Bahl & Gaynor Inc. Cuts Position in Genpact Limited (NYSE:G)

Bahl & Gaynor Inc. decreased its position in shares of Genpact Limited (NYSE:G - Free Report) by 80.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 110,119 shares of the business services provider's stock after selling 447,710 shares during the quarter. Bahl & Gaynor Inc. owned approximately 0.06% of Genpact worth $3,822,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Genpact during the 4th quarter worth $43,000. Covestor Ltd lifted its holdings in Genpact by 140.2% during the 3rd quarter. Covestor Ltd now owns 1,549 shares of the business services provider's stock worth $56,000 after purchasing an additional 904 shares in the last quarter. Buck Wealth Strategies LLC lifted its holdings in Genpact by 438.3% during the 3rd quarter. Buck Wealth Strategies LLC now owns 1,825 shares of the business services provider's stock worth $66,000 after purchasing an additional 1,486 shares in the last quarter. Lindbrook Capital LLC lifted its holdings in Genpact by 32.0% during the 3rd quarter. Lindbrook Capital LLC now owns 2,604 shares of the business services provider's stock worth $94,000 after purchasing an additional 632 shares in the last quarter. Finally, Flynn Zito Capital Management LLC purchased a new stake in Genpact during the 4th quarter worth about $206,000. Institutional investors own 96.03% of the company's stock.

Analyst Upgrades and Downgrades

G has been the topic of several recent analyst reports. Mizuho initiated coverage on Genpact in a report on Tuesday, January 30th. They issued a "neutral" rating and a $40.00 price target on the stock. StockNews.com lowered Genpact from a "strong-buy" rating to a "buy" rating in a research report on Friday, April 5th. JPMorgan Chase & Co. raised their price target on Genpact from $42.00 to $43.00 and gave the stock an "underweight" rating in a research report on Friday, February 9th. Needham & Company LLC restated a "buy" rating and set a $40.00 price target on shares of Genpact in a research report on Friday, February 9th. Finally, Citigroup cut their price objective on Genpact from $36.00 to $33.00 and set a "neutral" rating on the stock in a research report on Monday, April 22nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Genpact presently has a consensus rating of "Hold" and a consensus target price of $39.78.

Genpact Stock Up 0.7 %

Shares of G traded up $0.21 on Friday, reaching $30.90. The stock had a trading volume of 1,665,674 shares, compared to its average volume of 1,545,637. The firm has a market capitalization of $5.57 billion, a price-to-earnings ratio of 9.01, a price-to-earnings-growth ratio of 1.44 and a beta of 1.07. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.44 and a current ratio of 1.44. The company has a 50-day simple moving average of $33.07 and a 200-day simple moving average of $34.10. Genpact Limited has a 12-month low of $29.41 and a 12-month high of $44.63.

Genpact (NYSE:G - Get Free Report) last released its earnings results on Thursday, February 8th. The business services provider reported $0.68 EPS for the quarter, beating analysts' consensus estimates of $0.65 by $0.03. The company had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.12 billion. Genpact had a return on equity of 23.19% and a net margin of 14.10%. Sell-side analysts predict that Genpact Limited will post 2.7 EPS for the current year.

Genpact Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 26th. Stockholders of record on Monday, March 11th were paid a $0.153 dividend. This represents a $0.61 dividend on an annualized basis and a dividend yield of 1.98%. The ex-dividend date was Friday, March 8th. This is a boost from Genpact's previous quarterly dividend of $0.14. Genpact's dividend payout ratio (DPR) is presently 17.78%.

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.