Teacher Retirement System of Texas Has $3.02 Million Stake in Genpact Limited (NYSE:G)

Teacher Retirement System of Texas decreased its holdings in shares of Genpact Limited (NYSE:G - Free Report) by 19.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,027 shares of the business services provider's stock after selling 14,157 shares during the quarter. Teacher Retirement System of Texas' holdings in Genpact were worth $3,024,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Smartleaf Asset Management LLC grew its holdings in Genpact by 416.5% in the 4th quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider's stock worth $41,000 after buying an additional 783 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of Genpact by 10.0% in the fourth quarter. Assetmark Inc. now owns 5,927 shares of the business services provider's stock valued at $255,000 after acquiring an additional 540 shares in the last quarter. Proficio Capital Partners LLC bought a new position in shares of Genpact in the fourth quarter valued at approximately $983,000. Arizona State Retirement System bought a new position in shares of Genpact in the fourth quarter valued at approximately $2,109,000. Finally, Raymond James Financial Inc. bought a new position in shares of Genpact in the fourth quarter valued at approximately $5,552,000. Institutional investors and hedge funds own 96.03% of the company's stock.

Analysts Set New Price Targets

G has been the subject of several recent analyst reports. Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price objective on shares of Genpact in a report on Monday, June 30th. Mizuho increased their price objective on shares of Genpact from $48.00 to $51.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. Robert W. Baird reduced their target price on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Wall Street Zen upgraded shares of Genpact from a "buy" rating to a "strong-buy" rating in a report on Friday, June 6th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Genpact has an average rating of "Moderate Buy" and a consensus target price of $50.14.

Genpact Trading Down 1.0%

Genpact stock traded down $0.44 during midday trading on Wednesday, reaching $45.69. The stock had a trading volume of 985,341 shares, compared to its average volume of 1,611,472. The firm's fifty day simple moving average is $44.21 and its two-hundred day simple moving average is $47.01. Genpact Limited has a twelve month low of $30.38 and a twelve month high of $56.76. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 2.45. The firm has a market cap of $7.99 billion, a price-to-earnings ratio of 15.59, a PEG ratio of 2.01 and a beta of 0.94.

Genpact (NYSE:G - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.80 by $0.04. Genpact had a net margin of 10.88% and a return on equity of 22.35%. The firm had revenue of $1.21 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same quarter last year, the business posted $0.73 EPS. The company's revenue was up 7.4% on a year-over-year basis. Equities analysts anticipate that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.68 dividend on an annualized basis and a yield of 1.49%. Genpact's payout ratio is 23.21%.

Insider Transactions at Genpact

In related news, Director Nicholas C. Gangestad bought 2,000 shares of the business's stock in a transaction on Tuesday, May 13th. The stock was bought at an average price of $43.97 per share, for a total transaction of $87,940.00. Following the transaction, the director directly owned 2,000 shares in the company, valued at $87,940. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.07% of the stock is currently owned by insiders.

Genpact Company 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.