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

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

Several other institutional investors and hedge funds have also modified their holdings of G. Smartleaf Asset Management LLC grew its holdings in Genpact by 416.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 971 shares of the business services provider's stock valued at $41,000 after purchasing an additional 783 shares in the last quarter. Assetmark Inc. grew its holdings in Genpact by 10.0% during the 4th quarter. Assetmark Inc. now owns 5,927 shares of the business services provider's stock valued at $255,000 after purchasing an additional 540 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in Genpact during the 4th quarter valued at $983,000. Arizona State Retirement System acquired a new stake in Genpact during the 4th quarter valued at $2,109,000. Finally, Raymond James Financial Inc. acquired a new stake in Genpact during the 4th quarter valued at $5,552,000. Hedge funds and other institutional investors own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

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

Genpact Trading Down 0.9%

Shares of G traded down $0.39 during midday trading on Thursday, hitting $45.30. The stock had a trading volume of 1,045,069 shares, compared to its average volume of 1,416,437. Genpact Limited has a fifty-two week low of $31.34 and a fifty-two week high of $56.76. The business has a 50-day simple moving average of $44.04 and a two-hundred day simple moving average of $47.02. The firm has a market cap of $7.92 billion, a P/E ratio of 15.46, a price-to-earnings-growth ratio of 1.99 and a beta of 0.94. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.48.

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

Genpact Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Stockholders of record on Thursday, September 11th will be given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.50%. Genpact's dividend payout ratio is 23.21%.

Insider Transactions at Genpact

In related news, Director Nicholas C. Gangestad bought 2,000 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were acquired at an average price of $43.97 per share, with a total value of $87,940.00. Following the completion of the transaction, the director owned 2,000 shares of the company's stock, valued at $87,940. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.07% of the company's stock.

About Genpact

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.