Genpact Limited (NYSE:G) Stock Holdings Lifted by Hahn Capital Management LLC

Hahn Capital Management LLC raised its stake in Genpact Limited (NYSE:G) by 33.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 243,490 shares of the business services provider’s stock after acquiring an additional 61,399 shares during the period. Genpact accounts for approximately 3.7% of Hahn Capital Management LLC’s holdings, making the stock its 13th biggest position. Hahn Capital Management LLC’s holdings in Genpact were worth $7,838,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Parallel Advisors LLC grew its position in Genpact by 22.6% during the 4th quarter. Parallel Advisors LLC now owns 1,882 shares of the business services provider’s stock worth $65,000 after purchasing an additional 347 shares in the last quarter. Cloverfields Capital Group LP grew its position in Genpact by 1.5% during the 1st quarter. Cloverfields Capital Group LP now owns 28,950 shares of the business services provider’s stock worth $954,000 after purchasing an additional 416 shares in the last quarter. Johnson Financial Group Inc. grew its holdings in shares of Genpact by 10.4% during the 4th quarter. Johnson Financial Group Inc. now owns 4,800 shares of the business services provider’s stock valued at $167,000 after acquiring an additional 452 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in shares of Genpact by 106.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 914 shares of the business services provider’s stock valued at $32,000 after acquiring an additional 471 shares in the last quarter. Finally, State of Michigan Retirement System grew its holdings in shares of Genpact by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 40,584 shares of the business services provider’s stock valued at $1,337,000 after acquiring an additional 500 shares in the last quarter. 96.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on G. JPMorgan Chase & Co. boosted their price target on shares of Genpact from $35.00 to $43.00 and gave the company a “neutral” rating in a report on Friday. TD Cowen boosted their price target on shares of Genpact from $35.00 to $36.00 and gave the company a “hold” rating in a report on Friday, August 9th. BMO Capital Markets boosted their price target on shares of Genpact from $38.00 to $42.00 and gave the company a “market perform” rating in a report on Monday, August 12th. Finally, Needham & Company LLC boosted their price target on shares of Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 9th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $38.63.

Genpact Stock Up 0.3 %

Shares of G opened at $38.33 on Friday. The company has a 50-day simple moving average of $35.29 and a 200-day simple moving average of $33.65. The firm has a market capitalization of $6.90 billion, a P/E ratio of 10.95, a P/E/G ratio of 1.64 and a beta of 1.13. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.89. Genpact Limited has a 52 week low of $29.41 and a 52 week high of $39.95.

Genpact (NYSE:G) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.15 billion. Genpact had a net margin of 14.12% and a return on equity of 22.28%. On average, equities research analysts expect that Genpact Limited will post 2.85 earnings per share for the current year.

Genpact Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 25th. Shareholders of record on Wednesday, September 11th will be paid a $0.1525 dividend. This represents a $0.61 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Wednesday, September 11th. Genpact’s dividend payout ratio is currently 17.43%.

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.