Sheets Smith Wealth Management Boosts Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Sheets Smith Wealth Management increased its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,616 shares of the business services provider’s stock after acquiring an additional 4,744 shares during the quarter. Sheets Smith Wealth Management’s holdings in ExlService were worth $1,314,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. raised its stake in shares of ExlService by 2.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 493,621 shares of the business services provider’s stock valued at $15,480,000 after purchasing an additional 11,924 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in ExlService by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 3,468,039 shares of the business services provider’s stock valued at $108,756,000 after buying an additional 88,759 shares during the last quarter. Renaissance Technologies LLC raised its stake in ExlService by 317.0% during the second quarter. Renaissance Technologies LLC now owns 255,200 shares of the business services provider’s stock valued at $8,003,000 after buying an additional 194,000 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of ExlService by 3.4% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 8,897 shares of the business services provider’s stock worth $279,000 after acquiring an additional 291 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in shares of ExlService by 6.1% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 13,644 shares of the business services provider’s stock worth $428,000 after acquiring an additional 783 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $49.73 on Wednesday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The firm’s 50 day moving average is $45.67 and its two-hundred day moving average is $40.09. The firm has a market capitalization of $8.00 billion, a P/E ratio of 43.62, a PEG ratio of 1.97 and a beta of 1.02. ExlService Holdings, Inc. has a 52 week low of $28.16 and a 52 week high of $50.11.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, October 29th. The business services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. The firm had revenue of $472.07 million for the quarter, compared to the consensus estimate of $460.73 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.30 EPS. Analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Activity

In other news, insider Vikas Bhalla sold 22,813 shares of the company’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $41.86, for a total transaction of $954,952.18. Following the completion of the sale, the insider now owns 102,825 shares in the company, valued at approximately $4,304,254.50. This represents a 18.16 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Jaynie M. Studenmund sold 3,645 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the transaction, the director now owns 14,580 shares in the company, valued at $642,249. The trade was a 20.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 426,458 shares of company stock worth $18,720,514 over the last quarter. Corporate insiders own 4.16% of the company’s stock.

Wall Street Analyst Weigh In

EXLS has been the topic of several research analyst reports. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research note on Friday, January 17th. Robert W. Baird lifted their price target on shares of ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday, October 31st. Needham & Company LLC increased their price objective on shares of ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 31st. Citigroup lifted their target price on ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Finally, Jefferies Financial Group raised their price target on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $45.00.

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.