Summit Creek Advisors LLC Has $20.06 Million Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Key Points

• Summit Creek Advisors LLC has reduced its position in ExlService Holdings by 13.4%, owning 424,839 shares after selling 65,960 shares in the first quarter.
• ExlService has seen significant institutional investment changes, with Vanguard Group increasing its holdings by 1.4% and FMR LLC boosting its stake by 39.4% during the previous quarter.
• ExlService reported $0.48 earnings per share for the last quarter, exceeding the consensus estimate by $0.03, with revenues rising 14.8% year-over-year.

Summit Creek Advisors LLC lessened its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 13.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 424,839 shares of the business services provider's stock after selling 65,960 shares during the period. ExlService makes up approximately 2.9% of Summit Creek Advisors LLC's portfolio, making the stock its 7th biggest holding. Summit Creek Advisors LLC owned 0.26% of ExlService worth $20,057,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXLS. Whittier Trust Co. bought a new stake in shares of ExlService in the 1st quarter worth approximately $45,000. Morse Asset Management Inc bought a new stake in shares of ExlService in the fourth quarter valued at $49,000. Johnson Financial Group Inc. purchased a new position in shares of ExlService during the 4th quarter valued at $85,000. Fifth Third Bancorp grew its stake in shares of ExlService by 35.2% during the 1st quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider's stock worth $101,000 after acquiring an additional 555 shares during the period. Finally, Exchange Traded Concepts LLC bought a new stake in ExlService in the 1st quarter valued at about $102,000. Hedge funds and other institutional investors own 92.92% of the company's stock.

Insider Activity

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

ExlService Price Performance

Shares of EXLS stock traded up $0.29 during trading hours on Thursday, reaching $43.08. The stock had a trading volume of 1,553,005 shares, compared to its average volume of 1,641,906. The stock's fifty day simple moving average is $44.94 and its 200 day simple moving average is $46.43. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $7.01 billion, a PE ratio of 29.90, a PEG ratio of 1.93 and a beta of 0.80. ExlService Holdings, Inc. has a 12 month low of $31.87 and a 12 month high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The business services provider reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.45 by $0.04. ExlService had a net margin of 12.00% and a return on equity of 26.12%. The firm had revenue of $514.46 million during the quarter, compared to analyst estimates of $504.87 million. During the same period in the previous year, the business earned $0.40 EPS. The business's revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities research analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on EXLS. JPMorgan Chase & Co. increased their target price on shares of 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 shares of ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $55.00 price objective on shares of ExlService in a report on Tuesday, June 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $51.50.

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.