Summit Creek Advisors LLC Has $21.78 Million Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Summit Creek Advisors LLC trimmed its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 23.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 490,799 shares of the business services provider's stock after selling 147,118 shares during the period. ExlService makes up 2.9% of Summit Creek Advisors LLC's portfolio, making the stock its 12th biggest position. Summit Creek Advisors LLC owned 0.31% of ExlService worth $21,782,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in EXLS. Vanguard Group Inc. lifted its stake in shares of ExlService by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock worth $699,925,000 after acquiring an additional 215,485 shares in the last quarter. State Street Corp increased its holdings in ExlService by 1.0% during the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider's stock worth $222,693,000 after purchasing an additional 59,196 shares during the last quarter. Geode Capital Management LLC raised its position in shares of ExlService by 3.6% in the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider's stock valued at $165,083,000 after purchasing an additional 149,856 shares in the last quarter. Handelsbanken Fonder AB boosted its stake in shares of ExlService by 313.9% during the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock valued at $97,400,000 after buying an additional 1,664,400 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew 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 buying an additional 9,775 shares in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

A number of equities research analysts have recently issued reports on EXLS shares. StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research note on Sunday, February 2nd. Jefferies Financial Group upped their target price on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Needham & Company LLC upped their price objective on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, Stifel Nicolaus increased their target price 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 assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $47.38.

Insider Activity at ExlService

In other news, EVP Anita Mahon sold 10,558 shares of the company'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 transaction, the executive vice president now owns 94,443 shares in the company, valued at $4,336,822.56. This represents a 10.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction on Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the sale, the executive vice president now directly owns 40,986 shares of the company's stock, valued at $2,110,779. This trade represents a 28.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,351 shares of company stock worth $2,337,284 in the last quarter. 4.16% of the stock is owned by company insiders.

ExlService Price Performance

ExlService stock traded up $0.72 during trading hours on Tuesday, hitting $47.20. 1,040,046 shares of the company traded hands, compared to its average volume of 938,687. The firm's 50-day simple moving average is $48.72 and its two-hundred day simple moving average is $44.60. The firm has a market cap of $7.66 billion, a P/E ratio of 41.40, a P/E/G ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $52.43. 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 (NASDAQ:EXLS - Get Free Report) last announced its earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. As a group, analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share 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.