Tealwood Asset Management Inc. Buys 339 Shares of Genpact Limited (NYSE:G)

Tealwood Asset Management Inc. raised its position in Genpact Limited (NYSE:G) by 1.4% in the fourth quarter, HoldingsChannel.com reports. The fund owned 24,658 shares of the business services provider’s stock after purchasing an additional 339 shares during the quarter. Tealwood Asset Management Inc.’s holdings in Genpact were worth $1,059,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jensen Investment Management Inc. increased its position in Genpact by 6.4% during the 3rd quarter. Jensen Investment Management Inc. now owns 189,985 shares of the business services provider’s stock worth $7,449,000 after buying an additional 11,410 shares during the period. Stifel Financial Corp acquired a new stake in Genpact in the 3rd quarter worth about $1,197,000. Vanguard Personalized Indexing Management LLC boosted its holdings in Genpact by 53.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 49,134 shares of the business services provider’s stock valued at $1,580,000 after purchasing an additional 17,034 shares during the period. JPMorgan Chase & Co. grew its position in shares of Genpact by 192.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock worth $122,701,000 after purchasing an additional 2,060,595 shares in the last quarter. Finally, Access Investment Management LLC increased its holdings in shares of Genpact by 44.0% during the third quarter. Access Investment Management LLC now owns 212,875 shares of the business services provider’s stock worth $8,347,000 after purchasing an additional 65,070 shares during the period. Institutional investors own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Activity

In other 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 transaction of $606,560.00. Following the sale, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at approximately $11,926,218.40. This trade represents a 4.84 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last three months, insiders have sold 23,058 shares of company stock worth $1,044,715. Corporate insiders own 2.80% of the company’s stock.

Genpact Price Performance

Genpact stock opened at $44.38 on Tuesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. Genpact Limited has a 52 week low of $30.23 and a 52 week high of $47.98. The stock has a market capitalization of $7.83 billion, a P/E ratio of 12.19, a price-to-earnings-growth ratio of 1.54 and a beta of 1.18. The stock has a fifty day moving average of $44.21 and a 200-day moving average of $39.42.

Genpact Dividend Announcement

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

About Genpact

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.