California State Teachers Retirement System Increases Stake in Genpact Limited (NYSE:G)

California State Teachers Retirement System increased its holdings in Genpact Limited (NYSE:G - Free Report) by 1,021.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 158,716 shares of the business services provider's stock after acquiring an additional 144,558 shares during the quarter. California State Teachers Retirement System owned approximately 0.09% of Genpact worth $6,817,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Blue Trust Inc. boosted its position in shares of Genpact by 8.7% during the fourth quarter. Blue Trust Inc. now owns 5,531 shares of the business services provider's stock worth $217,000 after buying an additional 441 shares during the period. KBC Group NV acquired a new stake in Genpact during the 4th quarter valued at $298,000. State of New Jersey Common Pension Fund D acquired a new stake in Genpact during the 4th quarter valued at $2,030,000. Pictet Asset Management Holding SA acquired a new position in shares of Genpact in the fourth quarter worth $921,000. Finally, Proficio Capital Partners LLC acquired a new position in shares of Genpact in the fourth quarter worth $983,000. Institutional investors and hedge funds own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

G has been the topic of several research analyst reports. Robert W. Baird lowered their price target on Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. TD Cowen raised shares of Genpact from a "hold" rating to a "buy" rating and raised their price objective for the stock from $45.00 to $60.00 in a report on Friday, February 7th. Mizuho raised their price target on shares of Genpact from $45.00 to $55.00 and gave the company a "neutral" rating in a report on Monday, February 10th. Finally, Needham & Company LLC lowered their target price on shares of Genpact from $55.00 to $50.00 and set a "buy" rating for the company in a report on Thursday, May 8th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $50.71.

Insider Activity at Genpact

In other news, Director Nicholas C. Gangestad acquired 2,000 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average cost of $43.97 per share, with a total value of $87,940.00. Following the transaction, the director now owns 2,000 shares of the company's stock, valued at $87,940. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Balkrishan Kalra sold 13,600 shares of the firm's stock in a transaction dated Thursday, March 13th. The shares were sold at an average price of $48.89, for a total transaction of $664,904.00. Following the sale, the chief executive officer now directly owns 310,246 shares in the company, valued at approximately $15,167,926.94. The trade was a 4.20% decrease in their position. The disclosure for this sale can be found here. 3.07% of the stock is owned by corporate insiders.

Genpact Trading Down 1.3%

Shares of G traded down $0.54 during trading hours on Thursday, hitting $42.08. 1,348,138 shares of the stock were exchanged, compared to its average volume of 1,373,799. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.16 and a quick ratio of 1.85. The firm has a market capitalization of $7.36 billion, a P/E ratio of 14.82, a price-to-earnings-growth ratio of 1.84 and a beta of 1.02. The business has a 50-day moving average of $46.13 and a 200-day moving average of $47.22. Genpact Limited has a fifty-two week low of $30.38 and a fifty-two week high of $56.76.

Genpact (NYSE:G - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.84 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.04. The company had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. Genpact had a net margin of 10.77% and a return on equity of 22.50%. The firm's revenue was up 7.4% on a year-over-year basis. During the same period last year, the firm earned $0.73 earnings per share. On average, research analysts expect that Genpact Limited will post 3.21 EPS for the current year.

Genpact 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.