Sheets Smith Investment Management Acquires New Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Sheets Smith Investment Management purchased a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 36,353 shares of the business services provider's stock, valued at approximately $1,613,000. ExlService makes up approximately 1.4% of Sheets Smith Investment Management's investment portfolio, making the stock its 23rd biggest holding.

Other institutional investors have also recently made changes to their positions in the company. Natixis Advisors LLC grew its position in shares of ExlService by 5.5% in the 3rd quarter. Natixis Advisors LLC now owns 55,122 shares of the business services provider's stock valued at $2,103,000 after acquiring an additional 2,896 shares during the period. Pathstone Holdings LLC lifted its stake in ExlService by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 49,950 shares of the business services provider's stock valued at $1,906,000 after purchasing an additional 405 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in ExlService by 25.5% during the third quarter. First Horizon Advisors Inc. now owns 2,576 shares of the business services provider's stock worth $98,000 after purchasing an additional 524 shares during the period. Intech Investment Management LLC acquired a new position in ExlService during the third quarter worth approximately $1,194,000. Finally, Charles Schwab Investment Management Inc. raised its stake in ExlService by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider's stock valued at $82,448,000 after buying an additional 9,775 shares during the period. Institutional investors and hedge funds own 92.92% of the company's stock.

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Insider Transactions at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the firm's stock in a transaction 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 sale, the executive vice president now owns 40,986 shares of the company's stock, valued at approximately $2,110,779. This trade represents a 28.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of ExlService stock in a transaction on 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 approximately $4,336,822.56. The trade was a 10.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is owned by corporate insiders.

ExlService Stock Performance

ExlService stock traded down $0.27 during midday trading on Friday, hitting $46.80. The company's stock had a trading volume of 848,676 shares, compared to its average volume of 983,881. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The company has a market cap of $7.60 billion, a price-to-earnings ratio of 41.05, a PEG ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $52.43. The company has a 50-day moving average price of $48.73 and a two-hundred day moving average price of $44.71.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts' consensus estimates of $0.42 by ($0.08). The business had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. As a group, sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analyst Ratings Changes

EXLS has been the topic of a number of recent analyst reports. Jefferies Financial Group boosted their target price on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Needham & Company LLC upped their price objective on shares of ExlService from $50.00 to $60.00 and gave the company 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 research report on Sunday, February 2nd. Finally, Stifel Nicolaus lifted their target price 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 equities research analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat.com, ExlService has a consensus rating of "Moderate Buy" and an average price target of $47.38.

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.