Sheets Smith Wealth Management Grows Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Sheets Smith Wealth Management lifted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 19.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,616 shares of the business services provider’s stock after buying an additional 4,744 shares during the period. Sheets Smith Wealth Management’s holdings in ExlService were worth $1,314,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Mackenzie Financial Corp raised its position in ExlService by 3.2% during the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock worth $238,869,000 after buying an additional 233,108 shares during the last quarter. State Street Corp increased its holdings in ExlService by 1.0% in the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock worth $222,693,000 after acquiring an additional 59,196 shares in the last quarter. Geneva Capital Management LLC boosted its holdings in ExlService by 1.9% in the 3rd quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider’s stock worth $179,092,000 after buying an additional 87,592 shares during the last quarter. Geode Capital Management LLC boosted its stake in ExlService by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock worth $165,083,000 after purchasing an additional 149,856 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of ExlService by 2.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,468,039 shares of the business services provider’s stock worth $108,756,000 after purchasing an additional 88,759 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at ExlService

In other news, CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Vikas Bhalla sold 22,813 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $41.86, for a total transaction of $954,952.18. Following the completion of the sale, the insider now owns 102,825 shares in the company, valued at $4,304,254.50. This represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 426,458 shares of company stock worth $18,720,514 over the last three months. 4.16% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on EXLS shares. Needham & Company LLC lifted their price target on shares of ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird increased their price target on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research report on Thursday, October 31st. Jefferies Financial Group increased their target price on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday. Citigroup upped their price objective on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, October 14th. Finally, StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, ExlService presently has an average rating of “Moderate Buy” and an average price target of $45.00.

ExlService Trading Up 5.5 %

NASDAQ:EXLS opened at $49.73 on Wednesday. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $50.11. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock’s 50 day simple moving average is $45.67 and its 200-day simple moving average is $40.09. The firm has a market cap of $8.00 billion, a P/E ratio of 43.62, a PEG ratio of 1.97 and a beta of 1.02.

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

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.