ExlService Holdings, Inc. (NASDAQ:EXLS) is West Tower Group LLC’s 10th Largest Position

West Tower Group LLC trimmed its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 21.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 24,500 shares of the business services provider’s stock after selling 6,500 shares during the period. ExlService comprises approximately 2.4% of West Tower Group LLC’s portfolio, making the stock its 10th largest position. West Tower Group LLC’s holdings in ExlService were worth $1,087,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Mather Group LLC. purchased a new stake in shares of ExlService during the fourth quarter worth about $25,000. Kestra Investment Management LLC purchased a new stake in shares of ExlService during the fourth quarter worth about $26,000. Huntington National Bank boosted its holdings in shares of ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock worth $45,000 after purchasing an additional 1,131 shares during the period. USA Financial Formulas bought a new position in ExlService in the fourth quarter worth about $58,000. Finally, VisionPoint Advisory Group LLC bought a new position in ExlService in the fourth quarter worth about $58,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at ExlService

In related news, EVP Anita Mahon sold 10,558 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the sale, the executive vice president now owns 94,443 shares of the company’s stock, valued at $4,336,822.56. This trade represents a 10.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay Ayyappan sold 16,186 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the sale, the executive vice president now owns 40,986 shares in the company, valued at $2,110,779. This represents a 28.31 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 47,351 shares of company stock valued at $2,337,284 over the last 90 days. Corporate insiders own 4.16% of the company’s stock.

ExlService Price Performance

Shares of NASDAQ EXLS opened at $46.64 on Wednesday. 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 $48.60 and a two-hundred day simple moving average of $44.22. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 40.91, a P/E/G ratio of 2.11 and a beta of 1.10. 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 (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). The firm had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. Analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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