Geneva Capital Management LLC Sells 57,496 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Geneva Capital Management LLC trimmed its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,636,918 shares of the business services provider’s stock after selling 57,496 shares during the period. ExlService makes up approximately 3.6% of Geneva Capital Management LLC’s investment portfolio, making the stock its 2nd largest position. Geneva Capital Management LLC owned about 2.88% of ExlService worth $205,786,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mather Group LLC. acquired a new stake in ExlService during the fourth quarter worth about $25,000. Kestra Investment Management LLC acquired a new stake in shares of ExlService in the 4th quarter valued at approximately $26,000. Ashton Thomas Securities LLC acquired a new stake in shares of ExlService in the 3rd quarter valued at approximately $27,000. Huntington National Bank boosted its stake in shares of ExlService by 2,827.5% in the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 1,131 shares in the last quarter. Finally, VisionPoint Advisory Group LLC acquired a new stake in shares of ExlService in the 4th quarter valued at approximately $58,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

ExlService Stock Up 1.1 %

NASDAQ:EXLS opened at $47.46 on Thursday. The firm’s 50 day simple moving average is $48.23 and its 200 day simple moving average is $43.48. 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 one year low of $28.16 and a one year high of $52.43. The company has a market cap of $7.70 billion, a PE ratio of 41.63, a P/E/G ratio of 2.11 and a beta of 1.03.

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

Insiders Place Their Bets

In other ExlService news, EVP Ajay Ayyappan sold 1,865 shares of the firm’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $48.32, for a total transaction of $90,116.80. Following the completion of the transaction, the executive vice president now owns 40,986 shares in the company, valued at approximately $1,980,443.52. This trade represents a 4.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was 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 approximately $9,554,781.60. The trade was a 6.61 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 36,793 shares of company stock worth $1,852,461. 4.16% of the stock is currently owned by 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.