Timber Creek Capital Management LLC Makes New $3.34 Million Investment in Genpact Limited (NYSE:G)

Timber Creek Capital Management LLC acquired a new stake in Genpact Limited (NYSE:G) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 77,762 shares of the business services provider’s stock, valued at approximately $3,340,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Franklin Resources Inc. increased its holdings in Genpact by 6.5% during the third quarter. Franklin Resources Inc. now owns 4,148,185 shares of the business services provider’s stock worth $162,318,000 after buying an additional 252,674 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of Genpact by 12.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,691,406 shares of the business services provider’s stock worth $148,142,000 after purchasing an additional 413,646 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Genpact by 192.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 3,129,341 shares of the business services provider’s stock valued at $122,701,000 after purchasing an additional 2,060,595 shares during the period. ARGA Investment Management LP lifted its stake in Genpact by 14.1% in the 4th quarter. ARGA Investment Management LP now owns 772,917 shares of the business services provider’s stock valued at $33,197,000 after purchasing an additional 95,413 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Genpact during the third quarter worth about $19,779,000. Institutional investors and hedge funds own 96.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on G. Robert W. Baird upped their price objective on Genpact from $44.00 to $48.00 and gave the company a “neutral” rating in a research note on Friday, November 8th. TD Cowen upgraded Genpact from a “hold” rating to a “buy” rating and increased their price target for the company from $45.00 to $60.00 in a research note on Friday, February 7th. Mizuho lifted their price objective on shares of Genpact from $45.00 to $55.00 and gave the stock a “neutral” rating in a research report on Monday, February 10th. Needham & Company LLC increased their price objective on shares of Genpact from $55.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, February 7th. Finally, Jefferies Financial Group raised shares of Genpact from a “hold” rating to a “buy” rating and lifted their target price for the stock from $44.00 to $55.00 in a report on Tuesday, January 21st. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $48.44.

Insider Activity at Genpact

In other Genpact news, SVP Piyush Mehta sold 12,000 shares of the firm’s stock in a transaction on Friday, January 10th. The stock was sold at an average price of $42.83, for a total value of $513,960.00. Following the sale, the senior vice president now owns 151,182 shares of the company’s stock, valued at approximately $6,475,125.06. This trade represents a 7.35 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Balkrishan Kalra sold 9,000 shares of the business’s stock in a transaction on Monday, November 25th. The stock was sold at an average price of $46.40, for a total value of $417,600.00. Following the transaction, the chief executive officer now directly owns 267,404 shares of the company’s stock, valued at $12,407,545.60. This trade represents a 3.26 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,600 shares of company stock valued at $1,538,120 over the last quarter. 2.80% of the stock is owned by corporate insiders.

Genpact Price Performance

NYSE:G opened at $54.74 on Wednesday. Genpact Limited has a 52 week low of $30.23 and a 52 week high of $56.76. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.85 and a current ratio of 1.85. The firm’s 50-day simple moving average is $46.23 and its 200 day simple moving average is $42.28. The firm has a market cap of $9.65 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 1.63 and a beta of 1.20.

Genpact (NYSE:G) last released its quarterly earnings results on Thursday, February 6th. The business services provider reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.04). Genpact had a net margin of 10.77% and a return on equity of 22.61%. As a group, sell-side analysts predict that Genpact Limited will post 3.08 earnings per share for the current year.

Genpact Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Tuesday, March 11th will be issued a dividend of $0.17 per share. This is a positive change from Genpact’s previous quarterly dividend of $0.15. This represents a $0.68 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Tuesday, March 11th. Genpact’s dividend payout ratio is 21.48%.

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.