Summitry LLC Has $408,000 Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Summitry LLC grew its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 26.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,194 shares of the business services provider’s stock after acquiring an additional 1,929 shares during the quarter. Summitry LLC’s holdings in ExlService were worth $408,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Pathstone Holdings LLC lifted its position in ExlService by 0.8% during the 3rd quarter. Pathstone Holdings LLC now owns 49,950 shares of the business services provider’s stock worth $1,906,000 after buying an additional 405 shares in the last quarter. Intech Investment Management LLC bought a new stake in ExlService during the third quarter worth about $1,194,000. Charles Schwab Investment Management Inc. boosted its position in ExlService by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider’s stock valued at $82,448,000 after purchasing an additional 9,775 shares during the last quarter. Loomis Sayles & Co. L P bought a new position in ExlService in the third quarter valued at approximately $17,198,000. Finally, Advantage Alpha Capital Partners LP acquired a new position in shares of ExlService during the 3rd quarter worth approximately $3,791,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Stock Performance

NASDAQ:EXLS opened at $47.20 on Wednesday. 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 Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $52.43. The company has a 50 day simple moving average of $48.72 and a two-hundred day simple moving average of $44.60. The company has a market capitalization of $7.66 billion, a PE ratio of 41.40, a P/E/G ratio of 2.11 and a beta of 1.10.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. Research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the transaction, the chief financial officer now owns 194,440 shares of the company’s stock, valued at $9,554,781.60. This represents a 6.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Anita Mahon sold 10,558 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the sale, the executive vice president now directly owns 94,443 shares of the company’s stock, valued at $4,336,822.56. The trade was a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,351 shares of company stock worth $2,337,284. Corporate insiders own 4.16% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on EXLS shares. Stifel Nicolaus upped their price target on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Needham & Company LLC upped their target price on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 27th. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Finally, Jefferies Financial Group upped their price objective on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.38.

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.