AMI Asset Management Corp Has $4.78 Million Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

AMI Asset Management Corp raised its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 8.7% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 150,180 shares of the business services provider’s stock after acquiring an additional 12,066 shares during the period. AMI Asset Management Corp owned approximately 0.09% of ExlService worth $4,776,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Azzad Asset Management Inc. ADV boosted its position in shares of ExlService by 1.9% during the first quarter. Azzad Asset Management Inc. ADV now owns 21,747 shares of the business services provider’s stock valued at $692,000 after buying an additional 405 shares during the last quarter. State of Michigan Retirement System boosted its position in shares of ExlService by 2.3% during the first quarter. State of Michigan Retirement System now owns 40,500 shares of the business services provider’s stock valued at $1,288,000 after buying an additional 900 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of ExlService by 24.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 70,296 shares of the business services provider’s stock valued at $2,235,000 after buying an additional 13,742 shares during the last quarter. Compass Ion Advisors LLC boosted its position in shares of ExlService by 20.5% during the first quarter. Compass Ion Advisors LLC now owns 26,163 shares of the business services provider’s stock valued at $832,000 after buying an additional 4,450 shares during the last quarter. Finally, Bridge City Capital LLC boosted its position in shares of ExlService by 0.8% during the first quarter. Bridge City Capital LLC now owns 107,129 shares of the business services provider’s stock valued at $3,407,000 after buying an additional 837 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Activity

In other news, CFO Maurizio Nicolelli sold 12,000 shares of ExlService stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $30.66, for a total value of $367,920.00. Following the completion of the transaction, the chief financial officer now directly owns 138,985 shares in the company, valued at $4,261,280.10. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Vivek Jetley sold 4,000 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total transaction of $121,120.00. Following the completion of the transaction, the insider now directly owns 333,847 shares in the company, valued at $10,108,887.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Maurizio Nicolelli sold 12,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $30.66, for a total value of $367,920.00. Following the transaction, the chief financial officer now owns 138,985 shares of the company’s stock, valued at $4,261,280.10. The disclosure for this sale can be found here. Over the last three months, insiders sold 112,837 shares of company stock worth $3,469,418. 3.75% of the stock is owned by corporate insiders.

ExlService Stock Performance

Shares of EXLS traded down $0.04 during mid-day trading on Thursday, hitting $31.40. The stock had a trading volume of 335,022 shares, compared to its average volume of 1,107,166. The firm has a market cap of $5.26 billion, a P/E ratio of 29.02, a PEG ratio of 1.67 and a beta of 1.00. ExlService Holdings, Inc. has a 52 week low of $25.17 and a 52 week high of $33.40. 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 business has a fifty day moving average price of $30.09 and a 200-day moving average price of $30.59.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.01. The company had revenue of $436.51 million during the quarter, compared to analysts’ expectations of $424.81 million. ExlService had a return on equity of 23.13% and a net margin of 10.92%. On average, equities research analysts expect that ExlService Holdings, Inc. will post 1.28 EPS for the current year.

Wall Street Analyst Weigh In

EXLS has been the topic of several analyst reports. TD Cowen lifted their target price on ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Wedbush upgraded ExlService from a “neutral” rating to an “outperform” rating and lifted their price target for the stock from $34.00 to $40.00 in a report on Wednesday, May 8th. Needham & Company LLC reiterated a “buy” rating and set a $40.00 price target on shares of ExlService in a report on Friday, May 3rd. Finally, Citigroup dropped their price target on ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $37.00.

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.