Hahn Capital Management LLC Sells 82,254 Shares of Genpact Limited (NYSE:G)

Hahn Capital Management LLC cut its holdings in Genpact Limited (NYSE:G - Free Report) by 33.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 161,236 shares of the business services provider's stock after selling 82,254 shares during the quarter. Genpact makes up approximately 4.1% of Hahn Capital Management LLC's portfolio, making the stock its 11th largest holding. Hahn Capital Management LLC owned 0.09% of Genpact worth $6,322,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the stock. Goldman Sachs Group Inc. lifted its stake in shares of Genpact by 53.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 491,113 shares of the business services provider's stock worth $17,047,000 after acquiring an additional 170,045 shares in the last quarter. Sawyer & Company Inc increased its holdings in shares of Genpact by 1.6% during the first quarter. Sawyer & Company Inc now owns 35,428 shares of the business services provider's stock valued at $1,167,000 after purchasing an additional 565 shares during the period. State of Michigan Retirement System raised its position 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 worth $1,337,000 after buying an additional 500 shares in the last quarter. Leeward Investments LLC MA boosted its stake in Genpact by 4.1% during the 1st quarter. Leeward Investments LLC MA now owns 302,314 shares of the business services provider's stock valued at $9,961,000 after purchasing an additional 11,804 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Genpact by 1.4% during the first quarter. Principal Financial Group Inc. now owns 623,716 shares of the business services provider's stock worth $20,551,000 after acquiring an additional 8,419 shares during the period. Hedge funds and other institutional investors own 96.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on G. BMO Capital Markets raised their target price on Genpact from $38.00 to $42.00 and gave the stock a "market perform" rating in a research report on Monday, August 12th. TD Cowen increased their target price on shares of Genpact from $35.00 to $36.00 and gave the company a "hold" rating in a research note on Friday, August 9th. JPMorgan Chase & Co. upped their price objective on Genpact from $35.00 to $43.00 and gave the company a "neutral" rating in a research note on Friday, September 6th. Needham & Company LLC boosted their price objective on Genpact from $40.00 to $42.00 and gave the stock a "buy" rating in a research note on Friday, August 9th. Finally, Jefferies Financial Group upped their target price on shares of Genpact from $35.00 to $40.00 and gave the company a "hold" rating in a research report on Monday, September 9th. Eight research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $39.44.

Genpact Trading Down 0.2 %

Shares of G traded down $0.07 during mid-day trading on Friday, reaching $38.34. 1,181,398 shares of the company were exchanged, compared to its average volume of 1,327,780. The business has a 50 day simple moving average of $38.89 and a two-hundred day simple moving average of $34.88. Genpact Limited has a 52 week low of $29.41 and a 52 week high of $39.95. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.89 and a current ratio of 1.89. The stock has a market capitalization of $6.90 billion, a PE ratio of 10.97, a PEG ratio of 1.63 and a beta of 1.13.

Genpact (NYSE:G - Get Free Report) last posted its earnings results on Thursday, August 8th. The business services provider reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. Genpact had a net margin of 14.12% and a return on equity of 22.28%. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.15 billion. On average, analysts predict that Genpact Limited will post 2.85 earnings per share for the current fiscal year.

Genpact Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 23rd. Shareholders of record on Monday, December 9th will be issued a dividend of $0.1525 per share. This represents a $0.61 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Monday, December 9th. Genpact's 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.