ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Sold by Campbell Newman Asset Management Inc.

Campbell Newman Asset Management Inc. cut its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 93,363 shares of the business services provider’s stock after selling 258 shares during the quarter. Campbell Newman Asset Management Inc.’s holdings in ExlService were worth $4,143,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of EXLS. Algert Global LLC lifted its position in shares of ExlService by 18.0% in the 3rd quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock valued at $5,740,000 after acquiring an additional 22,970 shares in the last quarter. Quest Partners LLC lifted its holdings in shares of ExlService by 196.8% in the third quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock valued at $2,671,000 after purchasing an additional 46,422 shares in the last quarter. Eagle Asset Management Inc. boosted its position in shares of ExlService by 4.3% in the third quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock worth $27,163,000 after buying an additional 29,510 shares during the period. Assetmark Inc. grew its holdings in shares of ExlService by 107,991.3% during the third quarter. Assetmark Inc. now owns 24,861 shares of the business services provider’s stock valued at $948,000 after buying an additional 24,838 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in ExlService by 317.0% during the second quarter. Renaissance Technologies LLC now owns 255,200 shares of the business services provider’s stock valued at $8,003,000 after buying an additional 194,000 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

EXLS has been the subject of a number of research reports. StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. Citigroup raised their price target on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. Needham & Company LLC upped their price objective on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Finally, Robert W. Baird lifted 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. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $42.86.

ExlService Stock Up 1.3 %

EXLS traded up $0.59 during midday trading on Wednesday, hitting $46.47. 16,266 shares of the company’s stock traded hands, compared to its average volume of 789,324. 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 $7.48 billion, a PE ratio of 40.76, a price-to-earnings-growth ratio of 2.23 and a beta of 1.02. The stock’s fifty day simple moving average is $45.52 and its 200-day simple moving average is $39.53. ExlService Holdings, Inc. has a one year low of $28.16 and a one year high of $47.37.

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

Insider Transactions at ExlService

In related news, insider Vikas Bhalla sold 22,813 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $41.86, for a total value of $954,952.18. Following the completion of the sale, the insider now directly owns 102,825 shares in the company, valued at approximately $4,304,254.50. The trade was a 18.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jaynie M. Studenmund sold 3,645 shares of the stock in a transaction that occurred 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 transaction, the director now owns 14,580 shares in the company, valued at approximately $642,249. This trade represents a 20.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 426,458 shares of company stock worth $18,720,514. 4.16% of the stock is owned by corporate 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.