ExlService Holdings, Inc. (NASDAQ:EXLS) Holdings Trimmed by Summit Creek Advisors LLC

Summit Creek Advisors LLC lowered its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 23.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 490,799 shares of the business services provider’s stock after selling 147,118 shares during the quarter. ExlService accounts for approximately 2.9% of Summit Creek Advisors LLC’s investment portfolio, making the stock its 12th largest position. Summit Creek Advisors LLC’s holdings in ExlService were worth $21,782,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Mather Group LLC. purchased a new stake in shares of ExlService during the fourth quarter valued at $25,000. Kestra Investment Management LLC purchased a new stake in shares of ExlService during the fourth quarter valued at $26,000. USA Financial Formulas purchased a new stake in shares of ExlService during the fourth quarter valued at $58,000. VisionPoint Advisory Group LLC purchased a new stake in shares of ExlService during the fourth quarter valued at $58,000. Finally, UMB Bank n.a. lifted its stake in ExlService by 17.6% in the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock worth $85,000 after acquiring an additional 288 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Stock Performance

EXLS opened at $46.34 on Monday. The firm has a market capitalization of $7.52 billion, a P/E ratio of 40.65, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. The stock’s 50 day moving average price is $48.69 and its two-hundred day moving average price is $44.44. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $52.43.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). The business had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. On average, equities analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Buying and Selling at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 1,865 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $48.32, for a total value of $90,116.80. Following the completion of the sale, the executive vice president now owns 40,986 shares in the company, valued at approximately $1,980,443.52. This trade represents a 4.35 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the sale, the executive vice president now owns 94,443 shares of the company’s stock, valued at $4,336,822.56. This represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,351 shares of company stock valued at $2,337,284 in the last 90 days. 4.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

EXLS has been the subject of several research analyst reports. Stifel Nicolaus increased their price objective on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Needham & Company LLC upped their target price on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group upped their target price on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.38.

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.