ExlService Holdings, Inc. (NASDAQ:EXLS) Stock Position Raised by Summitry LLC

Summitry LLC lifted its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 26.6% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,194 shares of the business services provider’s stock after buying an additional 1,929 shares during the quarter. Summitry LLC’s holdings in ExlService were worth $408,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Pier Capital LLC grew its position in ExlService by 2.1% in the fourth quarter. Pier Capital LLC now owns 228,856 shares of the business services provider’s stock worth $10,157,000 after acquiring an additional 4,732 shares in the last quarter. Zions Bancorporation N.A. boosted its holdings in ExlService by 18.3% in the fourth quarter. Zions Bancorporation N.A. now owns 70,959 shares of the business services provider’s stock worth $3,149,000 after purchasing an additional 10,996 shares in the last quarter. EFG Asset Management North America Corp. increased its position in ExlService by 86.0% during the fourth quarter. EFG Asset Management North America Corp. now owns 96,716 shares of the business services provider’s stock worth $4,293,000 after buying an additional 44,726 shares during the last quarter. Prudential Financial Inc. raised its holdings in ExlService by 60.4% during the fourth quarter. Prudential Financial Inc. now owns 123,735 shares of the business services provider’s stock valued at $5,491,000 after buying an additional 46,593 shares in the last quarter. Finally, Sheets Smith Investment Management acquired a new stake in shares of ExlService in the fourth quarter worth about $1,613,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Activity at ExlService

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the transaction, the chief financial officer now owns 194,440 shares of the company’s stock, valued at $9,554,781.60. This represents a 6.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the transaction, the executive vice president now owns 94,443 shares in the company, valued at approximately $4,336,822.56. This trade represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,351 shares of company stock valued at $2,337,284 over the last ninety days. 4.16% of the stock is owned by insiders.

ExlService Trading Up 1.5 %

Shares of ExlService stock opened at $47.20 on Wednesday. The company’s fifty day moving average price is $48.72 and its two-hundred day moving average price is $44.60. The firm has a market capitalization of $7.66 billion, a PE ratio of 41.40, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a 52-week low of $28.16 and a 52-week high of $52.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08). The company had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. On average, analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on EXLS. Jefferies Financial Group raised their price objective on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Stifel Nicolaus upped their price objective on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Needham & Company LLC lifted their target price on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.38.

ExlService Company Profile

ExlService Holdings, Inc operates as a data analytics, and digital operations and solutions company in the United States and internationally. The company operates through Insurance, Healthcare, Analytics, and Emerging Business segments. It also provides digital operations and solutions and analytics-driven services, such as claims processing, premium and benefit administration, agency management, account reconciliation, policy research, underwriting support, new business acquisition, policy servicing, premium audit, surveys, billing and collection, commercial and residential survey, and customer service using digital technology, artificial intelligence, machine learning, and advanced automation; digital customer acquisition services using a software-as-a-service delivery model through LifePRO and LISS platforms; subrogation services; and Subrosource software platform, an end-to-end subrogation platform.