Smith Group Asset Management LLC Boosts Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Smith Group Asset Management LLC grew its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 422,607 shares of the business services provider's stock after purchasing an additional 7,694 shares during the quarter. Smith Group Asset Management LLC owned approximately 0.26% of ExlService worth $18,755,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Chartwell Investment Partners LLC boosted its position in ExlService by 0.8% during the third quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider's stock valued at $1,196,000 after acquiring an additional 254 shares during the last quarter. Azzad Asset Management Inc. ADV lifted its stake in shares of ExlService by 1.1% in the 3rd quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider's stock valued at $944,000 after purchasing an additional 261 shares during the period. UMB Bank n.a. boosted its position in shares of ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock valued at $85,000 after purchasing an additional 288 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its stake in ExlService by 3.4% during the second quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider's stock worth $279,000 after purchasing an additional 291 shares during the period. Finally, Dakota Wealth Management increased its holdings in ExlService by 5.0% in the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock worth $288,000 after purchasing an additional 311 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Stock Down 0.5 %

Shares of EXLS traded down $0.23 on Friday, reaching $50.26. The company's stock had a trading volume of 890,105 shares, compared to its average volume of 905,386. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $51.07. The stock has a market capitalization of $8.09 billion, a PE ratio of 44.09, a PEG ratio of 2.09 and a beta of 1.02. 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 firm has a fifty day moving average of $46.41 and a 200-day moving average of $41.00.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. The firm had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company's quarterly revenue was up 14.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.30 earnings per share. Equities analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on EXLS shares. StockNews.com downgraded shares of ExlService from a "buy" rating to a "hold" rating in a research report on Saturday, January 25th. Robert W. Baird raised their price target on shares of ExlService from $40.00 to $44.00 and gave the stock a "neutral" rating in a report on Thursday, October 31st. Jefferies Financial Group upped their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Citigroup increased their price objective on shares of ExlService from $38.00 to $46.00 and gave the stock a "buy" rating in a research report on Monday, October 14th. Finally, Needham & Company LLC boosted their target price on ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Two investment 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, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $45.00.

Insider Activity at ExlService

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the sale, the chief financial officer now directly owns 194,440 shares of the company's stock, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vikas Bhalla sold 22,813 shares of the stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the completion of the sale, the insider now owns 102,825 shares of the company's stock, valued at approximately $4,304,254.50. This trade represents a 18.16 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 340,211 shares of company stock valued at $15,251,337. 4.16% of the stock is owned by insiders.

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.