Summit Creek Advisors LLC Has $17.56 Million Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Summit Creek Advisors LLC lessened its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 6.5% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 559,891 shares of the business services provider’s stock after selling 38,816 shares during the period. ExlService comprises approximately 2.4% of Summit Creek Advisors LLC’s portfolio, making the stock its 16th biggest position. Summit Creek Advisors LLC owned about 0.33% of ExlService worth $17,558,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of EXLS. Norges Bank acquired a new stake in shares of ExlService in the fourth quarter worth $79,930,000. Goldman Sachs Group Inc. boosted 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 worth $51,469,000 after buying an additional 905,144 shares during the period. Intrinsic Edge Capital Management LLC acquired a new stake in shares of ExlService in the fourth quarter worth $20,936,000. Silvercrest Asset Management Group LLC purchased a new stake in shares of ExlService during the first quarter worth $19,417,000. Finally, Geneva Capital Management LLC raised its holdings in ExlService by 8.7% during the first quarter. Geneva Capital Management LLC now owns 4,585,428 shares of the business services provider’s stock valued at $145,817,000 after buying an additional 365,776 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Transactions at ExlService

In other news, EVP Narasimha Kini sold 8,435 shares of ExlService stock in a transaction on Friday, July 12th. The shares were sold at an average price of $33.00, for a total transaction of $278,355.00. Following the transaction, the executive vice president now owns 179,038 shares in the company, valued at $5,908,254. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Narasimha Kini sold 8,435 shares of the business’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $33.00, for a total transaction of $278,355.00. Following the completion of the sale, the executive vice president now directly owns 179,038 shares of the company’s stock, valued at $5,908,254. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Rohit Kapoor sold 35,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $36.18, for a total transaction of $1,266,300.00. Following the completion of the sale, the chief executive officer now directly owns 1,424,588 shares of the company’s stock, valued at $51,541,593.84. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,625 shares of company stock worth $5,685,581. Company insiders own 3.75% of the company’s stock.

Analyst Ratings Changes

EXLS has been the topic of a number of recent analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research note on Friday, August 2nd. Citigroup lifted their target price on shares of ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, July 12th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, ExlService currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.60.

ExlService Stock Down 0.1 %

Shares of EXLS stock opened at $35.65 on Friday. The stock has a market cap of $5.97 billion, a price-to-earnings ratio of 33.05, a PEG ratio of 1.92 and a beta of 1.00. The company has a debt-to-equity ratio of 0.30, a quick ratio of 2.45 and a current ratio of 2.45. ExlService Holdings, Inc. has a 52-week low of $25.17 and a 52-week high of $36.88. The firm’s 50-day moving average is $34.23 and its 200-day moving average is $31.70.

ExlService (NASDAQ:EXLS) last announced its earnings results on Thursday, August 1st. The business services provider reported $0.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.01. The firm had revenue of $448.40 million for the quarter, compared to analyst estimates of $444.61 million. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The business’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.31 EPS. Sell-side analysts predict that ExlService Holdings, Inc. will post 1.28 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.