Creative Planning Grows Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Creative Planning grew its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 70.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 37,402 shares of the business services provider's stock after purchasing an additional 15,489 shares during the quarter. Creative Planning's holdings in ExlService were worth $1,427,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. William Blair Investment Management LLC grew its holdings in shares of ExlService by 46.5% during the second quarter. William Blair Investment Management LLC now owns 5,097,925 shares of the business services provider's stock valued at $159,871,000 after buying an additional 1,618,003 shares during the last quarter. Silvercrest Asset Management Group LLC purchased a new stake in shares of ExlService during the first quarter valued at $19,417,000. Handelsbanken Fonder AB grew its holdings in shares of ExlService by 1,216.2% during the third quarter. Handelsbanken Fonder AB now owns 530,290 shares of the business services provider's stock valued at $20,231,000 after buying an additional 490,000 shares during the last quarter. Geneva Capital Management LLC grew its holdings in shares of ExlService by 8.7% during the first quarter. Geneva Capital Management LLC now owns 4,585,428 shares of the business services provider's stock valued at $145,817,000 after buying an additional 365,776 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of ExlService by 156.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 418,100 shares of the business services provider's stock valued at $13,296,000 after buying an additional 255,100 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other ExlService news, CEO Rohit Kapoor sold 40,000 shares of the company's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $34.05, for a total value of $1,362,000.00. Following the completion of the transaction, the chief executive officer now owns 1,509,588 shares in the company, valued at approximately $51,401,471.40. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, EVP Anita Mahon sold 25,670 shares of the firm's stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $35.50, for a total value of $911,285.00. Following the transaction, the executive vice president now directly owns 68,857 shares of the company's stock, valued at approximately $2,444,423.50. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 40,000 shares of the firm's stock in a transaction dated Thursday, August 8th. The shares were sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,509,588 shares in the company, valued at $51,401,471.40. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 134,875 shares of company stock worth $4,716,859. Company insiders own 3.75% of the company's stock.

ExlService Price Performance

Shares of ExlService stock traded up $2.63 during trading hours on Wednesday, reaching $41.65. The stock had a trading volume of 1,900,687 shares, compared to its average volume of 944,182. The stock's 50 day moving average is $37.59 and its 200 day moving average is $33.61. The firm has a market capitalization of $6.98 billion, a PE ratio of 38.94, a PEG ratio of 2.07 and a beta of 1.00. ExlService Holdings, Inc. has a twelve month low of $25.40 and a twelve month high of $42.15. The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.30.

ExlService (NASDAQ:EXLS - Get Free Report) last issued 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. The business had revenue of $448.40 million during the quarter, compared to the consensus estimate of $444.61 million. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The company's revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.31 earnings per share. Equities analysts expect that ExlService Holdings, Inc. will post 1.28 earnings per share 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.