Silvercrest Asset Management Group LLC Reduces Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Silvercrest Asset Management Group LLC trimmed its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 330,873 shares of the business services provider's stock after selling 8,680 shares during the quarter. Silvercrest Asset Management Group LLC owned about 0.21% of ExlService worth $14,684,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in EXLS. Mather Group LLC. bought a new stake in shares of ExlService during the 4th quarter valued at about $25,000. Kestra Investment Management LLC purchased a new stake in ExlService in the fourth quarter valued at approximately $26,000. Morse Asset Management Inc bought a new stake in ExlService during the fourth quarter valued at approximately $49,000. VisionPoint Advisory Group LLC purchased a new position in ExlService in the 4th quarter worth approximately $58,000. Finally, UMB Bank n.a. grew its stake in ExlService by 17.6% in the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock worth $85,000 after buying an additional 288 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on EXLS. Needham & Company LLC lifted their price objective on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Wall Street Zen raised ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. upped their price objective on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Stifel Nicolaus increased their price objective on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.33.

ExlService Trading Down 1.1%

NASDAQ:EXLS traded down $0.52 during trading hours on Friday, reaching $45.34. The company's stock had a trading volume of 155,643 shares, compared to its average volume of 1,037,336. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 39.81, a PEG ratio of 2.11 and a beta of 0.86. The firm has a 50-day simple moving average of $45.66 and a 200-day simple moving average of $46.60. ExlService Holdings, Inc. has a 1 year low of $28.59 and a 1 year high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 EPS for the quarter, topping the consensus estimate of $0.45 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm had revenue of $501.02 million for the quarter, compared to the consensus estimate of $489.66 million. During the same quarter in the previous year, the business earned $0.38 earnings per share. The company's quarterly revenue was up 14.8% on a year-over-year basis. Research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jaynie M. Studenmund sold 14,580 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $47.53, for a total transaction of $692,987.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ajay Ayyappan sold 1,865 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $48.32, for a total transaction of $90,116.80. Following the sale, the executive vice president now directly owns 40,986 shares of the company's stock, valued at $1,980,443.52. The trade was a 4.35% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 52,003 shares of company stock valued at $2,420,678 in the last ninety days. Company insiders own 4.04% of the company's stock.

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.