ExlService Holdings, Inc. (NASDAQ:EXLS) Position Lifted by Geneva Capital Management LLC

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 boosted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 0.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,655,565 shares of the business services provider's stock after acquiring an additional 18,647 shares during the period. ExlService accounts for about 4.1% of Geneva Capital Management LLC's holdings, 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 filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Strategic Investment Solutions Inc. IL acquired a new position in ExlService in the 1st quarter valued at about $77,000. Natixis Advisors LLC increased its position in ExlService by 29.4% in the 1st quarter. Natixis Advisors LLC now owns 69,562 shares of the business services provider's stock valued at $3,284,000 after acquiring an additional 15,804 shares during the period. Tredje AP fonden increased its position in ExlService by 90.5% during the 1st quarter. Tredje AP fonden now owns 400,000 shares of the business services provider's stock worth $18,884,000 after purchasing an additional 190,000 shares during the period. Bayforest Capital Ltd increased its position in ExlService by 227.9% during the 1st quarter. Bayforest Capital Ltd now owns 5,197 shares of the business services provider's stock worth $245,000 after purchasing an additional 3,612 shares during the period. Finally, Vestcor Inc acquired a new position in ExlService during the 1st quarter worth approximately $106,000. Institutional investors and hedge funds own 92.92% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on EXLS. JPMorgan Chase & Co. boosted their target price on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $55.00 target price on shares of ExlService in a research report on Tuesday, June 3rd. One investment analyst has rated the stock with a hold rating and six have issued 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 $51.50.

ExlService Price Performance

Shares of NASDAQ:EXLS traded up $0.22 during trading on Friday, hitting $42.28. 464,584 shares of the stock were exchanged, compared to its average volume of 1,644,697. The company has a fifty day moving average price of $44.47 and a two-hundred day moving average price of $46.24. The company has a market cap of $6.83 billion, a PE ratio of 29.40, a P/E/G ratio of 1.89 and a beta of 0.81. The company has a current ratio of 3.15, a quick ratio of 3.15 and a debt-to-equity ratio of 0.24. ExlService Holdings, Inc. has a 12-month low of $33.96 and a 12-month high of $52.43.

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

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.