Fenimore Asset Management Inc Has $123.14 Million Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Fenimore Asset Management Inc lowered its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 0.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,774,766 shares of the business services provider's stock after selling 15,486 shares during the period. ExlService accounts for approximately 2.6% of Fenimore Asset Management Inc's holdings, making the stock its 14th biggest holding. Fenimore Asset Management Inc owned 1.72% of ExlService worth $123,144,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXLS. Chartwell Investment Partners LLC boosted its position 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 valued at $1,196,000 after purchasing an additional 254 shares during the period. Azzad Asset Management Inc. ADV grew 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 worth $944,000 after acquiring an additional 261 shares during the last quarter. UMB Bank n.a. increased 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 purchasing an additional 288 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in ExlService by 3.4% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider's stock valued at $279,000 after acquiring an additional 291 shares in the last quarter. Finally, Dakota Wealth Management lifted its holdings in ExlService by 5.0% in the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock worth $288,000 after purchasing an additional 311 shares during the period. Institutional investors and hedge funds own 92.92% of the company's stock.

Insider Activity

In other news, CEO Rohit Kapoor sold 100,000 shares of the business's stock in a transaction on Friday, November 1st. The shares were sold at an average price of $41.45, for a total transaction of $4,145,000.00. Following the transaction, the chief executive officer now directly owns 1,290,240 shares in the company, valued at $53,480,448. The trade was a 7.19 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Vikas Bhalla sold 22,813 shares of the stock in a transaction on Monday, November 4th. The stock was sold at an average price of $41.86, for a total value of $954,952.18. Following the sale, the insider now owns 102,825 shares of the company's stock, valued at approximately $4,304,254.50. This represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 426,458 shares of company stock worth $18,720,514. 4.16% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on EXLS shares. StockNews.com lowered shares of ExlService from a "buy" rating to a "hold" rating in a research note on Saturday. Robert W. Baird boosted their price objective on ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a research note on Thursday, October 31st. Jefferies Financial Group raised their target price on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday. Citigroup upped their price target on shares of ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a report on Monday, October 14th. Finally, Needham & Company LLC raised their price objective on shares of ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $45.00.

ExlService Trading Up 0.0 %

NASDAQ EXLS traded up $0.02 on Friday, hitting $49.14. 911,272 shares of the company were exchanged, compared to its average volume of 777,519. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $50.11. The firm has a market capitalization of $7.91 billion, a P/E ratio of 43.11, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02. The company's 50 day moving average price is $45.90 and its 200-day moving average price is $40.40.

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