AMI Asset Management Corp Has $2.52 Million Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

AMI Asset Management Corp reduced its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 56,755 shares of the business services provider’s stock after selling 2,101 shares during the quarter. AMI Asset Management Corp’s holdings in ExlService were worth $2,519,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Chartwell Investment Partners LLC increased its position in ExlService by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock worth $1,196,000 after purchasing an additional 254 shares during the last quarter. Azzad Asset Management Inc. ADV grew 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 buying an additional 261 shares in the last quarter. UMB Bank n.a. increased its holdings in ExlService by 17.6% in the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock worth $85,000 after buying an additional 288 shares during the last quarter. Mercer Global Advisors Inc. ADV raised its position 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 valued at $279,000 after acquiring an additional 291 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its stake in ExlService by 5.0% in the third quarter. V Square Quantitative Management LLC now owns 7,482 shares of the business services provider’s stock valued at $285,000 after acquiring an additional 359 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Needham & Company LLC increased their price target on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Robert W. Baird raised their target price on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Friday. Finally, Citigroup raised their price objective on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.86.

ExlService Price Performance

NASDAQ EXLS opened at $47.15 on Tuesday. The stock has a 50-day simple moving average of $45.61 and a 200 day simple moving average of $39.97. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $47.93. The stock has a market capitalization of $7.59 billion, a PE ratio of 41.36, a P/E/G ratio of 1.97 and a beta of 1.02. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

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

Insider Activity

In other ExlService news, Director Jaynie M. Studenmund sold 3,645 shares of the business’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total value of $160,562.25. Following the sale, the director now owns 14,580 shares of the company’s stock, valued at $642,249. The trade was a 20.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Rohit Kapoor sold 100,000 shares of the firm’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the transaction, the chief executive officer now directly owns 1,190,240 shares of the company’s stock, valued at $50,073,396.80. The trade was a 7.75 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 426,458 shares of company stock valued at $18,720,514. Insiders own 4.16% of the company’s stock.

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.