revenue of $1.25 billion, a year-over-year increase of 6.6%.
• The company announced a quarterly dividend of $0.17, with a yield of 1.6%, set to be paid on September 25th.

Genpact Limited (NYSE:G - Get Free Report) SVP Piyush Mehta sold 76,902 shares of the company's stock in a transaction that occurred on Friday, September 12th. The shares were sold at an average price of $42.58, for a total value of $3,274,487.16. Following the completion of the transaction, the senior vice president directly owned 134,880 shares of the company's stock, valued at $5,743,190.40. This represents a 36.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Genpact Trading Up 1.2%

NYSE:G traded up $0.48 on Wednesday, reaching $41.81. 562,486 shares of the stock traded hands, compared to its average volume of 1,625,604. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 13.94, a price-to-earnings-growth ratio of 1.45 and a beta of 0.92. The company's 50 day moving average is $44.27 and its 200-day moving average is $45.71. The company has a current ratio of 1.53, a quick ratio of 1.53 and a debt-to-equity ratio of 0.32. Genpact Limited has a 1-year low of $37.82 and a 1-year high of $56.76.

Genpact (NYSE:G - Get Free Report) last released its earnings results on Thursday, August 7th. The business services provider reported $0.88 earnings per share for the quarter, beating analysts' consensus estimates of $0.85 by $0.03. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.23 billion. Genpact had a net margin of 10.92% and a return on equity of 22.15%. The company's revenue for the quarter was up 6.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 EPS. Genpact has set its FY 2025 guidance at 3.510-3.580 EPS. Q3 2025 guidance at 0.890-0.900 EPS. Equities research analysts anticipate that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 11th. This represents a $0.68 annualized dividend and a dividend yield of 1.6%. Genpact's dividend payout ratio (DPR) is 22.59%.

Analysts Set New Price Targets

G has been the subject of several recent analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Genpact from $55.00 to $50.00 and set a "neutral" rating for the company in a research report on Wednesday, August 20th. Deutsche Bank Aktiengesellschaft initiated coverage on Genpact in a report on Thursday, July 17th. They issued a "hold" rating and a $47.00 target price on the stock. Needham & Company LLC increased their target price on Genpact from $50.00 to $53.00 and gave the stock a "buy" rating in a report on Friday, August 8th. Wall Street Zen cut Genpact from a "buy" rating to a "hold" rating in a research note on Friday, September 5th. Finally, Mizuho lifted their target price on Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Three investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $52.29.

Institutional Investors Weigh In On Genpact

Hedge funds have recently made changes to their positions in the stock. Cornerstone Planning Group LLC purchased a new stake in Genpact in the first quarter valued at about $27,000. Richardson Financial Services Inc. acquired a new stake in Genpact during the first quarter worth about $35,000. Steph & Co. purchased a new position in Genpact during the second quarter worth approximately $37,000. Huntington National Bank boosted its position in Genpact by 208.2% during the second quarter. Huntington National Bank now owns 906 shares of the business services provider's stock worth $40,000 after purchasing an additional 612 shares in the last quarter. Finally, SVB Wealth LLC purchased a new position in Genpact during the first quarter worth approximately $41,000. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Genpact Company Profile

Genpact Limited provides business process outsourcing and information technology services in India, rest of Asia, North and Latin America, and Europe. It operates through three segments: Financial services; Consumer and Healthcare; and High Tech and Manufacturing. The Financial Services segment offers retail customer onboarding, customer service, collections, card servicing operations, loan and payment operations, commercial loan, equipment and auto loan, mortgage origination, compliance services, reporting and monitoring, and wealth management operations support; financial crime and risk management services; and underwriting support, new business processing, policy administration, claims management, catastrophe modeling and actuarial services, as well as property and casualty claims.