ExlService Holdings, Inc. (NASDAQ:EXLS) is Geneva Capital Management LLC's 2nd Largest Position

Geneva Capital Management LLC reduced its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 1.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,636,918 shares of the business services provider's stock after selling 57,496 shares during the period. ExlService comprises approximately 3.6% of Geneva Capital Management LLC's holdings, making the stock its 2nd largest position. Geneva Capital Management LLC owned approximately 2.88% of ExlService worth $205,786,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new position in ExlService during the 4th quarter valued at about $52,852,000. Proficio Capital Partners LLC bought a new position in ExlService during the fourth quarter valued at approximately $8,682,000. Atria Investments Inc purchased a new stake in ExlService in the fourth quarter worth approximately $212,000. Assetmark Inc. grew its position in ExlService by 7.0% in the 4th quarter. Assetmark Inc. now owns 26,607 shares of the business services provider's stock worth $1,181,000 after purchasing an additional 1,746 shares during the period. Finally, Cookson Peirce & Co. Inc. raised its stake in ExlService by 57.0% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 25,559 shares of the business services provider's stock valued at $1,134,000 after buying an additional 9,284 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

Insider Transactions at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the company's stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at $2,110,779. This represents a 28.31 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the sale, the chief financial officer now directly owns 194,440 shares of the company's stock, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 36,793 shares of company stock valued at $1,852,461 over the last 90 days. Company insiders own 4.16% of the company's stock.

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Analysts Set New Price Targets

A number of research firms have recently issued reports on EXLS. Jefferies Financial Group raised their price target on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Needham & Company LLC raised their target price on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a research report on Sunday, February 2nd. Finally, Stifel Nicolaus raised their price objective on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.38.

ExlService Stock Performance

NASDAQ EXLS traded down $1.81 on Monday, reaching $45.77. 1,164,064 shares of the stock were exchanged, compared to its average volume of 1,106,899. 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 Holdings, Inc. has a one year low of $28.16 and a one year high of $52.43. The firm has a market capitalization of $7.43 billion, a PE ratio of 40.15, a PEG ratio of 2.11 and a beta of 1.10. The company's 50-day simple moving average is $48.36 and its two-hundred day simple moving average is $43.73.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings data 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). The firm had revenue of $481.43 million for 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%. Analysts expect 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.