Smith Group Asset Management LLC Purchases 10,747 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Smith Group Asset Management LLC boosted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 2.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 433,354 shares of the business services provider's stock after purchasing an additional 10,747 shares during the period. Smith Group Asset Management LLC owned about 0.27% of ExlService worth $20,459,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EXLS. Envestnet Portfolio Solutions Inc. increased its holdings in ExlService by 1.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider's stock valued at $633,000 after purchasing an additional 214 shares in the last quarter. Balboa Wealth Partners increased its holdings in ExlService by 5.0% during the 1st quarter. Balboa Wealth Partners now owns 5,140 shares of the business services provider's stock valued at $243,000 after purchasing an additional 244 shares in the last quarter. Kensington Investment Counsel LLC increased its holdings in ExlService by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider's stock valued at $1,740,000 after purchasing an additional 282 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in ExlService by 1.9% during the 1st 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. Finally, Blue Trust Inc. raised its stake in shares of ExlService by 13.7% in the first quarter. Blue Trust Inc. now owns 3,660 shares of the business services provider's stock worth $173,000 after acquiring an additional 442 shares during the last quarter. 92.92% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

ExlService Stock Down 0.1%

ExlService stock opened at $43.79 on Tuesday. The stock has a market capitalization of $7.12 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 2.01 and a beta of 0.83. ExlService Holdings, Inc. has a twelve month low of $30.99 and a twelve month high of $52.43. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.30. The company has a 50 day moving average of $45.93 and a 200-day moving average of $46.64.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its earnings results 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 net margin of 11.36% and a return on equity of 25.11%. The business had revenue of $501.02 million during the quarter, compared to analysts' expectations of $489.66 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The firm's revenue was up 14.8% on a year-over-year basis. On average, equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling at ExlService

In other ExlService news, Director Jaynie M. Studenmund sold 14,580 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $47.53, for a total value of $692,987.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Vikas Bhalla sold 25,000 shares of the stock in a transaction on Thursday, May 8th. The shares were 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 owned 135,046 shares of the company's stock, valued at approximately $6,226,971.06. This represents a 15.62% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 4.04% 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.

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