Geneva Capital Management LLC Boosts Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Geneva Capital Management LLC raised its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,219,652 shares of the business services provider’s stock after buying an additional 13,039 shares during the quarter. ExlService comprises about 2.5% of Geneva Capital Management LLC’s portfolio, making the stock its 7th largest position. Geneva Capital Management LLC owned about 2.56% of ExlService worth $130,176,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. GHP Investment Advisors Inc. lifted its position in shares of ExlService by 1,301.4% during the 4th quarter. GHP Investment Advisors Inc. now owns 85,723 shares of the business services provider’s stock valued at $2,645,000 after acquiring an additional 79,606 shares during the period. Boston Trust Walden Corp increased its stake in ExlService by 19.4% in the fourth quarter. Boston Trust Walden Corp now owns 3,725,199 shares of the business services provider’s stock valued at $114,922,000 after acquiring an additional 606,215 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in ExlService by 398.8% during the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 386,000 shares of the business services provider’s stock valued at $10,823,000 after buying an additional 308,618 shares during the period. Vanguard Group Inc. raised its stake in shares of ExlService by 402.9% during the third quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider’s stock valued at $472,045,000 after acquiring an additional 13,487,495 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its stake in ExlService by 422.5% in the third quarter. DekaBank Deutsche Girozentrale now owns 57,775 shares of the business services provider’s stock worth $1,627,000 after buying an additional 46,717 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. StockNews.com cut shares of ExlService from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Needham & Company LLC restated a “buy” rating and set a $40.00 price target on shares of ExlService in a report on Friday, May 3rd. TD Cowen upped their target price on ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Wedbush upgraded shares of ExlService from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $34.00 to $40.00 in a report on Wednesday. Finally, Citigroup reduced their target price on shares of ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.00.

ExlService Stock Performance

Shares of EXLS traded down $0.27 during mid-day trading on Thursday, reaching $30.54. 848,668 shares of the company’s stock were exchanged, compared to its average volume of 983,766. ExlService Holdings, Inc. has a 52-week low of $25.17 and a 52-week high of $33.40. The business’s fifty day simple moving average is $30.56 and its 200-day simple moving average is $29.89. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 2.54. The stock has a market capitalization of $4.96 billion, a PE ratio of 28.35, a price-to-earnings-growth ratio of 1.55 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last announced its earnings results on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). ExlService had a return on equity of 23.13% and a net margin of 10.92%. The firm had revenue of $414.06 million for the quarter, compared to analyst estimates of $408.56 million. On average, equities research analysts expect that ExlService Holdings, Inc. will post 1.3 earnings per share for the current year.

Insider Activity at ExlService

In related news, EVP Ajay Ayyappan sold 9,259 shares of the company’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the completion of the transaction, the executive vice president now directly owns 50,693 shares in the company, valued at approximately $1,601,391.87. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other ExlService news, EVP Vikas Bhalla sold 23,760 shares of ExlService stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total value of $748,677.60. Following the sale, the executive vice president now directly owns 127,046 shares in the company, valued at approximately $4,003,219.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ajay Ayyappan sold 9,259 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the completion of the sale, the executive vice president now directly owns 50,693 shares in the company, valued at $1,601,391.87. The disclosure for this sale can be found here. 3.75% of the stock is owned by insiders.

ExlService 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.