Nicolet Advisory Services LLC Boosts Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Nicolet Advisory Services LLC boosted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 86.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 15,795 shares of the business services provider’s stock after purchasing an additional 7,332 shares during the quarter. Nicolet Advisory Services LLC’s holdings in ExlService were worth $489,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. lifted its position in shares of ExlService by 402.9% in 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 in the last quarter. Norges Bank purchased a new stake in shares of ExlService in the fourth quarter valued at $79,930,000. Goldman Sachs Group Inc. lifted its position in shares of ExlService by 118.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,668,368 shares of the business services provider’s stock valued at $51,469,000 after acquiring an additional 905,144 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new stake in shares of ExlService in the fourth quarter valued at $20,936,000. Finally, Boston Trust Walden Corp lifted its position in shares of 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 in the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other ExlService news, CFO Maurizio Nicolelli sold 12,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $30.66, for a total transaction of $367,920.00. Following the completion of the sale, 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 legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Vivek Jetley sold 4,000 shares of the company’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total value of $121,120.00. Following the completion of the sale, the insider now owns 333,847 shares of the company’s stock, valued at $10,108,887.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Maurizio Nicolelli sold 12,000 shares of the company’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 completion of the sale, the chief financial officer now directly owns 138,985 shares of the company’s stock, valued at approximately $4,261,280.10. The disclosure for this sale can be found here. Insiders sold 141,587 shares of company stock worth $4,438,140 over the last three months. 3.75% of the stock is owned by insiders.

ExlService Trading Down 1.3 %

NASDAQ:EXLS traded down $0.46 on Friday, hitting $33.96. 646,389 shares of the stock were exchanged, compared to its average volume of 986,558. The stock has a market cap of $5.69 billion, a PE ratio of 31.39, a PEG ratio of 1.81 and a beta of 1.00. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.35. The stock has a fifty day moving average of $30.80 and a 200-day moving average of $30.77. ExlService Holdings, Inc. has a fifty-two week low of $25.17 and a fifty-two week high of $34.81.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.29 by $0.01. The company had revenue of $436.51 million during the quarter, compared to analyst estimates of $424.81 million. ExlService had a return on equity of 23.13% and a net margin of 10.92%. As a group, equities analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on EXLS shares. TD Cowen upped their price objective on ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Citigroup upped their price objective on ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Wedbush upgraded ExlService from a “neutral” rating to an “outperform” rating and upped their target price for the company from $34.00 to $40.00 in a research note on Wednesday, May 8th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of ExlService in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.33.

About ExlService

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.