Fenimore Asset Management Inc Sells 15,486 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Fenimore Asset Management Inc decreased its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,774,766 shares of the business services provider’s stock after selling 15,486 shares during the quarter. ExlService makes up 2.6% of Fenimore Asset Management Inc’s portfolio, making the stock its 14th biggest holding. Fenimore Asset Management Inc owned 1.72% of ExlService worth $123,144,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mercer Global Advisors Inc. ADV boosted its holdings in shares of ExlService by 3.4% in 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 last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of ExlService by 6.1% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,644 shares of the business services provider’s stock worth $428,000 after acquiring an additional 783 shares during the last quarter. Mackenzie Financial Corp grew its position in shares of ExlService by 3.2% during the 2nd quarter. Mackenzie Financial Corp now owns 7,616,982 shares of the business services provider’s stock valued at $238,869,000 after acquiring an additional 233,108 shares during the period. Susquehanna Fundamental Investments LLC increased its stake in shares of ExlService by 56.0% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 220,776 shares of the business services provider’s stock worth $6,924,000 after purchasing an additional 79,231 shares in the last quarter. Finally, Algert Global LLC raised its holdings in ExlService by 15.1% in the 2nd quarter. Algert Global LLC now owns 127,490 shares of the business services provider’s stock worth $3,998,000 after purchasing an additional 16,695 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on EXLS shares. StockNews.com cut ExlService from a “buy” rating to a “hold” rating in a research report on Saturday. Citigroup raised their target price on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Jefferies Financial Group upped their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday. Needham & Company LLC raised their price objective 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. Finally, Robert W. Baird upped their target price on shares of ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. Two equities research 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 a consensus rating of “Moderate Buy” and an average target price of $45.00.

ExlService Stock Performance

Shares of NASDAQ EXLS opened at $49.14 on Friday. The firm’s fifty day moving average is $45.90 and its two-hundred day moving average is $40.34. ExlService Holdings, Inc. has a 52-week low of $28.16 and a 52-week high of $50.11. The company has a market cap of $7.91 billion, a P/E ratio of 43.11, a P/E/G ratio of 2.08 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 earnings results on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. The company had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.30 earnings per share. As a group, analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Activity

In other news, Director Jaynie M. Studenmund sold 3,645 shares of ExlService stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total value of $160,562.25. Following the completion of the transaction, the director now owns 14,580 shares in the company, valued at approximately $642,249. The trade was a 20.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 100,000 shares of the stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $46.87, for a total value of $4,687,000.00. Following the sale, the chief executive officer now owns 689,645 shares in the company, valued at $32,323,661.15. The trade was a 12.66 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 426,458 shares of company stock worth $18,720,514. 4.16% of the stock is currently owned by insiders.

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.