ExlService Holdings, Inc. (NASDAQ:EXLS) Position Decreased by West Tower Group LLC

West Tower Group LLC lessened its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 21.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 24,500 shares of the business services provider’s stock after selling 6,500 shares during the quarter. ExlService makes up 2.4% of West Tower Group LLC’s portfolio, making the stock its 10th largest holding. West Tower Group LLC’s holdings in ExlService were worth $1,087,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of EXLS. Mather Group LLC. purchased a new position in shares of ExlService during the 4th quarter worth $25,000. Kestra Investment Management LLC purchased a new position in shares of ExlService during the 4th quarter worth $26,000. Huntington National Bank raised its position in shares of ExlService by 2,827.5% during the 3rd quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after purchasing an additional 1,131 shares during the period. USA Financial Formulas bought a new stake in shares of ExlService during the 4th quarter valued at $58,000. Finally, VisionPoint Advisory Group LLC bought a new stake in shares of ExlService during the 4th quarter valued at $58,000. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Insider Transactions at ExlService

In other news, EVP Anita Mahon sold 10,558 shares of the business’s stock in a transaction dated Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total value of $484,823.36. Following the sale, the executive vice president now directly owns 94,443 shares in the company, valued at $4,336,822.56. The trade was a 10.06 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Ajay Ayyappan sold 16,186 shares of the business’s stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the sale, the executive vice president now owns 40,986 shares in the company, valued at approximately $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,351 shares of company stock worth $2,337,284 in the last three months. Insiders own 4.16% of the company’s stock.

ExlService Stock Performance

Shares of NASDAQ EXLS opened at $46.64 on Wednesday. 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 company has a market cap of $7.57 billion, a P/E ratio of 40.91, a P/E/G ratio of 2.11 and a beta of 1.10. The firm’s fifty day moving average is $48.60 and its two-hundred day moving average is $44.22. ExlService Holdings, Inc. has a 52-week low of $28.16 and a 52-week high of $52.43.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. As a group, analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on EXLS shares. Needham & Company LLC raised their price objective on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Jefferies Financial Group raised their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus raised their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.38.

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.