Sheets Smith Investment Management Invests $1.61 Million in ExlService Holdings, Inc. (NASDAQ:EXLS)

Sheets Smith Investment Management bought a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 36,353 shares of the business services provider's stock, valued at approximately $1,613,000. ExlService comprises approximately 1.4% of Sheets Smith Investment Management's portfolio, making the stock its 23rd biggest holding.

Other institutional investors have also modified their holdings of the company. Vanguard Group Inc. grew its holdings in ExlService by 1.4% during the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider's stock worth $699,925,000 after acquiring an additional 215,485 shares in the last quarter. State Street Corp grew its stake in ExlService by 1.0% in the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider's stock worth $222,693,000 after purchasing an additional 59,196 shares in the last quarter. Geode Capital Management LLC increased its holdings in ExlService by 3.6% in the third quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider's stock valued at $165,083,000 after buying an additional 149,856 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in ExlService by 313.9% during the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock worth $97,400,000 after buying an additional 1,664,400 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in ExlService by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider's stock worth $82,448,000 after buying an additional 9,775 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

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ExlService Stock Performance

NASDAQ:EXLS traded up $0.72 during mid-day trading on Tuesday, hitting $47.20. The stock had a trading volume of 1,040,046 shares, compared to its average volume of 938,687. ExlService Holdings, Inc. has a 52 week low of $28.16 and a 52 week high of $52.43. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $7.66 billion, a price-to-earnings ratio of 41.40, a P/E/G ratio of 2.11 and a beta of 1.10. The company has a 50 day simple moving average of $48.72 and a 200-day simple moving average of $44.60.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. On average, research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Transactions at ExlService

In related news, EVP Anita Mahon sold 10,558 shares of the stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the transaction, the executive vice president now owns 94,443 shares in the company, valued at $4,336,822.56. This represents a 10.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Ajay Ayyappan sold 16,186 shares of the business's stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the sale, the executive vice president now owns 40,986 shares in the company, valued at $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is currently owned by corporate insiders.

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.