Genpact Limited (NYSE:G) insider Private Ltd Gic sold 1,501,126 shares of the stock in a transaction dated 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 document filed with the SEC, which is available at the SEC website.

Shares of Genpact Limited (NYSE G) traded down 0.18% during midday trading on Friday, hitting $28.49. 759,852 shares of the company’s stock traded hands. Genpact Limited has a 1-year low of $22.58 and a 1-year high of $31.93. The firm has a market capitalization of $5.50 billion, a price-to-earnings ratio of 21.52 and a beta of 0.50. The company has a 50 day moving average price of $28.55 and a 200 day moving average price of $26.06.

Genpact Limited (NYSE:G) last announced its quarterly earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.10. Genpact Limited had a net margin of 10.22% and a return on equity of 23.33%. The firm had revenue of $670.70 million during the quarter, compared to the consensus estimate of $642.68 million. During the same period last year, the firm posted $0.36 EPS. The firm’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts anticipate that Genpact Limited will post $1.56 earnings per share for the current year.

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A number of institutional investors have recently made changes to their positions in G. YorkBridge Wealth Partners LLC increased its position in shares of Genpact Limited by 5.2% in the second quarter. YorkBridge Wealth Partners LLC now owns 3,793 shares of the business services provider’s stock valued at $106,000 after buying an additional 189 shares in the last quarter. Acrospire Investment Management LLC increased its position in shares of Genpact Limited by 569.8% in the second quarter. Acrospire Investment Management LLC now owns 4,019 shares of the business services provider’s stock valued at $112,000 after buying an additional 3,419 shares in the last quarter. SG Americas Securities LLC purchased a new position in shares of Genpact Limited during the first quarter valued at about $110,000. Bronfman E.L. Rothschild L.P. increased its position in shares of Genpact Limited by 42.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,959 shares of the business services provider’s stock valued at $123,000 after buying an additional 1,480 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Genpact Limited by 85.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,220 shares of the business services provider’s stock valued at $129,000 after buying an additional 2,403 shares in the last quarter. 92.25% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on G. Cowen and Company set a $33.00 price objective on shares of Genpact Limited and gave the stock a “buy” rating in a research note on Tuesday. Robert W. Baird reiterated an “outperform” rating and set a $34.00 price objective on shares of Genpact Limited in a research note on Wednesday. BidaskClub upgraded shares of Genpact Limited from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, June 28th. Wedbush reiterated an “outperform” rating and set a $33.00 price objective on shares of Genpact Limited in a research note on Wednesday, August 9th. Finally, Zacks Investment Research upgraded shares of Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 price objective on the stock in a research note on Tuesday, August 8th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Genpact Limited currently has a consensus rating of “Buy” and an average price target of $31.14.

Genpact Limited Company Profile

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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