Creative Planning Has $1.43 Million Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Creative Planning lifted its stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 70.7% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 37,402 shares of the business services provider’s stock after buying an additional 15,489 shares during the period. Creative Planning’s holdings in ExlService were worth $1,427,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Whittier Trust Co. of Nevada Inc. increased its holdings in ExlService by 164.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 924 shares of the business services provider’s stock worth $29,000 after purchasing an additional 574 shares in the last quarter. New Covenant Trust Company N.A. bought a new stake in shares of ExlService during the first quarter worth about $30,000. Fidelis Capital Partners LLC acquired a new position in shares of ExlService in the first quarter valued at approximately $43,000. Headlands Technologies LLC raised its holdings in ExlService by 269.0% in the 1st quarter. Headlands Technologies LLC now owns 1,594 shares of the business services provider’s stock valued at $51,000 after buying an additional 1,162 shares during the last quarter. Finally, UMB Bank n.a. boosted its position in ExlService by 29.7% during the 3rd quarter. UMB Bank n.a. now owns 1,638 shares of the business services provider’s stock worth $62,000 after buying an additional 375 shares during the period. 92.92% of the stock is currently owned by institutional investors.

ExlService Stock Up 0.7 %

Shares of NASDAQ:EXLS opened at $39.02 on Wednesday. ExlService Holdings, Inc. has a 1 year low of $25.34 and a 1 year high of $40.77. The company has a debt-to-equity ratio of 0.30, a current ratio of 2.45 and a quick ratio of 2.45. The business’s 50-day moving average is $37.52 and its 200-day moving average is $33.55. The company has a market capitalization of $6.54 billion, a price-to-earnings ratio of 36.14, a P/E/G ratio of 2.07 and a beta of 1.00.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data on Thursday, August 1st. The business services provider reported $0.40 EPS for the quarter, topping the consensus estimate of $0.39 by $0.01. ExlService had a net margin of 10.45% and a return on equity of 22.92%. The company had revenue of $448.40 million during the quarter, compared to the consensus estimate of $444.61 million. During the same quarter last year, the firm posted $0.31 EPS. The company’s quarterly revenue was up 10.7% on a year-over-year basis. Equities research analysts predict that ExlService Holdings, Inc. will post 1.28 earnings per share for the current year.

Insider Activity

In other news, CEO Rohit Kapoor sold 40,000 shares of the firm’s stock in a transaction dated Thursday, August 8th. The stock was sold at an average price of $34.05, for a total value of $1,362,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,509,588 shares in the company, valued at $51,401,471.40. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. In other ExlService news, insider Vivek Jetley sold 2,015 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $35.75, for a total transaction of $72,036.25. Following the completion of the sale, the insider now owns 326,642 shares in the company, valued at approximately $11,677,451.50. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Rohit Kapoor sold 40,000 shares of the firm’s stock in a transaction on Thursday, August 8th. The shares were sold at an average price of $34.05, for a total transaction of $1,362,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,509,588 shares in the company, valued at $51,401,471.40. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,875 shares of company stock worth $4,716,859. Company insiders own 3.75% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on EXLS. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of ExlService in a research note on Friday, August 2nd. JPMorgan Chase & Co. raised their target price on ExlService from $38.00 to $41.00 and gave the stock an “overweight” rating in a research report on Friday, September 6th. Jefferies Financial Group raised ExlService from a “hold” rating to a “buy” rating and lifted their target price for the stock from $35.00 to $42.00 in a report on Monday, September 9th. Robert W. Baird increased their price target on ExlService from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Finally, Citigroup lifted their price objective on ExlService from $38.00 to $46.00 and gave the stock a “buy” rating in a research note on Monday, October 14th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, ExlService presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.86.

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.