ExlService Holdings, Inc. (NASDAQ:EXLS) Stake Cut by Summit Creek Advisors LLC

Summit Creek Advisors LLC lessened its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 13.4% in the 1st quarter, HoldingsChannel.com reports. The firm owned 424,839 shares of the business services provider’s stock after selling 65,960 shares during the quarter. ExlService comprises approximately 2.9% of Summit Creek Advisors LLC’s portfolio, making the stock its 7th biggest position. Summit Creek Advisors LLC’s holdings in ExlService were worth $20,057,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in EXLS. First National Advisers LLC acquired a new position in shares of ExlService during the first quarter valued at about $663,000. LPL Financial LLC grew its position in ExlService by 9.3% during the 1st quarter. LPL Financial LLC now owns 186,309 shares of the business services provider’s stock worth $8,423,000 after purchasing an additional 15,793 shares during the last quarter. Inspire Advisors LLC purchased a new stake in ExlService during the 1st quarter worth approximately $1,065,000. Assetmark Inc. increased its stake in ExlService by 3.1% during the 1st quarter. Assetmark Inc. now owns 27,434 shares of the business services provider’s stock valued at $1,295,000 after purchasing an additional 827 shares in the last quarter. Finally, Cetera Investment Advisers raised its holdings in shares of ExlService by 12.0% in the first quarter. Cetera Investment Advisers now owns 22,335 shares of the business services provider’s stock worth $1,054,000 after buying an additional 2,392 shares during the last quarter. Hedge funds and other institutional investors own 92.92% of the company’s stock.

ExlService Stock Up 1.1%

NASDAQ:EXLS opened at $42.86 on Monday. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.41 and a quick ratio of 3.41. The company’s fifty day moving average price is $45.10 and its 200-day moving average price is $46.48. ExlService Holdings, Inc. has a 1-year low of $31.87 and a 1-year high of $52.43. The firm has a market capitalization of $6.97 billion, a P/E ratio of 32.47, a PEG ratio of 1.96 and a beta of 0.80.

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

Insider Transactions at ExlService

In other ExlService news, Director Jaynie M. Studenmund sold 14,580 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was 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 accessible through this link. Also, insider Vikas Bhalla sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, 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. 4.04% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on EXLS shares. 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. Wall Street Zen raised ExlService from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. boosted 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. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, ExlService currently has an average rating of “Moderate Buy” and a consensus target price of $51.50.

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.