Timber Creek Capital Management LLC Has $4.98 Million Stock Holdings in Genpact Limited (NYSE:G)

Timber Creek Capital Management LLC increased its position in shares of Genpact Limited (NYSE:G - Free Report) by 27.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 98,856 shares of the business services provider's stock after purchasing an additional 21,094 shares during the period. Genpact comprises about 1.3% of Timber Creek Capital Management LLC's investment portfolio, making the stock its 28th largest position. Timber Creek Capital Management LLC owned about 0.06% of Genpact worth $4,980,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Tandem Investment Advisors Inc. increased its position in shares of Genpact by 6.6% during the first quarter. Tandem Investment Advisors Inc. now owns 2,270,143 shares of the business services provider's stock valued at $114,370,000 after purchasing an additional 140,228 shares during the period. Aaron Wealth Advisors LLC boosted its stake in Genpact by 9.5% in the 1st quarter. Aaron Wealth Advisors LLC now owns 8,147 shares of the business services provider's stock valued at $410,000 after buying an additional 710 shares in the last quarter. Summit Trail Advisors LLC boosted 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 valued at $2,196,000 after buying an additional 12,752 shares in the last quarter. KBC Group NV boosted its stake in Genpact by 4.7% in the 1st 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. acquired a new stake in Genpact in the 1st quarter valued at $115,807,000. 96.03% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Nicholas C. Gangestad acquired 2,000 shares of Genpact stock in a transaction dated Tuesday, May 13th. The stock was bought at an average cost of $43.97 per share, with a total value of $87,940.00. Following the completion of 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.80% of the stock is owned by company insiders.

Genpact Trading Up 0.3%

Shares of G traded up $0.15 during trading hours on Monday, hitting $46.07. 2,340,035 shares of the stock traded hands, compared to its average volume of 1,413,704. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.48. Genpact Limited has a 1-year low of $30.38 and a 1-year high of $56.76. The firm has a market capitalization of $8.06 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 2.00 and a beta of 0.94. The business has a fifty day moving average of $44.26 and a 200-day moving average of $47.02.

Genpact (NYSE:G - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The business services provider reported $0.84 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.04. The business had revenue of $1.21 billion during 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 firm's revenue was up 7.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.73 earnings per share. Analysts expect that Genpact Limited will post 3.21 EPS 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 issued a $0.17 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.68 annualized dividend and a dividend yield of 1.48%. Genpact's dividend payout ratio (DPR) is currently 23.21%.

Wall Street Analyst Weigh In

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

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.