Teacher Retirement System of Texas Invests $3.19 Million in Genpact Limited (NYSE:G)

Teacher Retirement System of Texas purchased a new stake in Genpact Limited (NYSE:G) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 74,184 shares of the business services provider’s stock, valued at approximately $3,186,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in G. Advisors Asset Management Inc. increased its position in Genpact by 3.4% during the third quarter. Advisors Asset Management Inc. now owns 6,885 shares of the business services provider’s stock valued at $270,000 after acquiring an additional 226 shares during the last quarter. CIBC Asset Management Inc grew its holdings in Genpact by 5.5% during the 4th quarter. CIBC Asset Management Inc now owns 5,692 shares of the business services provider’s stock valued at $244,000 after purchasing an additional 297 shares during the last quarter. Tealwood Asset Management Inc. lifted its stake in Genpact by 1.4% in the fourth quarter. Tealwood Asset Management Inc. now owns 24,658 shares of the business services provider’s stock worth $1,059,000 after purchasing an additional 339 shares during the last quarter. UMB Bank n.a. lifted its stake in Genpact by 55.7% in the fourth quarter. UMB Bank n.a. now owns 1,210 shares of the business services provider’s stock worth $52,000 after purchasing an additional 433 shares during the last quarter. Finally, Blue Trust Inc. grew its stake 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 valued at $217,000 after buying an additional 441 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Analyst Ratings Changes

G has been the subject of a number of research analyst reports. Needham & Company LLC raised their price target on Genpact from $55.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, February 7th. TD Cowen raised shares of Genpact from a “hold” rating to a “buy” rating and boosted their target price for the company from $45.00 to $60.00 in a research note on Friday, February 7th. Mizuho raised their price target on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research note on Monday, February 10th. Finally, Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and boosted their price objective for the company from $44.00 to $55.00 in a research report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $48.44.

Insider Buying and Selling at Genpact

In other news, CEO Balkrishan Kalra sold 13,600 shares of the stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $48.89, for a total transaction of $664,904.00. Following the completion of the sale, the chief executive officer now owns 310,246 shares in the company, valued at approximately $15,167,926.94. This represents a 4.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Piyush Mehta sold 12,000 shares of the company’s stock in a transaction dated Friday, January 10th. The shares were sold at an average price of $42.83, for a total value of $513,960.00. Following the transaction, the senior vice president now directly owns 151,182 shares in the company, valued at $6,475,125.06. This represents a 7.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.80% of the stock is owned by insiders.

Genpact Trading Up 1.2 %

NYSE:G opened at $50.55 on Wednesday. The firm has a 50-day simple moving average of $50.50 and a 200-day simple moving average of $44.86. Genpact Limited has a one year low of $30.23 and a one year high of $56.76. The firm has a market cap of $8.88 billion, a P/E ratio of 17.80, a P/E/G ratio of 1.84 and a beta of 1.16. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 2.16.

Genpact (NYSE:G) last issued its quarterly earnings data on Thursday, February 6th. The business services provider reported $0.82 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). Genpact had a return on equity of 22.50% and a net margin of 10.77%. Equities analysts anticipate that Genpact Limited will post 3.21 EPS for the current fiscal year.

Genpact Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 26th. Investors of record on Tuesday, March 11th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Tuesday, March 11th. This represents a $0.68 dividend on an annualized basis and a yield of 1.35%. This is an increase from Genpact’s previous quarterly dividend of $0.15. Genpact’s dividend payout ratio (DPR) is presently 23.94%.

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.