NorthCrest Asset Manangement LLC Takes Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

NorthCrest Asset Manangement LLC bought a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 24,370 shares of the business services provider's stock, valued at approximately $930,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of ExlService by 164.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider's stock valued at $29,000 after purchasing an additional 574 shares during the period. New Covenant Trust Company N.A. bought a new position in ExlService during the first quarter worth about $30,000. Fidelis Capital Partners LLC bought a new position in shares of ExlService during the 1st quarter valued at about $43,000. Headlands Technologies LLC raised its position in ExlService by 269.0% in the 1st quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider's stock valued at $51,000 after buying an additional 1,162 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in shares of ExlService by 28.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,755 shares of the business services provider's stock worth $55,000 after purchasing an additional 391 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

Insiders Place Their Bets

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

ExlService Trading Up 0.4 %

EXLS stock traded up $0.14 during trading on Monday, reaching $38.74. The company had a trading volume of 615,281 shares, compared to its average volume of 940,057. ExlService Holdings, Inc. has a 52 week low of $25.34 and a 52 week high of $40.77. The company has a market cap of $6.49 billion, a P/E ratio of 36.09, a PEG ratio of 2.07 and a beta of 1.00. The business has a 50 day moving average of $37.45 and a 200 day moving average of $33.49. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.45 and a quick ratio of 2.45.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on EXLS shares. Jefferies Financial Group upgraded 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 note on Monday, September 9th. JPMorgan Chase & Co. upped their target price on ExlService from $38.00 to $41.00 and gave the stock an "overweight" rating in a report on Friday, September 6th. Needham & Company LLC reissued a "buy" rating and issued a $40.00 price target on shares of ExlService in a research note on Friday, August 2nd. Citigroup raised their target price on ExlService from $38.00 to $46.00 and gave the stock a "buy" rating in a research note on Monday, October 14th. Finally, Robert W. Baird increased their price target on ExlService from $35.00 to $40.00 and gave the stock 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 issued a buy rating to the company. Based on data from MarketBeat.com, ExlService currently has an average rating of "Moderate Buy" and an average price target of $40.86.

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.