Tevis Investment Management Invests $356,000 in ExlService Holdings, Inc. (NASDAQ:EXLS)

Tevis Investment Management acquired a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 8,024 shares of the business services provider's stock, valued at approximately $356,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Chartwell Investment Partners LLC grew its position in ExlService by 0.8% during the 3rd quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider's stock worth $1,196,000 after acquiring an additional 254 shares during the last quarter. UMB Bank n.a. grew its position in ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock worth $85,000 after acquiring an additional 288 shares during the last quarter. Dakota Wealth Management grew its position in ExlService by 5.0% during the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock worth $288,000 after acquiring an additional 311 shares during the last quarter. V Square Quantitative Management LLC grew its position in ExlService by 5.0% during the 3rd quarter. V Square Quantitative Management LLC now owns 7,482 shares of the business services provider's stock worth $285,000 after acquiring an additional 359 shares during the last quarter. Finally, Quantinno Capital Management LP grew its position in ExlService by 2.3% during the 3rd quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider's stock worth $597,000 after acquiring an additional 359 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

Insider Activity at ExlService

In related news, Director Jaynie M. Studenmund sold 3,645 shares of the company's stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the transaction, the director now directly owns 14,580 shares of the company's stock, valued at approximately $642,249. This represents a 20.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of the company's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the transaction, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 4.16% of the stock is owned by corporate insiders.

ExlService Trading Down 0.9 %

Shares of ExlService stock traded down $0.48 on Tuesday, hitting $51.03. 613,835 shares of the company's stock traded hands, compared to its average volume of 948,724. ExlService Holdings, Inc. has a one year low of $28.16 and a one year high of $52.43. 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 fifty day moving average of $46.98 and a two-hundred day moving average of $41.77. The company has a market capitalization of $8.21 billion, a price-to-earnings ratio of 44.76, a price-to-earnings-growth ratio of 2.17 and a beta of 1.03.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Needham & Company LLC upped their price target on ExlService from $40.00 to $50.00 and gave the company a "buy" rating in a research report on Thursday, October 31st. Citigroup upped their price target on ExlService from $38.00 to $46.00 and gave the company a "buy" rating in a research report on Monday, October 14th. 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. StockNews.com upgraded ExlService from a "hold" rating to a "buy" rating in a research report on Sunday, February 2nd. Finally, Robert W. Baird upped their price target on ExlService from $40.00 to $44.00 and gave the company a "neutral" rating in a research report on Thursday, October 31st. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, ExlService has an average rating of "Moderate Buy" and an average price target of $45.00.

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.