Smith Group Asset Management LLC Has $20.46 Million Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Smith Group Asset Management LLC raised its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 2.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 433,354 shares of the business services provider's stock after acquiring an additional 10,747 shares during the quarter. Smith Group Asset Management LLC owned about 0.27% of ExlService worth $20,459,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Morse Asset Management Inc bought a new stake in shares of ExlService during the fourth quarter valued at approximately $49,000. Johnson Financial Group Inc. acquired a new position in ExlService during the 4th quarter worth $85,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in ExlService in the 4th quarter valued at $99,000. Huntington National Bank boosted its position in ExlService by 94.9% in the 4th quarter. Huntington National Bank now owns 2,282 shares of the business services provider's stock valued at $101,000 after buying an additional 1,111 shares during the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of ExlService by 35.2% in the 1st quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock valued at $101,000 after buying an additional 555 shares during the period. 92.92% of the stock is owned by institutional investors.

Insider Buying and Selling

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 transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Vikas Bhalla sold 25,000 shares of the business's 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 transaction, the insider directly owned 135,046 shares of the company's stock, valued at $6,226,971.06. This trade represents a 15.62% decrease in their position. The disclosure for this sale can be found here. 4.04% of the stock is currently owned by insiders.

ExlService Trading Up 1.4%

Shares of NASDAQ:EXLS traded up $0.61 during midday trading on Friday, hitting $45.26. The company had a trading volume of 1,793,909 shares, compared to its average volume of 1,226,282. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.30. ExlService Holdings, Inc. has a 12 month low of $31.02 and a 12 month high of $52.43. The firm has a fifty day simple moving average of $45.99 and a 200 day simple moving average of $46.60. The stock has a market cap of $7.36 billion, a price-to-earnings ratio of 34.29, a PEG ratio of 2.07 and a beta of 0.80.

ExlService (NASDAQ:EXLS - Get Free Report) last released its earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. The firm had revenue of $501.02 million for the quarter, compared to analyst estimates of $489.66 million. ExlService had a return on equity of 25.11% and a net margin of 11.36%. The company's quarterly revenue was up 14.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.38 earnings per share. On average, analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Needham & Company LLC reissued a "buy" rating and set a $55.00 price objective on shares of ExlService in a report on Tuesday, June 3rd. Finally, Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Friday, May 9th. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, ExlService has a consensus rating of "Moderate Buy" and a consensus target price 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.