Chase Investment Counsel Corp Takes $546,000 Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Chase Investment Counsel Corp purchased a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the fourth quarter, Holdings Channel.com reports. The firm purchased 12,309 shares of the business services provider’s stock, valued at approximately $546,000.

A number of other hedge funds have also recently made changes to their positions in the company. State Street Corp grew its position in shares of ExlService by 1.0% during the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock valued at $222,693,000 after purchasing an additional 59,196 shares in the last quarter. Geneva Capital Management LLC grew its position in shares of ExlService by 1.9% during the 3rd quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock valued at $179,092,000 after purchasing an additional 87,592 shares in the last quarter. Geode Capital Management LLC grew its position in shares of ExlService by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock valued at $165,083,000 after purchasing an additional 149,856 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of ExlService by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,747,332 shares of the business services provider’s stock valued at $104,810,000 after purchasing an additional 21,358 shares in the last quarter. Finally, Handelsbanken Fonder AB lifted its holdings in shares of ExlService by 313.9% during the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock worth $97,400,000 after acquiring an additional 1,664,400 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Stock Performance

Shares of NASDAQ:EXLS opened at $48.45 on Friday. The company has a market cap of $7.79 billion, a price-to-earnings ratio of 42.50, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. The company has a 50-day moving average price of $48.05 and a 200-day moving average price of $43.09. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 12 month low of $28.16 and a 12 month high of $52.43.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data 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 firm had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. As a group, equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Activity

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the sale, the chief financial officer now directly owns 194,440 shares in the company, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Ajay Ayyappan sold 16,186 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the sale, the executive vice president now owns 40,986 shares of the company’s stock, valued at $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 34,928 shares of company stock valued at $1,762,344. Insiders own 4.16% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on EXLS. Needham & Company LLC lifted their price objective on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday. Stifel Nicolaus lifted 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. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Finally, Jefferies Financial Group boosted their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $47.38.

ExlService 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.