Nicolet Advisory Services LLC Has $849,000 Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Nicolet Advisory Services LLC increased its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 6.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,774 shares of the business services provider’s stock after buying an additional 1,390 shares during the quarter. Nicolet Advisory Services LLC’s holdings in ExlService were worth $849,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Eagle Asset Management Inc. increased its holdings in ExlService by 4.3% in the third quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock valued at $27,163,000 after purchasing an additional 29,510 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of ExlService by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider’s stock worth $82,448,000 after acquiring an additional 9,775 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of ExlService in the third quarter worth approximately $1,194,000. EULAV Asset Management boosted its holdings in ExlService by 5.4% in the third quarter. EULAV Asset Management now owns 541,065 shares of the business services provider’s stock valued at $20,642,000 after acquiring an additional 27,565 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in ExlService by 25.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,576 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 524 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Activity

In other ExlService news, Director Jaynie M. Studenmund sold 3,645 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the transaction, the director now directly owns 14,580 shares in the company, valued at $642,249. The trade was a 20.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the sale, the chief executive officer now owns 689,645 shares of the company’s stock, valued at approximately $32,323,661.15. The trade was a 12.66 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 461,458 shares of company stock valued at $19,986,814 over the last three months. Corporate insiders own 4.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on EXLS. Needham & Company LLC boosted their price target on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Wednesday, November 13th. Robert W. Baird lifted their price objective on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Jefferies Financial Group upgraded ExlService from a “hold” rating to a “buy” rating and upped their target price for the company from $35.00 to $42.00 in a research report on Monday, September 9th. Finally, JPMorgan Chase & Co. boosted their price target on ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $42.86.

ExlService Trading Up 1.2 %

NASDAQ EXLS opened at $46.21 on Friday. 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 capitalization of $7.43 billion, a P/E ratio of 40.54, a PEG ratio of 2.22 and a beta of 0.99. The business has a fifty day simple moving average of $40.64 and a 200 day simple moving average of $35.44. ExlService Holdings, Inc. has a 12 month low of $27.95 and a 12 month high of $47.32.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.03. The business had revenue of $472.07 million for the quarter, compared to analysts’ expectations of $460.73 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm’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 company earned $0.30 earnings per share. On average, analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

About ExlService

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.