Chase Investment Counsel Corp Acquires Shares of 12,309 ExlService Holdings, Inc. (NASDAQ:EXLS)

Chase Investment Counsel Corp purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 12,309 shares of the business services provider's stock, valued at approximately $546,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXLS. Algert Global LLC raised its position in ExlService by 18.0% in the third quarter. Algert Global LLC now owns 150,460 shares of the business services provider's stock valued at $5,740,000 after purchasing an additional 22,970 shares during the period. Quest Partners LLC grew its stake in shares of ExlService by 196.8% in the third quarter. Quest Partners LLC now owns 70,015 shares of the business services provider's stock valued at $2,671,000 after buying an additional 46,422 shares in the last quarter. Eagle Asset Management Inc. raised its holdings in shares of ExlService by 4.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider's stock valued at $27,163,000 after buying an additional 29,510 shares during the period. Assetmark Inc. lifted its stake in ExlService by 107,991.3% during the 3rd quarter. Assetmark Inc. now owns 24,861 shares of the business services provider's stock worth $948,000 after acquiring an additional 24,838 shares in the last quarter. Finally, Walleye Capital LLC purchased a new position in ExlService during the 3rd quarter valued at about $1,543,000. 92.92% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at ExlService

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the sale, the chief financial officer now directly owns 194,440 shares of the company's stock, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ajay Ayyappan sold 1,865 shares of the business's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $48.32, for a total value of $90,116.80. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $1,980,443.52. The trade was a 4.35 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,793 shares of company stock worth $1,852,461. Insiders own 4.16% of the company's stock.

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ExlService Stock Up 1.1 %

NASDAQ:EXLS traded up $0.51 during midday trading on Wednesday, hitting $47.46. 1,096,808 shares of the company were exchanged, compared to its average volume of 1,114,945. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $52.43. The company has a market capitalization of $7.70 billion, a PE ratio of 41.63, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. 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 company has a fifty day simple moving average of $48.23 and a 200 day simple moving average of $43.48.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.08). The firm had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. As a group, equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.