Genpact Limited (NYSE:G) insider Piyush Mehta sold 20,728 shares of the firm’s stock in a transaction that occurred on Thursday, October 26th. The shares were sold at an average price of $30.00, for a total transaction of $621,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of Genpact Limited (NYSE G) opened at 30.45 on Wednesday. The firm has a market cap of $5.87 billion, a PE ratio of 23.00 and a beta of 0.53. Genpact Limited has a 12-month low of $22.62 and a 12-month high of $31.93. The firm’s 50-day moving average is $29.10 and its 200-day moving average is $27.80.

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

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G has been the topic of several analyst reports. Zacks Investment Research cut shares of Genpact Limited from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Deutsche Bank AG raised their target price on shares of Genpact Limited from $26.00 to $28.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. BMO Capital Markets raised their target price on shares of Genpact Limited from $26.00 to $30.00 and gave the company a “market perform” rating in a report on Thursday, August 3rd. Wedbush initiated coverage on shares of Genpact Limited in a report on Thursday, August 3rd. They issued a “neutral” rating and a $33.00 target price on the stock. Finally, Cowen and Company reaffirmed an “outperform” rating and issued a $33.00 target price (up previously from $30.00) on shares of Genpact Limited in a report on Thursday, August 3rd. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $32.38.

Several institutional investors and hedge funds have recently made changes to their positions in the business. UBS Asset Management Americas Inc. raised its position in shares of Genpact Limited by 12.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 34,667 shares of the business services provider’s stock valued at $858,000 after acquiring an additional 3,933 shares in the last quarter. Ameriprise Financial Inc. raised its position in shares of Genpact Limited by 85.5% during the 1st quarter. Ameriprise Financial Inc. now owns 29,289 shares of the business services provider’s stock valued at $725,000 after acquiring an additional 13,502 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of Genpact Limited during the 1st quarter valued at approximately $110,000. Teachers Advisors LLC raised its position in shares of Genpact Limited by 5.7% during the 1st quarter. Teachers Advisors LLC now owns 141,273 shares of the business services provider’s stock valued at $3,498,000 after acquiring an additional 7,559 shares in the last quarter. Finally, Royce & Associates LP raised its position in shares of Genpact Limited by 61.5% during the 1st quarter. Royce & Associates LP now owns 42,000 shares of the business services provider’s stock valued at $1,040,000 after acquiring an additional 16,000 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors.

About Genpact Limited

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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