AMI Asset Management Corp Acquires 12,066 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

AMI Asset Management Corp boosted its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 8.7% in the first quarter, HoldingsChannel reports. The institutional investor owned 150,180 shares of the business services provider’s stock after purchasing an additional 12,066 shares during the quarter. AMI Asset Management Corp’s holdings in ExlService were worth $4,776,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in EXLS. UBS Group AG lifted its stake in ExlService by 187.7% in the third quarter. UBS Group AG now owns 106,865 shares of the business services provider’s stock worth $2,996,000 after purchasing an additional 69,720 shares during the last quarter. Hsbc Holdings PLC raised its position in shares of ExlService by 44.5% in the third quarter. Hsbc Holdings PLC now owns 26,873 shares of the business services provider’s stock worth $756,000 after acquiring an additional 8,274 shares during the period. LPL Financial LLC raised its position in shares of ExlService by 463.6% in the third quarter. LPL Financial LLC now owns 124,213 shares of the business services provider’s stock worth $3,482,000 after acquiring an additional 102,174 shares during the period. Mariner LLC increased its stake in shares of ExlService by 411.8% during the third quarter. Mariner LLC now owns 24,131 shares of the business services provider’s stock worth $677,000 after purchasing an additional 19,416 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in shares of ExlService by 326.2% during the third quarter. Stifel Financial Corp now owns 143,380 shares of the business services provider’s stock worth $4,020,000 after purchasing an additional 109,740 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Insider Buying and Selling at ExlService

In other ExlService news, insider Vivek Jetley sold 4,000 shares of the business’s stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $30.28, for a total transaction of $121,120.00. Following the completion of the sale, the insider now owns 333,847 shares in the company, valued at $10,108,887.16. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Vivek Jetley sold 4,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The shares were sold at an average price of $30.28, for a total transaction of $121,120.00. Following the completion of the transaction, the insider now owns 333,847 shares in the company, valued at $10,108,887.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Rohit Kapoor sold 15,000 shares of the stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $30.61, for a total transaction of $459,150.00. Following the completion of the transaction, the chief executive officer now owns 1,616,435 shares of the company’s stock, valued at approximately $49,479,075.35. The disclosure for this sale can be found here. Insiders sold a total of 112,837 shares of company stock worth $3,469,418 over the last 90 days. Insiders own 3.75% of the company’s stock.

ExlService Stock Down 0.1 %

EXLS traded down $0.04 during trading on Thursday, hitting $31.40. The company had a trading volume of 335,022 shares, compared to its average volume of 1,107,166. The company has a market cap of $5.26 billion, a PE ratio of 29.02, a P/E/G ratio of 1.67 and a beta of 1.00. The business has a 50-day moving average of $30.09 and a 200-day moving average of $30.59. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 2.54. ExlService Holdings, Inc. has a 1-year low of $25.17 and a 1-year high of $33.40.

ExlService (NASDAQ:EXLS) last released its earnings results on Thursday, May 2nd. The business services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. ExlService had a net margin of 10.92% and a return on equity of 23.13%. The firm had revenue of $436.51 million during the quarter, compared to analyst estimates of $424.81 million. As a group, analysts forecast that ExlService Holdings, Inc. will post 1.28 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms have recently weighed in on EXLS. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price target on shares of ExlService in a research note on Friday, May 3rd. Citigroup dropped their target price on shares of ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Wedbush raised shares of ExlService from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $34.00 to $40.00 in a research report on Wednesday, May 8th. Finally, TD Cowen raised their price objective on shares of ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.00.

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.