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

Smith Group Asset Management LLC increased its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 422,607 shares of the business services provider’s stock after purchasing an additional 7,694 shares during the quarter. Smith Group Asset Management LLC’s holdings in ExlService were worth $18,755,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Chartwell Investment Partners LLC increased its position in shares of ExlService by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock valued at $1,196,000 after acquiring an additional 254 shares during the last quarter. Azzad Asset Management Inc. ADV grew its stake in shares of ExlService by 1.1% in the third quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock worth $944,000 after acquiring an additional 261 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of ExlService by 17.6% in the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock valued at $85,000 after buying an additional 288 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in ExlService by 3.4% in the second quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock valued at $279,000 after acquiring an additional 291 shares in the last quarter. Finally, Dakota Wealth Management lifted its stake in ExlService by 5.0% in the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock worth $288,000 after acquiring an additional 311 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on EXLS shares. Robert W. Baird increased their target price on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Needham & Company LLC raised their price objective on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Citigroup upped their target price 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 lowered shares of ExlService from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Jefferies Financial Group upped their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Two research 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 has an average rating of “Moderate Buy” and an average target price of $45.00.

Insider Buying and Selling

In other ExlService news, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the sale, the chief executive officer now owns 1,190,240 shares in the company, valued at approximately $50,073,396.80. This represents a 7.75 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jaynie M. Studenmund sold 3,645 shares of the company’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the transaction, the director now owns 14,580 shares in the company, valued at approximately $642,249. This trade represents a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 426,458 shares of company stock valued at $18,720,514. Corporate insiders own 4.16% of the company’s stock.

ExlService Trading Up 1.4 %

NASDAQ:EXLS opened at $50.22 on Wednesday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a market cap of $8.08 billion, a P/E ratio of 44.05, a PEG ratio of 2.08 and a beta of 1.02. The stock’s 50 day simple moving average is $46.12 and its 200-day simple moving average is $40.71. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $51.07.

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