Geneva Capital Management LLC Has $205.79 Million Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Geneva Capital Management LLC lowered its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,636,918 shares of the business services provider’s stock after selling 57,496 shares during the quarter. ExlService accounts for approximately 3.6% of Geneva Capital Management LLC’s portfolio, making the stock its 2nd largest position. Geneva Capital Management LLC’s holdings in ExlService were worth $205,786,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Algert Global LLC increased its stake in ExlService by 18.0% during the 3rd quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock valued at $5,740,000 after purchasing an additional 22,970 shares in the last quarter. Quest Partners LLC increased its stake in ExlService by 196.8% during the 3rd quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock valued at $2,671,000 after purchasing an additional 46,422 shares in the last quarter. Eagle Asset Management Inc. increased its stake in ExlService by 4.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock valued at $27,163,000 after purchasing an additional 29,510 shares in the last quarter. Assetmark Inc. increased its stake in ExlService by 107,991.3% during the 3rd quarter. Assetmark Inc. now owns 24,861 shares of the business services provider’s stock valued at $948,000 after purchasing an additional 24,838 shares in the last quarter. Finally, Walleye Capital LLC bought a new stake in ExlService during the 3rd quarter valued at $1,543,000. Institutional investors own 92.92% of the company’s stock.

Insider Buying and Selling

In related news, EVP Ajay Ayyappan sold 16,186 shares of the business’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the transaction, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at approximately $2,110,779. The trade was a 28.31 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the sale, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 36,793 shares of company stock valued at $1,852,461. 4.16% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $47.46 on Thursday. The company’s 50-day moving average is $48.23 and its 200 day moving average is $43.48. 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 capitalization of $7.70 billion, a P/E ratio of 41.63, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $52.43.

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

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.