Teachers Advisors LLC Has $3.50 Million Stake in Genpact Limited (G)
Teachers Advisors LLC increased its stake in Genpact Limited (NYSE:G) by 5.7% during the first quarter, Holdings Channel reports. The institutional investor owned 141,273 shares of the business services provider’s stock after buying an additional 7,559 shares during the period. Teachers Advisors LLC’s holdings in Genpact Limited were worth $3,498,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC bought a new position in Genpact Limited during the first quarter valued at approximately $110,000. Bronfman E.L. Rothschild L.P. raised its position in Genpact Limited by 42.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 4,959 shares of the business services provider’s stock valued at $123,000 after buying an additional 1,480 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Genpact Limited by 85.3% in the first quarter. BNP Paribas Arbitrage SA now owns 5,220 shares of the business services provider’s stock valued at $129,000 after buying an additional 2,403 shares in the last quarter. Sawtooth Solutions LLC bought a new position in Genpact Limited during the first quarter valued at approximately $220,000. Finally, Huntington National Bank raised its position in Genpact Limited by 4,164.6% in the first quarter. Huntington National Bank now owns 11,685 shares of the business services provider’s stock valued at $289,000 after buying an additional 11,411 shares in the last quarter. Institutional investors and hedge funds own 94.08% of the company’s stock.
Shares of Genpact Limited (G) traded up 0.03% during mid-day trading on Friday, reaching $29.41. 58,692 shares of the company traded hands. The stock has a market capitalization of $5.67 billion, a price-to-earnings ratio of 22.21 and a beta of 0.50. The company’s 50 day moving average is $28.40 and its 200 day moving average is $25.90. Genpact Limited has a 52-week low of $22.58 and a 52-week high of $31.93.
Genpact Limited (NYSE:G) last released its earnings results on Wednesday, August 2nd. The business services provider reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.10. Genpact Limited had a return on equity of 23.33% and a net margin of 10.22%. The firm had revenue of $670.70 million for the quarter, compared to the consensus estimate of $642.68 million. During the same period in the prior year, the business posted $0.36 earnings per share. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities analysts forecast that Genpact Limited will post $1.56 earnings per share for the current year.
Several research firms have recently commented on G. Zacks Investment Research lowered Genpact Limited from a “hold” rating to a “sell” rating in a report on Friday, July 28th. Deutsche Bank AG boosted their price objective on shares of Genpact Limited from $26.00 to $28.00 and gave the company a “hold” rating in a report on Thursday, August 3rd. Cowen and Company restated an “outperform” rating and issued a $33.00 price objective (up 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 issued a “neutral” rating and a $33.00 price objective on the stock. Finally, BidaskClub upgraded shares of Genpact Limited from a “buy” rating to a “strong-buy” rating in a report on Wednesday, June 28th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Genpact Limited presently has a consensus rating of “Buy” and a consensus target price of $30.67.
In related news, insider Mohit Thukral sold 27,228 shares of the stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $27.21, for a total transaction of $740,873.88. Following the transaction, the insider now directly owns 68,845 shares in the company, valued at $1,873,272.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.55% of the company’s stock.
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.
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