Crossmark Global Holdings Inc. Acquires 5,816 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Crossmark Global Holdings Inc. grew its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 54.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,409 shares of the business services provider's stock after buying an additional 5,816 shares during the quarter. Crossmark Global Holdings Inc.'s holdings in ExlService were worth $728,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Chartwell Investment Partners LLC boosted its holdings in ExlService by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider's stock worth $1,196,000 after acquiring an additional 254 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its position in shares of ExlService by 1.1% during the third quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider's stock valued at $944,000 after purchasing an additional 261 shares in the last quarter. UMB Bank n.a. boosted its holdings in ExlService by 17.6% during the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock worth $85,000 after purchasing an additional 288 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in ExlService by 3.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider's stock worth $279,000 after purchasing an additional 291 shares in the last quarter. Finally, V Square Quantitative Management LLC increased its stake in ExlService by 5.0% in the 3rd quarter. V Square Quantitative Management LLC now owns 7,482 shares of the business services provider's stock valued at $285,000 after buying an additional 359 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

Insider Transactions at ExlService

In other ExlService news, Director Jaynie M. Studenmund sold 3,645 shares of the firm's stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the completion of the transaction, the director now directly owns 14,580 shares of the company's stock, valued at $642,249. This trade represents a 20.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Rohit Kapoor sold 100,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the completion of the sale, the chief executive officer now directly owns 689,645 shares in the company, valued at $32,323,661.15. This represents a 12.66 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 426,458 shares of company stock valued at $18,720,514 over the last three months. Company insiders own 4.16% of the company's stock.

Analysts Set New Price Targets

EXLS has been the topic of a number of research analyst reports. Citigroup boosted their target price on ExlService from $38.00 to $46.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. Jefferies Financial Group boosted their price objective on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Robert W. Baird raised their target price on ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. 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 report on Thursday, October 31st. Finally, StockNews.com downgraded shares of ExlService from a "buy" rating to a "hold" rating in a report on Saturday. Two research analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $45.00.

ExlService Stock Performance

ExlService stock traded up $0.02 during midday trading on Friday, reaching $49.14. The stock had a trading volume of 911,272 shares, compared to its average volume of 777,519. The firm has a market capitalization of $7.91 billion, a PE ratio of 43.11, a P/E/G ratio of 2.08 and a beta of 1.02. ExlService Holdings, Inc. has a 12 month low of $28.16 and a 12 month high of $50.11. 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's 50-day moving average price is $45.90 and its 200 day moving average price is $40.47.

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

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.