Kalra Balkrishan, the President and CEO of Genpact Ltd (NYSE:G), a prominent player in the Professional Services industry with a market capitalization of $7.6 billion, recently executed a significant stock transaction involving the company's common shares. According to a recent SEC filing, Balkrishan sold 13,600 shares on December 13, 2024, at an average price of $44.60 per share. This transaction totaled approximately $606,560. Based on InvestingPro analysis, the company currently appears undervalued compared to its Fair Value.
In a related move, Balkrishan also exercised stock options to acquire 13,600 shares at a price of $27.65 per share, resulting in a total acquisition value of $376,040. These transactions were conducted under a Rule 10b5-1 trading plan, which Balkrishan adopted on September 13, 2024. Notably, Genpact has demonstrated strong financial health with a P/E ratio of 11.7x and has maintained dividend payments for eight consecutive years. InvestingPro subscribers can access 10+ additional insights about Genpact's financial performance and management actions.
Following these transactions, Balkrishan's direct ownership of Genpact shares stands at 267,404 shares. The sales were executed at prices ranging from $44.47 to $44.78. Balkrishan has made information regarding the specific number of shares sold at each price available upon request. The company's stock has shown strong momentum with a 41% price return over the past six months, while maintaining a healthy current ratio of 1.85x.
In other recent news, Genpact, a global professional services firm, reported a 7% increase in revenues, reaching $1.21 billion in the third quarter. This growth was driven by a 9% rise in Data-Tech-AI and a 5% increase in Digital Operations. In light of these developments, Genpact has raised its full-year revenue and EPS guidance. The new revenue forecast stands at approximately $4.740 billion to $4.751 billion, while the adjusted EPS has been increased to $3.24.
In strategic moves, Genpact announced a multi-year collaboration with Amazon (NASDAQ:AMZN) Web Services (AWS) to advance AI adoption across various business functions and appointed Jinsook Han as its new Chief Strategy and Corporate Development Officer. TD Cowen maintained a Hold rating on Genpact shares, suggesting the company's internal changes could drive results that exceed expectations. However, clarity on the underlying drivers remains uncertain.
These recent developments reflect Genpact's continued focus on growth, transformation, and the effective execution of its strategies. As the company navigates these changes, investors and stakeholders will likely monitor progress closely to understand their impact on long-term growth and competitive positioning.
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