Hahn Capital Management LLC Sells 31,237 Shares of Genpact Limited $G

Hahn Capital Management LLC cut its position in Genpact Limited (NYSE:GFree Report) by 16.1% during the 1st quarter, HoldingsChannel reports. The firm owned 162,518 shares of the business services provider’s stock after selling 31,237 shares during the quarter. Genpact comprises about 3.8% of Hahn Capital Management LLC’s portfolio, making the stock its 12th largest holding. Hahn Capital Management LLC’s holdings in Genpact were worth $6,054,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in Genpact by 2.6% during the 4th quarter. GAMMA Investing LLC now owns 9,637 shares of the business services provider’s stock worth $451,000 after buying an additional 241 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Genpact by 47.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 823 shares of the business services provider’s stock valued at $39,000 after acquiring an additional 265 shares during the period. Verdence Capital Advisors LLC grew its stake in Genpact by 2.3% in the fourth quarter. Verdence Capital Advisors LLC now owns 12,082 shares of the business services provider’s stock valued at $565,000 after acquiring an additional 271 shares during the period. AlphaCore Capital LLC raised its position in shares of Genpact by 2.4% during the fourth quarter. AlphaCore Capital LLC now owns 11,634 shares of the business services provider’s stock worth $544,000 after purchasing an additional 272 shares during the period. Finally, Flynn Zito Capital Management LLC raised its position in shares of Genpact by 4.9% during the fourth quarter. Flynn Zito Capital Management LLC now owns 6,142 shares of the business services provider’s stock worth $287,000 after purchasing an additional 288 shares during the period. Institutional investors and hedge funds own 96.03% of the company’s stock.

Genpact Stock Down 0.1%

Shares of G opened at $30.87 on Monday. The firm has a market cap of $5.23 billion, a P/E ratio of 9.47, a price-to-earnings-growth ratio of 0.87 and a beta of 0.61. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.69 and a current ratio of 1.69. Genpact Limited has a 52 week low of $26.85 and a 52 week high of $48.64. The firm’s 50-day simple moving average is $30.54 and its 200 day simple moving average is $36.54.

Genpact (NYSE:GGet Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The business services provider reported $0.98 earnings per share (EPS) for the quarter. Genpact had a net margin of 11.04% and a return on equity of 22.70%. The firm had revenue of $1.30 billion during the quarter. On average, analysts forecast that Genpact Limited will post 3.64 earnings per share for the current year.

Genpact Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 24th. Investors of record on Thursday, September 10th will be issued a dividend of $0.1875 per share. This represents a $0.75 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Thursday, September 10th. Genpact’s dividend payout ratio (DPR) is presently 23.01%.

Analyst Ratings Changes

Several brokerages recently issued reports on G. Needham & Company LLC reiterated a “buy” rating and issued a $50.00 price objective on shares of Genpact in a research report on Friday, May 8th. Robert W. Baird lowered their target price on Genpact from $45.00 to $38.00 and set a “neutral” rating for the company in a report on Tuesday, July 7th. Susquehanna dropped their price target on Genpact from $42.00 to $37.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Citigroup decreased their price objective on Genpact from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Monday, May 11th. Finally, TD Cowen decreased their target price on shares of Genpact from $47.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $40.25.

Get Our Latest Report on Genpact

Genpact Company Profile

(Free Report)

Genpact is a global professional services firm specializing in digitally powered business process management and services. The company partners with clients across industries to design, transform and run key operations, leveraging data analytics, artificial intelligence, automation and domain expertise. Its offerings span finance and accounting, supply chain management, procurement, customer experience, risk and compliance, and other critical business functions.

Founded in 1997 as the business process outsourcing arm of General Electric and originally known as GE Capital International Services, the company rebranded as Genpact in 2005 and completed its initial public offering on the New York Stock Exchange in 2007 under the ticker symbol “G.” Over time, Genpact has expanded beyond traditional outsourcing to focus on digital transformation and innovation, helping organizations accelerate growth and improve operational efficiency.

Headquartered in New York City, Genpact serves clients in more than 30 countries across North America, Latin America, Europe and Asia Pacific.

Further Reading

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Institutional Ownership by Quarter for Genpact (NYSE:G)

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