Teachers Advisors LLC Has $3.92 Million Stake in Genpact Limited (G)

Teachers Advisors LLC lessened its position in Genpact Limited (NYSE:G) by 0.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 140,774 shares of the business services provider’s stock after selling 499 shares during the period. Teachers Advisors LLC owned about 0.07% of Genpact Limited worth $3,918,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in G. Vanguard Group Inc. boosted its holdings in shares of Genpact Limited by 3.1% during the 1st quarter. Vanguard Group Inc. now owns 10,626,705 shares of the business services provider’s stock worth $263,117,000 after buying an additional 321,161 shares during the period. BlackRock Inc. boosted its holdings in shares of Genpact Limited by 2,636.7% during the 1st quarter. BlackRock Inc. now owns 7,680,410 shares of the business services provider’s stock worth $190,169,000 after buying an additional 7,399,767 shares during the period. Pzena Investment Management LLC boosted its holdings in shares of Genpact Limited by 1.5% during the 2nd quarter. Pzena Investment Management LLC now owns 2,670,064 shares of the business services provider’s stock worth $74,308,000 after buying an additional 38,353 shares during the period. Congress Asset Management Co. MA boosted its holdings in shares of Genpact Limited by 8.4% during the 2nd quarter. Congress Asset Management Co. MA now owns 2,557,213 shares of the business services provider’s stock worth $71,167,000 after buying an additional 199,012 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of Genpact Limited by 6.0% during the 1st quarter. AQR Capital Management LLC now owns 1,983,274 shares of the business services provider’s stock worth $49,106,000 after buying an additional 112,723 shares during the period. 92.16% of the stock is owned by institutional investors.

Shares of Genpact Limited (NYSE:G) opened at 29.54 on Friday. Genpact Limited has a 52 week low of $22.62 and a 52 week high of $31.93. The firm has a 50-day moving average of $28.58 and a 200 day moving average of $27.29. The firm has a market cap of $5.70 billion, a PE ratio of 22.31 and a beta of 0.53.

Genpact Limited (NYSE:G) last issued its earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.10. The firm had revenue of $670.70 million during the quarter, compared to analyst estimates of $642.68 million. Genpact Limited had a net margin of 10.22% and a return on equity of 23.33%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the business earned $0.36 earnings per share. Equities research analysts predict that Genpact Limited will post $1.56 EPS for the current fiscal year.

The firm also recently announced a special dividend, which was paid on Thursday, September 21st. Shareholders of record on Friday, September 8th were given a dividend of $0.06 per share. The ex-dividend date was Thursday, September 7th. This represents a yield of 0.84%. Genpact Limited’s dividend payout ratio is presently 18.05%.

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In other news, insider Mohit Thukral sold 25,000 shares of the stock in a transaction dated Friday, August 25th. The shares were sold at an average price of $28.37, for a total value of $709,250.00. Following the sale, the insider now directly owns 85,305 shares of the company’s stock, valued at $2,420,102.85. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Bain Capital Investors Llc sold 8,498,874 shares of the stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $28.72, for a total transaction of $244,087,661.28. The disclosure for this sale can be found here. Insiders have sold 10,358,442 shares of company stock valued at $297,475,276 in the last quarter. Company insiders own 1.55% of the company’s stock.

Several analysts recently commented on the stock. Cowen and Company reaffirmed an “outperform” rating and set a $33.00 target price (up previously from $30.00) on shares of Genpact Limited in a report on Thursday, August 3rd. Wedbush assumed coverage on shares of Genpact Limited in a report on Thursday, August 3rd. They set a “neutral” rating and a $33.00 target price for the company. Zacks Investment Research raised shares of Genpact Limited from a “hold” rating to a “buy” rating and set a $33.00 target price for the company in a report on Tuesday, August 8th. Robert W. Baird reaffirmed an “outperform” rating and set a $36.00 target price (up previously from $34.00) on shares of Genpact Limited in a report on Tuesday, October 10th. Finally, BMO Capital Markets reaffirmed a “hold” rating on shares of Genpact Limited in a report on Friday, October 6th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $32.38.

Genpact Limited Company Profile

Genpact Limited is engaged in providing digitally powered business process management and services. The Company is also engaged in designing, transforming and running a combination of processes, as well as providing solutions that combine elements of its service offerings. The Company’s segments include Business process outsourcing and Information technology services.

Institutional Ownership by Quarter for Genpact Limited (NYSE:G)

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