Thames Capital Management LLC Has $6.38 Million Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Thames Capital Management LLC grew its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 125.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,812 shares of the business services provider's stock after purchasing an additional 80,159 shares during the quarter. ExlService makes up approximately 1.7% of Thames Capital Management LLC's portfolio, making the stock its 26th largest holding. Thames Capital Management LLC owned 0.09% of ExlService worth $6,382,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. raised its stake in ExlService by 1.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider's stock valued at $633,000 after purchasing an additional 214 shares during the last quarter. Kensington Investment Counsel LLC raised its position in shares of ExlService by 0.7% during the fourth quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider's stock valued at $1,740,000 after buying an additional 282 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of ExlService by 17.6% in the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock valued at $85,000 after buying an additional 288 shares during the period. Dakota Wealth Management grew its position in ExlService by 5.0% during the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock worth $288,000 after buying an additional 311 shares in the last quarter. Finally, Quantinno Capital Management LP increased its stake in ExlService by 2.3% during the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider's stock valued at $597,000 after acquiring an additional 359 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Jefferies Financial Group increased their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Needham & Company LLC raised their price objective on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a research note on Sunday, February 2nd. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, ExlService has a consensus rating of "Moderate Buy" and a consensus target price of $48.86.

Insiders Place Their Bets

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the transaction, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay Ayyappan sold 1,865 shares of the business's stock in a transaction 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 sale, the executive vice president now owns 40,986 shares of the company's stock, 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. Insiders have sold a total of 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.

ExlService Price Performance

Shares of ExlService stock traded up $0.41 during mid-day trading on Friday, reaching $44.43. 476,677 shares of the stock were exchanged, compared to its average volume of 983,165. ExlService Holdings, Inc. has a fifty-two week low of $28.59 and a fifty-two week high of $52.43. The company has a market cap of $7.21 billion, a price-to-earnings ratio of 38.93, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The firm has a 50-day simple moving average of $47.65 and a 200 day simple moving average of $45.35. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.08). The business 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, sell-side 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.