Smith Group Asset Management LLC Boosts Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Smith Group Asset Management LLC raised its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 422,607 shares of the business services provider’s stock after buying an additional 7,694 shares during the quarter. Smith Group Asset Management LLC owned about 0.26% of ExlService worth $18,755,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in ExlService during the third quarter valued at approximately $27,000. Huntington National Bank raised its stake in ExlService by 2,827.5% in the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after buying an additional 1,131 shares during the last quarter. USA Financial Formulas purchased a new position in shares of ExlService in the 4th quarter valued at approximately $58,000. UMB Bank n.a. lifted its stake in shares of ExlService by 29.7% during the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after buying an additional 375 shares during the period. Finally, GAMMA Investing LLC raised its stake in ExlService by 32.8% in the 3rd quarter. GAMMA Investing LLC now owns 2,331 shares of the business services provider’s stock worth $89,000 after acquiring an additional 576 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors.

Insider Activity at ExlService

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $41.45, for a total value of $4,145,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,290,240 shares in the company, valued at $53,480,448. This represents a 7.19 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the sale, the insider now owns 102,825 shares of the company’s stock, valued at approximately $4,304,254.50. The trade was a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,458 shares of company stock valued at $18,720,514. 4.16% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EXLS. Needham & Company LLC boosted their price target on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group raised their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Citigroup upped their price objective on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a report on Monday, October 14th. StockNews.com cut shares of ExlService from a “buy” rating to a “hold” rating in a report on Saturday. Finally, Robert W. Baird lifted their price target on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $45.00.

ExlService Stock Up 1.4 %

ExlService stock opened at $50.22 on Wednesday. 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 business has a 50 day simple moving average of $46.12 and a 200-day simple moving average of $40.71. The stock has a market capitalization of $8.08 billion, a PE ratio of 44.05, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02. ExlService Holdings, Inc. has a 12 month low of $28.16 and a 12 month high of $51.07.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $472.07 million during the quarter, compared to analysts’ expectations of $460.73 million. During the same quarter in the prior year, the firm earned $0.30 earnings per share. The business’s revenue was up 14.9% compared to the same quarter last year. On average, analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.