Genpact Limited (NYSE:G) Stock Holdings Lifted by New York State Teachers Retirement System

New York State Teachers Retirement System raised its stake in Genpact Limited (NYSE:G) by 10.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 173,701 shares of the business services provider’s stock after buying an additional 16,080 shares during the period. New York State Teachers Retirement System owned approximately 0.10% of Genpact worth $6,029,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of G. American Century Companies Inc. grew its position in Genpact by 57.2% during the 1st quarter. American Century Companies Inc. now owns 18,403 shares of the business services provider’s stock worth $801,000 after purchasing an additional 6,699 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of Genpact by 16.8% during the 1st quarter. Bank of Montreal Can now owns 23,398 shares of the business services provider’s stock valued at $1,031,000 after acquiring an additional 3,364 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Genpact by 0.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,683,950 shares of the business services provider’s stock valued at $73,273,000 after acquiring an additional 5,331 shares in the last quarter. Sei Investments Co. grew its holdings in shares of Genpact by 6.2% during the 1st quarter. Sei Investments Co. now owns 104,775 shares of the business services provider’s stock valued at $4,560,000 after acquiring an additional 6,151 shares in the last quarter. Finally, Aviva PLC bought a new stake in Genpact in the first quarter worth $2,219,000. Institutional investors own 96.03% of the company’s stock.

Genpact Stock Down 1.7 %

Shares of G opened at $31.21 on Friday. The company has a 50-day simple moving average of $33.94 and a 200-day simple moving average of $34.47. The firm has a market capitalization of $5.63 billion, a P/E ratio of 9.10, a P/E/G ratio of 1.49 and a beta of 1.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.44 and a current ratio of 1.44. Genpact Limited has a 52 week low of $29.41 and a 52 week high of $45.99.

Genpact (NYSE:G) last announced its quarterly earnings data on Thursday, February 8th. The business services provider reported $0.68 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.03. The business had revenue of $1.15 billion during the quarter, compared to analyst estimates of $1.12 billion. Genpact had a net margin of 14.10% and a return on equity of 23.19%. On average, equities research analysts expect that Genpact Limited will post 2.7 earnings per share for the current year.

Genpact Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were given a $0.153 dividend. This represents a $0.61 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend was Friday, March 8th. This is a positive change from Genpact’s previous quarterly dividend of $0.14. Genpact’s dividend payout ratio is 17.78%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of Genpact in a report on Friday, February 9th. StockNews.com cut shares of Genpact from a “strong-buy” rating to a “buy” rating in a report on Friday, April 5th. Robert W. Baird reiterated a “neutral” rating and issued a $38.00 price objective on shares of Genpact in a report on Friday, December 15th. JPMorgan Chase & Co. boosted their target price on shares of Genpact from $42.00 to $43.00 and gave the stock an “underweight” rating in a research report on Friday, February 9th. Finally, Mizuho assumed coverage on shares of Genpact in a research report on Tuesday, January 30th. They set a “neutral” rating and a $40.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $40.11.

Insider Buying and Selling

In related news, SVP Heather White sold 11,450 shares of the stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $36.00, for a total value of $412,200.00. Following the completion of the transaction, the senior vice president now owns 21,175 shares of the company’s stock, valued at $762,300. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.80% of the company’s stock.

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.