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Covestor Ltd cut its Genpact stake by 40%, and the CEO sold shares, amid earnings misses.
Institutional investor Covestor Ltd reduced its stake in Genpact Limited by 40%, now owning 3,799 shares.
Genpact's CEO, Balkrishan Kalra, also sold 13,600 shares.
The company, which provides business process outsourcing and IT services, has a market cap of $8.20 billion and a P/E ratio of 16.43.
Despite missing earnings expectations, analysts predict Genpact will post 3.21 EPS for the current year.
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Covestor Ltd redujo su participación en Genpact en un 40%, y el CEO vendió acciones, en medio de pérdidas de ganancias.