Silvercrest Asset Management Group LLC Sells 8,680 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Silvercrest Asset Management Group LLC cut its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 2.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 330,873 shares of the business services provider’s stock after selling 8,680 shares during the period. Silvercrest Asset Management Group LLC’s holdings in ExlService were worth $14,684,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Proficio Capital Partners LLC bought a new stake in ExlService in the fourth quarter worth $8,682,000. Smith Group Asset Management LLC lifted its stake in ExlService by 1.9% in the fourth quarter. Smith Group Asset Management LLC now owns 422,607 shares of the business services provider’s stock worth $18,755,000 after purchasing an additional 7,694 shares during the last quarter. Oak Ridge Investments LLC lifted its stake in ExlService by 3.1% in the fourth quarter. Oak Ridge Investments LLC now owns 331,169 shares of the business services provider’s stock worth $14,697,000 after purchasing an additional 9,859 shares during the last quarter. Barclays PLC lifted its stake in ExlService by 62.6% in the third quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock worth $17,040,000 after purchasing an additional 171,912 shares during the last quarter. Finally, KBC Group NV lifted its stake in ExlService by 29.8% in the fourth quarter. KBC Group NV now owns 6,583 shares of the business services provider’s stock worth $292,000 after purchasing an additional 1,512 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Friday, May 9th. JPMorgan Chase & Co. boosted their price objective on shares of ExlService from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Needham & Company LLC boosted their price objective on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Jefferies Financial Group boosted their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus boosted their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, ExlService presently has a consensus rating of “Moderate Buy” and an average price target of $52.33.

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 1,865 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $48.32, for a total value of $90,116.80. Following the transaction, the executive vice president now owns 40,986 shares in the company, valued at approximately $1,980,443.52. This represents a 4.35% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Anita Mahon sold 10,558 shares of the stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total transaction 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. Over the last 90 days, insiders have sold 56,992 shares of company stock worth $2,673,620. Corporate insiders own 4.04% of the company’s stock.

ExlService Trading Down 0.3%

NASDAQ:EXLS opened at $46.07 on Friday. ExlService Holdings, Inc. has a one year low of $28.59 and a one year 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. The company’s 50-day simple moving average is $45.65 and its 200 day simple moving average is $46.52. The firm has a market capitalization of $7.50 billion, a P/E ratio of 40.41, a PEG ratio of 2.11 and a beta of 0.86.

ExlService (NASDAQ:EXLS) last issued its earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.03. The firm had revenue of $501.02 million for the quarter, compared to the consensus estimate of $489.66 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business’s revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. As a group, analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.