Neumeier Poma Investment Counsel LLC Has $48.58 Million Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Key Points

• Neumeier Poma Investment Counsel LLC holds $48.58 million in ExlService Holdings, accounting for 5.2% of its investment portfolio, after trimming its stake by 0.9% in the first quarter.
• ExlService reported a 14.7% year-over-year increase in revenue for the recent quarter, amounting to $514.46 million, beating analysts' expectations.
• Several analysts have issued a buy rating for ExlService, with a consensus price target of $51.50, indicating positive sentiment for the stock's future performance.

Neumeier Poma Investment Counsel LLC lowered its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 0.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,029,104 shares of the business services provider's stock after selling 9,290 shares during the quarter. ExlService accounts for about 5.2% of Neumeier Poma Investment Counsel LLC's portfolio, making the stock its biggest holding. Neumeier Poma Investment Counsel LLC owned 0.63% of ExlService worth $48,584,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Whittier Trust Co. bought a new stake in ExlService during the 1st quarter valued at approximately $45,000. Morse Asset Management Inc acquired a new position in shares of ExlService in the fourth quarter valued at approximately $49,000. Strategic Investment Solutions Inc. IL bought a new stake in shares of ExlService in the first quarter valued at approximately $77,000. Johnson Financial Group Inc. acquired a new position in shares of ExlService during the fourth quarter worth $85,000. Finally, Fifth Third Bancorp increased its holdings in ExlService by 35.2% in the first quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock valued at $101,000 after purchasing an additional 555 shares during the period. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

ExlService Stock Down 0.5%

Shares of EXLS traded down $0.21 during trading hours on Monday, reaching $41.99. The company's stock had a trading volume of 574,384 shares, compared to its average volume of 1,642,290. The firm has a market cap of $6.78 billion, a price-to-earnings ratio of 29.16, a P/E/G ratio of 1.86 and a beta of 0.81. The company has a 50 day moving average of $44.39 and a two-hundred day moving average of $46.14. ExlService Holdings, Inc. has a 1-year low of $33.96 and a 1-year high of $52.43. The company has a quick ratio of 3.15, a current ratio of 3.15 and a debt-to-equity ratio of 0.24.

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

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.