GHP Investment Advisors Inc. Buys 6,928 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

GHP Investment Advisors Inc. increased its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 3.7% during the fourth quarter, HoldingsChannel reports. The fund owned 193,084 shares of the business services provider’s stock after buying an additional 6,928 shares during the period. GHP Investment Advisors Inc.’s holdings in ExlService were worth $8,569,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in EXLS. Algert Global LLC raised its holdings in shares of ExlService by 18.0% in the third quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock valued at $5,740,000 after purchasing an additional 22,970 shares during the last quarter. Quest Partners LLC grew its position in ExlService by 196.8% in the third quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock valued at $2,671,000 after purchasing an additional 46,422 shares in the last quarter. Eagle Asset Management Inc. increased its stake in ExlService by 4.3% in the 3rd quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock valued at $27,163,000 after buying an additional 29,510 shares during the last quarter. Assetmark Inc. lifted its position in ExlService by 107,991.3% during the 3rd quarter. Assetmark Inc. now owns 24,861 shares of the business services provider’s stock worth $948,000 after buying an additional 24,838 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of ExlService during the 3rd quarter worth about $1,543,000. 92.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXLS has been the topic of a number of recent research reports. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research report on Sunday. Jefferies Financial Group lifted their price target on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Needham & Company LLC lifted their price objective on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Robert W. Baird increased their price objective on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. Finally, Citigroup lifted their target price on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a report on Monday, October 14th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $45.00.

ExlService Price Performance

Shares of NASDAQ EXLS opened at $51.72 on Thursday. The business has a fifty day moving average price of $46.67 and a two-hundred day moving average price of $41.36. The stock has a market capitalization of $8.32 billion, a PE ratio of 45.37, a P/E/G ratio of 2.10 and a beta of 1.03. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $51.84.

Insider Activity at ExlService

In related news, CEO Rohit Kapoor sold 100,000 shares of the company’s stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $46.87, for a total transaction of $4,687,000.00. Following the completion of the sale, the chief executive officer now directly owns 689,645 shares in the company, valued at $32,323,661.15. This represents a 12.66 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the transaction, the chief financial officer now owns 194,440 shares in the company, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 217,398 shares of company stock valued at $10,089,385 over the last quarter. 4.16% of the stock is owned by corporate insiders.

ExlService 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.