Summit Creek Advisors LLC Sells 147,118 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Summit Creek Advisors LLC lessened its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 23.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 490,799 shares of the business services provider's stock after selling 147,118 shares during the quarter. ExlService comprises about 2.9% of Summit Creek Advisors LLC's investment portfolio, making the stock its 12th largest holding. Summit Creek Advisors LLC owned about 0.31% of ExlService worth $21,782,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in EXLS. Vanguard Group Inc. increased its stake in shares of ExlService by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock valued at $699,925,000 after acquiring an additional 215,485 shares during the last quarter. State Street Corp grew its holdings in ExlService by 1.0% during the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider's stock valued at $222,693,000 after purchasing an additional 59,196 shares during the period. Geode Capital Management LLC increased its stake in ExlService by 3.6% in the third 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 raised its holdings in ExlService by 313.9% in the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock worth $97,400,000 after purchasing an additional 1,664,400 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted 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 in the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

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Insiders Place Their Bets

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the company's 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 approximately $2,110,779. This represents a 28.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of ExlService stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the transaction, the executive vice president now directly owns 94,443 shares of the company's stock, valued at approximately $4,336,822.56. This trade represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,351 shares of company stock valued at $2,337,284 in the last three months. 4.16% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

EXLS has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Sunday, February 2nd. Jefferies Financial Group increased their price target on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Stifel Nicolaus raised their price target on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC boosted their price objective on ExlService from $50.00 to $60.00 and gave the company 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 given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $47.38.

ExlService Stock Down 0.6 %

ExlService stock traded down $0.27 during midday trading on Friday, reaching $46.80. The stock had a trading volume of 848,676 shares, compared to its average volume of 983,881. The stock has a market capitalization of $7.60 billion, a P/E ratio of 41.05, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. The firm's fifty day simple moving average is $48.73 and its 200-day simple moving average is $44.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $52.43.

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