Tealwood Asset Management Inc. Has $1.06 Million Position in Genpact Limited (NYSE:G)

Tealwood Asset Management Inc. grew its holdings in Genpact Limited (NYSE:G) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 24,658 shares of the business services provider’s stock after buying an additional 339 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Genpact were worth $1,059,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC lifted its holdings in Genpact by 74.6% during the 3rd quarter. Venturi Wealth Management LLC now owns 2,623 shares of the business services provider’s stock worth $103,000 after buying an additional 1,121 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Genpact by 221.3% in the third quarter. GAMMA Investing LLC now owns 3,329 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 2,293 shares during the last quarter. Versant Capital Management Inc increased its position in Genpact by 17.0% in the fourth quarter. Versant Capital Management Inc now owns 3,178 shares of the business services provider’s stock worth $136,000 after purchasing an additional 461 shares during the period. Centaurus Financial Inc. acquired a new stake in Genpact in the third quarter worth about $159,000. Finally, M&T Bank Corp bought a new stake in Genpact during the 3rd quarter worth about $206,000. 96.03% of the stock is owned by institutional investors.

Insider Activity

In other Genpact news, CEO Balkrishan Kalra sold 13,600 shares of Genpact stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $44.60, for a total value of $606,560.00. Following the sale, the chief executive officer now owns 267,404 shares of the company’s stock, valued at $11,926,218.40. This trade represents a 4.84 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders have sold 23,058 shares of company stock worth $1,044,715 in the last 90 days. Corporate insiders own 2.80% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on G shares. Needham & Company LLC raised their target price on shares of Genpact from $42.00 to $55.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Robert W. Baird lifted their target price on shares of Genpact from $44.00 to $48.00 and gave the stock a “neutral” rating in a report on Friday, November 8th. Finally, TD Cowen increased their price target on Genpact from $40.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $42.33.

Genpact Price Performance

G opened at $44.38 on Tuesday. The company has a fifty day simple moving average of $44.21 and a 200 day simple moving average of $39.42. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.50. The stock has a market cap of $7.83 billion, a P/E ratio of 12.19, a P/E/G ratio of 1.54 and a beta of 1.18. Genpact Limited has a 12 month low of $30.23 and a 12 month high of $47.98.

Genpact Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 23rd. Stockholders of record on Monday, December 9th were given a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date of this dividend was Monday, December 9th. Genpact’s dividend payout ratio is currently 16.76%.

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.