Timber Creek Capital Management LLC Grows Holdings in Genpact Limited (NYSE:G)

Timber Creek Capital Management LLC boosted its stake in shares of Genpact Limited (NYSE:G - Free Report) by 27.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 98,856 shares of the business services provider's stock after buying an additional 21,094 shares during the period. Genpact makes up approximately 1.3% of Timber Creek Capital Management LLC's holdings, making the stock its 28th biggest holding. Timber Creek Capital Management LLC owned 0.06% of Genpact worth $4,980,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in G. Tandem Investment Advisors Inc. boosted its holdings in shares of Genpact by 6.6% in the 1st quarter. Tandem Investment Advisors Inc. now owns 2,270,143 shares of the business services provider's stock valued at $114,370,000 after buying an additional 140,228 shares during the last quarter. Aaron Wealth Advisors LLC increased its position in Genpact by 9.5% during the 1st quarter. Aaron Wealth Advisors LLC now owns 8,147 shares of the business services provider's stock worth $410,000 after buying an additional 710 shares during the period. Summit Trail Advisors LLC raised its stake in Genpact by 41.4% in the 1st quarter. Summit Trail Advisors LLC now owns 43,584 shares of the business services provider's stock worth $2,196,000 after purchasing an additional 12,752 shares in the last quarter. KBC Group NV raised its position in shares of Genpact by 4.7% in the first quarter. KBC Group NV now owns 7,266 shares of the business services provider's stock valued at $366,000 after buying an additional 324 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Genpact during the 1st quarter valued at $115,807,000. 96.03% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

G has been the topic of several analyst reports. Robert W. Baird reduced their price target on shares of Genpact from $56.00 to $50.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Wall Street Zen raised shares of Genpact from a "buy" rating to a "strong-buy" rating in a research note on Friday, June 6th. Mizuho boosted their target price on shares of Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $50.00 price target on shares of Genpact in a research note on Monday, June 30th. Four equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Genpact presently has an average rating of "Moderate Buy" and a consensus price target of $50.14.

Insider Transactions at Genpact

In other news, Director Nicholas C. Gangestad bought 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, May 13th. The stock was acquired at an average cost of $43.97 per share, with a total value of $87,940.00. Following the transaction, the director directly owned 2,000 shares of the company's stock, valued at approximately $87,940. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.80% of the stock is currently owned by corporate insiders.

Genpact Trading Up 0.8%

Shares of Genpact stock traded up $0.38 during midday trading on Monday, reaching $46.30. The company had a trading volume of 927,237 shares, compared to its average volume of 1,408,185. The firm has a market cap of $8.10 billion, a PE ratio of 15.80, a P/E/G ratio of 2.00 and a beta of 0.94. The stock has a fifty day moving average price of $44.31 and a 200 day moving average price of $46.99. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 2.45. Genpact Limited has a fifty-two week low of $30.38 and a fifty-two week high of $56.76.

Genpact (NYSE:G - Get Free Report) last released its earnings results on Wednesday, May 7th. The business services provider reported $0.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.04. Genpact had a net margin of 10.88% and a return on equity of 22.35%. The business had revenue of $1.21 billion for the quarter, compared to analyst estimates of $1.21 billion. During the same quarter in the previous year, the business earned $0.73 earnings per share. Genpact's revenue for the quarter was up 7.4% on a year-over-year basis. On average, equities analysts anticipate that Genpact Limited will post 3.21 earnings per share for the current year.

Genpact Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, June 18th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.47%. The ex-dividend date of this dividend was Wednesday, June 18th. Genpact's dividend payout ratio (DPR) is presently 23.21%.

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.