Geneva Capital Management LLC Grows Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Key Points

• Geneva Capital Management LLC increased its stake in ExlService Holdings by 0.4%, now owning approximately 4.1% of its investment portfolio, making it the firm's largest holding.
• ExlService has recently received multiple buy ratings from brokerages, with a consensus target price of $51.50 and six analysts rating it as a buy.
• In its last earnings report, ExlService surpassed analysts' estimates with an EPS of $0.49 and a revenue of $514.46 million, reflecting a 14.7% year-over-year growth.

Geneva Capital Management LLC grew its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 0.4% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 4,655,565 shares of the business services provider's stock after purchasing an additional 18,647 shares during the period. ExlService accounts for 4.1% of Geneva Capital Management LLC's portfolio, making the stock its biggest position. Geneva Capital Management LLC owned approximately 2.86% of ExlService worth $219,789,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Balboa Wealth Partners increased its stake in ExlService by 5.0% in the 1st quarter. Balboa Wealth Partners now owns 5,140 shares of the business services provider's stock worth $243,000 after purchasing an additional 244 shares in the last quarter. Xponance Inc. raised its stake in ExlService by 1.2% during the 1st quarter. Xponance Inc. now owns 23,630 shares of the business services provider's stock valued at $1,116,000 after purchasing an additional 270 shares during the period. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of ExlService by 1.9% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 15,112 shares of the business services provider's stock valued at $713,000 after purchasing an additional 286 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of ExlService by 1.0% in the first quarter. State of Michigan Retirement System now owns 38,500 shares of the business services provider's stock worth $1,818,000 after buying an additional 400 shares during the period. Finally, Louisiana State Employees Retirement System raised its position in ExlService by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 45,100 shares of the business services provider's stock valued at $2,129,000 after buying an additional 400 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Stock Performance

Shares of NASDAQ:EXLS traded up $0.29 during trading on Wednesday, hitting $42.76. 1,773,849 shares of the stock were exchanged, compared to its average volume of 2,011,396. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 29.69, a price-to-earnings-growth ratio of 1.88 and a beta of 0.81. The company's fifty day simple moving average is $44.62 and its 200-day simple moving average is $46.29. ExlService Holdings, Inc. has a 1-year low of $33.85 and a 1-year high of $52.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.15 and a current ratio of 3.15.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. ExlService had a net margin of 12.00% and a return on equity of 25.38%. The firm had revenue of $514.46 million for the quarter, compared to analyst estimates of $504.87 million. During the same period in the previous year, the business earned $0.40 earnings per share. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. Sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Transactions at ExlService

In related news, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction on Thursday, May 8th. The stock was sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the completion of the sale, the insider directly owned 135,046 shares of the company's stock, valued at $6,226,971.06. The trade was a 15.62% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 4.04% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 target price on shares of ExlService in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. upped their price target on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $51.50.

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.