Timber Creek Capital Management LLC Purchases 21,094 Shares of Genpact Limited (NYSE:G)

Timber Creek Capital Management LLC increased its position in Genpact Limited (NYSE:G - Free Report) by 27.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (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 accounts for approximately 1.3% of Timber Creek Capital Management LLC's investment portfolio, making the stock its 28th biggest holding. Timber Creek Capital Management LLC owned about 0.06% of Genpact worth $4,980,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in G. Atlas Capital Advisors Inc. boosted its stake in Genpact by 55.8% during the 4th quarter. Atlas Capital Advisors Inc. now owns 603 shares of the business services provider's stock valued at $26,000 after purchasing an additional 216 shares during the last quarter. Stifel Financial Corp boosted its stake in Genpact by 1.0% during the 4th quarter. Stifel Financial Corp now owns 30,821 shares of the business services provider's stock valued at $1,324,000 after purchasing an additional 291 shares during the last quarter. Fifth Third Bancorp boosted its stake in Genpact by 9.5% during the 1st quarter. Fifth Third Bancorp now owns 3,461 shares of the business services provider's stock valued at $174,000 after purchasing an additional 299 shares during the last quarter. KBC Group NV boosted its stake in Genpact by 4.7% during the 1st quarter. KBC Group NV now owns 7,266 shares of the business services provider's stock valued at $366,000 after purchasing an additional 324 shares during the last quarter. Finally, OneAscent Wealth Management LLC boosted its stake in Genpact by 5.5% during the 4th quarter. OneAscent Wealth Management LLC now owns 8,380 shares of the business services provider's stock valued at $360,000 after purchasing an additional 439 shares during the last quarter. 96.03% of the stock is currently owned by institutional investors and hedge funds.

Genpact Stock Performance

Shares of NYSE:G traded up $0.93 during mid-day trading on Friday, reaching $45.92. The company had a trading volume of 1,088,830 shares, compared to its average volume of 1,409,984. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.48. The firm has a market cap of $8.03 billion, a price-to-earnings ratio of 15.67, a PEG ratio of 2.00 and a beta of 0.94. The company's 50-day moving average price is $44.31 and its 200-day moving average price is $46.96. Genpact Limited has a one year low of $30.38 and a one year high of $56.76.

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

Genpact Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, June 18th were given a $0.17 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.48%. Genpact's dividend payout ratio (DPR) is presently 23.21%.

Insider Activity

In other Genpact news, Director Nicholas C. Gangestad acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, May 13th. The shares were bought at an average price of $43.97 per share, for a total transaction of $87,940.00. Following the completion of the transaction, the director owned 2,000 shares of the company's stock, valued at approximately $87,940. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 3.07% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on G. Wall Street Zen raised shares of Genpact from a "buy" rating to a "strong-buy" rating in a research report on Friday, June 6th. Needham & Company LLC reissued a "buy" rating and set a $50.00 target price on shares of Genpact in a research report on Monday, June 30th. Mizuho lifted their target price on shares of Genpact from $48.00 to $51.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Finally, Robert W. Baird dropped their target price 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. Four investment 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 stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $50.14.

Genpact 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.