Neumeier Poma Investment Counsel LLC Has $46.08 Million Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Neumeier Poma Investment Counsel LLC decreased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.4% during the fourth quarter, HoldingsChannel reports. The fund owned 1,038,394 shares of the business services provider’s stock after selling 15,161 shares during the quarter. ExlService accounts for approximately 4.5% of Neumeier Poma Investment Counsel LLC’s investment portfolio, making the stock its largest holding. Neumeier Poma Investment Counsel LLC’s holdings in ExlService were worth $46,084,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in EXLS. Pathstone Holdings LLC raised its holdings in shares of ExlService by 0.8% in the third quarter. Pathstone Holdings LLC now owns 49,950 shares of the business services provider’s stock worth $1,906,000 after buying an additional 405 shares during the period. Intech Investment Management LLC purchased a new stake in ExlService in the third quarter worth $1,194,000. Charles Schwab Investment Management Inc. lifted 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 purchasing an additional 9,775 shares during the last quarter. Loomis Sayles & Co. L P bought a new stake in shares of ExlService during the third quarter worth $17,198,000. Finally, Quantbot Technologies LP boosted its stake in shares of ExlService by 106.3% during the third quarter. Quantbot Technologies LP now owns 84,119 shares of the business services provider’s stock valued at $3,209,000 after purchasing an additional 43,344 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Analyst Ratings Changes

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

ExlService Stock Down 0.0 %

ExlService stock opened at $47.18 on Thursday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm has a market cap of $7.66 billion, a P/E ratio of 41.39, a P/E/G ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $52.43. The business has a fifty day moving average of $48.74 and a two-hundred day moving average of $44.62.

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

Insiders Place Their Bets

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the sale, the chief financial officer now owns 194,440 shares in the company, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their position. The transaction was disclosed in a document filed 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 dated 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 transaction, the executive vice president now owns 94,443 shares of the company’s stock, valued at approximately $4,336,822.56. The trade was a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is currently owned by insiders.

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.