Granahan Investment Management LLC Has $3.16 Million Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Granahan Investment Management LLC decreased its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 47.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,215 shares of the business services provider's stock after selling 64,007 shares during the period. Granahan Investment Management LLC's holdings in ExlService were worth $3,161,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of EXLS. Barclays PLC boosted its holdings in ExlService by 62.6% during the third quarter. Barclays PLC now owns 446,605 shares of the business services provider's stock worth $17,040,000 after buying an additional 171,912 shares in the last quarter. Tidal Investments LLC purchased a new stake in ExlService in the 3rd quarter worth approximately $216,000. Franklin Resources Inc. lifted its position in ExlService by 4.2% in the 3rd quarter. Franklin Resources Inc. now owns 99,057 shares of the business services provider's stock worth $3,953,000 after buying an additional 4,029 shares in the last quarter. Park Avenue Securities LLC lifted its position in ExlService by 46.9% in the 4th quarter. Park Avenue Securities LLC now owns 8,053 shares of the business services provider's stock worth $357,000 after buying an additional 2,570 shares in the last quarter. Finally, USA Financial Formulas purchased a new stake in ExlService in the 4th quarter worth approximately $58,000. Institutional investors own 92.92% of the company's stock.

Insider Activity at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 4,989 shares of the business's stock in a transaction dated Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total value of $252,942.30. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares of the company's stock, valued at approximately $2,077,990.20. The trade was a 10.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of the business's stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the transaction, the executive vice president now directly owns 94,443 shares of the company's stock, valued at approximately $4,336,822.56. This represents a 10.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 56,992 shares of company stock valued at $2,673,620 in the last ninety days. Insiders own 4.16% of the company's stock.

ExlService Price Performance

Shares of NASDAQ:EXLS traded down $1.22 during midday trading on Wednesday, reaching $45.64. 1,479,563 shares of the company's stock were exchanged, compared to its average volume of 1,034,546. The company's 50 day simple moving average is $45.65 and its two-hundred day simple moving average is $46.38. The firm has a market capitalization of $7.43 billion, a PE ratio of 40.04, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86. ExlService Holdings, Inc. has a 12 month low of $28.59 and a 12 month high of $52.43. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

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 analysts' consensus estimates of $0.45 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $501.02 million during the quarter, compared to the consensus estimate of $489.66 million. During the same period last year, the firm earned $0.38 EPS. The firm's revenue for the quarter was up 14.8% compared to the same quarter last year. Equities research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on EXLS shares. StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. JPMorgan Chase & Co. raised 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. Needham & Company LLC raised their target price on shares of ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Jefferies Financial Group raised their target price on shares of ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus raised their target price on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $52.33.

About ExlService

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.