Hahn Capital Management LLC Raises Stock Position in Genpact Limited (NYSE:G)

Hahn Capital Management LLC grew its stake in shares of Genpact Limited (NYSE:G) by 33.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 243,490 shares of the business services provider’s stock after acquiring an additional 61,399 shares during the period. Genpact comprises about 3.7% of Hahn Capital Management LLC’s holdings, making the stock its 13th biggest position. Hahn Capital Management LLC owned about 0.14% of Genpact worth $7,838,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of G. First Trust Advisors LP boosted its stake in shares of Genpact by 290.8% during the fourth quarter. First Trust Advisors LP now owns 3,071,231 shares of the business services provider’s stock valued at $106,602,000 after acquiring an additional 2,285,310 shares during the last quarter. Norges Bank purchased a new position in shares of Genpact during the 4th quarter worth about $68,683,000. Capital International Investors boosted its position in shares of Genpact by 51.8% in the first quarter. Capital International Investors now owns 3,086,957 shares of the business services provider’s stock worth $101,715,000 after acquiring an additional 1,053,236 shares during the last quarter. FIL Ltd grew its holdings in Genpact by 16.8% in the fourth quarter. FIL Ltd now owns 5,041,842 shares of the business services provider’s stock valued at $175,002,000 after purchasing an additional 725,198 shares during the period. Finally, Pzena Investment Management LLC increased its position in Genpact by 130.3% during the second quarter. Pzena Investment Management LLC now owns 1,163,870 shares of the business services provider’s stock worth $37,465,000 after purchasing an additional 658,560 shares during the last quarter. Hedge funds and other institutional investors own 96.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. TD Cowen upped their price target on Genpact from $35.00 to $36.00 and gave the stock a “hold” rating in a research note on Friday, August 9th. BMO Capital Markets increased their target price on shares of Genpact from $38.00 to $42.00 and gave the stock a “market perform” rating in a research report on Monday, August 12th. Needham & Company LLC lifted their price target on shares of Genpact from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Genpact from $35.00 to $43.00 and gave the stock a “neutral” rating in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $38.63.

Genpact Stock Performance

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

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

Genpact Cuts Dividend

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