GHP Investment Advisors Inc. Raises Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

GHP Investment Advisors Inc. increased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 17.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 186,156 shares of the business services provider's stock after purchasing an additional 27,868 shares during the period. GHP Investment Advisors Inc. owned 0.11% of ExlService worth $7,102,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of EXLS. PNC Financial Services Group Inc. grew its stake in shares of ExlService by 4.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 16,867 shares of the business services provider's stock worth $520,000 after purchasing an additional 702 shares in the last quarter. Compass Ion Advisors LLC lifted its position in ExlService by 20.5% in the first quarter. Compass Ion Advisors LLC now owns 26,163 shares of the business services provider's stock valued at $832,000 after acquiring an additional 4,450 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in ExlService by 24.3% in the first quarter. Allspring Global Investments Holdings LLC now owns 70,296 shares of the business services provider's stock valued at $2,235,000 after acquiring an additional 13,742 shares during the last quarter. State of Michigan Retirement System lifted its position in ExlService by 2.3% in the first quarter. State of Michigan Retirement System now owns 40,500 shares of the business services provider's stock valued at $1,288,000 after acquiring an additional 900 shares during the last quarter. Finally, Azzad Asset Management Inc. ADV lifted its position in ExlService by 1.9% in the first quarter. Azzad Asset Management Inc. ADV now owns 21,747 shares of the business services provider's stock valued at $692,000 after acquiring an additional 405 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

Insider Buying and Selling

In other ExlService news, CEO Rohit Kapoor sold 35,000 shares of the company's stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the transaction, the chief executive officer now directly owns 1,424,588 shares in the company, valued at approximately $51,541,593.84. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other ExlService news, CEO Rohit Kapoor sold 35,000 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $36.18, for a total value of $1,266,300.00. Following the completion of the transaction, the chief executive officer now directly owns 1,424,588 shares of the company's stock, valued at approximately $51,541,593.84. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Ajay Ayyappan sold 21,000 shares of the stock in a transaction dated Wednesday, August 7th. The shares were sold at an average price of $34.38, for a total transaction of $721,980.00. Following the completion of the transaction, the executive vice president now directly owns 29,909 shares of the company's stock, valued at approximately $1,028,271.42. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 134,875 shares of company stock valued at $4,716,859 over the last ninety days. Corporate insiders own 3.75% of the company's stock.

ExlService Stock Performance

NASDAQ EXLS traded down $0.48 during trading hours on Friday, hitting $38.60. 775,996 shares of the stock were exchanged, compared to its average volume of 941,627. The company has a market cap of $6.47 billion, a price-to-earnings ratio of 35.74, a price-to-earnings-growth ratio of 2.05 and a beta of 1.00. ExlService Holdings, Inc. has a 12-month low of $25.34 and a 12-month high of $40.77. The stock has a 50-day moving average of $37.45 and a 200 day moving average of $33.47. The company has a quick ratio of 2.45, a current ratio of 2.45 and a debt-to-equity ratio of 0.30.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.01. The firm had revenue of $448.40 million during the quarter, compared to analysts' expectations of $444.61 million. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The firm's revenue for the quarter was up 10.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.31 earnings per share. As a group, equities research analysts forecast that ExlService Holdings, Inc. will post 1.28 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on EXLS. Needham & Company LLC reissued a "buy" rating and issued a $40.00 price target on shares of ExlService in a research report on Friday, August 2nd. Jefferies Financial Group raised shares of ExlService from a "hold" rating to a "buy" rating and boosted their price target for the company from $35.00 to $42.00 in a research report on Monday, September 9th. JPMorgan Chase & Co. boosted their price target on shares of ExlService from $38.00 to $41.00 and gave the company an "overweight" rating in a research report on Friday, September 6th. Citigroup upped their target price 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, Robert W. Baird upped their target price on shares of ExlService from $35.00 to $40.00 and gave the company a "neutral" rating in a report on Thursday, October 10th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $40.86.

ExlService 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.