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

Teacher Retirement System of Texas trimmed its stake in shares of Genpact Limited (NYSE:G - Free Report) by 19.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of G. Coppell Advisory Solutions LLC lifted its holdings in Genpact by 529.5% in the fourth quarter. Coppell Advisory Solutions LLC now owns 598 shares of the business services provider's stock valued at $25,000 after buying an additional 503 shares during the period. Atlas Capital Advisors Inc. increased its stake in Genpact by 55.8% in the fourth quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider's stock valued at $26,000 after purchasing an additional 216 shares in the last quarter. GeoWealth Management LLC increased its stake in Genpact by 199.0% in the fourth quarter. GeoWealth Management LLC now owns 876 shares of the business services provider's stock valued at $38,000 after purchasing an additional 583 shares in the last quarter. Smartleaf Asset Management LLC increased its stake in Genpact by 416.5% in the fourth 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. Finally, Global X Japan Co. Ltd. bought a new stake in Genpact in the first quarter valued at approximately $57,000. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on G. Needham & Company LLC reissued a "buy" rating and set a $50.00 price objective on shares of Genpact in a research report on Monday, June 30th. Wall Street Zen raised shares of Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Mizuho increased their price objective on shares of Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Finally, Robert W. Baird lowered their price objective on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating for the company in a research report on Thursday, May 8th. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $50.14.

Genpact Stock Down 2.2%

Genpact stock traded down $1.00 during mid-day trading on Friday, reaching $44.30. The company's stock had a trading volume of 1,116,602 shares, compared to its average volume of 1,415,243. The company has a market capitalization of $7.75 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 1.99 and a beta of 0.94. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.45 and a current ratio of 2.45. The business's 50 day simple moving average is $44.04 and its 200 day simple moving average is $47.02. Genpact Limited has a 12 month low of $31.34 and a 12 month high of $56.76.

Genpact (NYSE:G - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The business services provider reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.04. The firm 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 company's revenue for the quarter was up 7.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.73 earnings per share. As a group, research analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 25th. Investors of record on Thursday, September 11th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.53%. The ex-dividend date of this dividend is Thursday, September 11th. Genpact's dividend payout ratio is 23.21%.

Insider Buying and Selling

In other news, Director Nicholas C. Gangestad bought 2,000 shares of the firm's stock in a transaction on Tuesday, May 13th. The shares were purchased at an average cost of $43.97 per share, with a total value of $87,940.00. Following the acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate 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.