ExlService Holdings, Inc. (NASDAQ:EXLS) Position Lifted by Geneva Capital Management LLC

Geneva Capital Management LLC raised its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,694,414 shares of the business services provider’s stock after buying an additional 87,592 shares during the quarter. ExlService makes up approximately 3.0% of Geneva Capital Management LLC’s portfolio, making the stock its 6th biggest position. Geneva Capital Management LLC owned approximately 2.92% of ExlService worth $179,092,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Chartwell Investment Partners LLC raised its holdings 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 worth $1,196,000 after purchasing an additional 254 shares in the last quarter. Azzad Asset Management Inc. ADV boosted its holdings in ExlService by 1.1% during the third quarter. Azzad Asset Management Inc. ADV now owns 24,757 shares of the business services provider’s stock worth $944,000 after buying an additional 261 shares in the last quarter. Mercer Global Advisors Inc. ADV grew 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 worth $279,000 after buying an additional 291 shares during the period. V Square Quantitative Management LLC increased its holdings in ExlService by 5.2% in the second quarter. V Square Quantitative Management LLC now owns 7,123 shares of the business services provider’s stock valued at $223,000 after buying an additional 349 shares in the last quarter. Finally, UMB Bank n.a. increased its holdings in ExlService by 29.7% in the third quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock valued at $62,000 after buying an additional 375 shares in the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on EXLS. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a report on Monday, November 4th. JPMorgan Chase & Co. increased their price objective on shares of ExlService from $38.00 to $41.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. Needham & Company LLC lifted their target price on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Jefferies Financial Group raised shares of ExlService from a “hold” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $42.00 in a research note on Monday, September 9th. Finally, Robert W. Baird boosted their target price on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $42.86.

ExlService Trading Up 0.2 %

ExlService stock traded up $0.09 during trading on Tuesday, reaching $46.99. The company had a trading volume of 323,942 shares, compared to its average volume of 952,513. ExlService Holdings, Inc. has a 12-month low of $26.54 and a 12-month high of $47.32. The stock’s 50 day moving average price is $38.95 and its two-hundred day moving average price is $34.52. The firm has a market capitalization of $7.56 billion, a price-to-earnings ratio of 41.14, a PEG ratio of 2.22 and a beta of 0.99. 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 released 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 business had revenue of $472.07 million for the quarter, compared to analyst estimates of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company’s revenue was up 14.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.30 EPS. As a group, equities analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In related news, CEO Rohit Kapoor sold 100,000 shares of ExlService stock in a transaction on Friday, November 1st. The shares were sold at an average price of $41.45, for a total transaction of $4,145,000.00. Following the transaction, the chief executive officer now owns 1,290,240 shares in the company, valued at approximately $53,480,448. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, EVP Anita Mahon sold 25,670 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $35.50, for a total value of $911,285.00. Following the transaction, the executive vice president now owns 68,857 shares in the company, valued at approximately $2,444,423.50. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $41.45, for a total value of $4,145,000.00. Following the transaction, the chief executive officer now owns 1,290,240 shares of the company’s stock, valued at approximately $53,480,448. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 285,498 shares of company stock valued at $11,556,573 over the last 90 days. Corporate 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.