Fenimore Asset Management Inc Trims Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Fenimore Asset Management Inc lessened its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,774,766 shares of the business services provider’s stock after selling 15,486 shares during the quarter. ExlService makes up 2.6% of Fenimore Asset Management Inc’s holdings, making the stock its 14th largest holding. Fenimore Asset Management Inc’s holdings in ExlService were worth $123,144,000 as of its most recent SEC filing.

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

ExlService Stock Performance

EXLS opened at $49.14 on Friday. The firm’s 50-day moving average price is $45.90 and its 200-day moving average price is $40.34. The company has a market cap of $7.91 billion, a P/E ratio of 43.11, a price-to-earnings-growth ratio of 2.08 and a beta of 1.02. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 52-week low of $28.16 and a 52-week high of $50.11.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings data on Tuesday, October 29th. The business services provider reported $0.44 EPS for the quarter, topping the consensus estimate of $0.41 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $472.07 million during the quarter, compared to the consensus estimate of $460.73 million. During the same period in the previous year, the firm posted $0.30 earnings per share. The business’s revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

EXLS has been the subject of a number of recent research reports. Citigroup boosted their price objective on shares of ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Robert W. Baird upped their price objective on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Jefferies Financial Group lifted their target price on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, 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. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $45.00.

Insider Activity

In related news, CEO Rohit Kapoor sold 100,000 shares of the business’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of $42.07, for a total transaction of $4,207,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,190,240 shares in the company, valued at $50,073,396.80. The trade was a 7.75 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Vikas Bhalla sold 22,813 shares of the stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $41.86, for a total value of $954,952.18. Following the sale, the insider now directly owns 102,825 shares in the company, valued at $4,304,254.50. This represents a 18.16 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 426,458 shares of company stock valued at $18,720,514. Company insiders own 4.16% of the company’s stock.

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.