Kensington Investment Counsel LLC Has $1.74 Million Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Kensington Investment Counsel LLC grew its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 39,207 shares of the business services provider’s stock after buying an additional 282 shares during the period. Kensington Investment Counsel LLC’s holdings in ExlService were worth $1,740,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. increased its stake in shares of ExlService by 1.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider’s stock valued at $633,000 after buying an additional 214 shares during the period. UMB Bank n.a. increased its stake in shares of ExlService by 17.6% in the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock valued at $85,000 after buying an additional 288 shares during the period. Dakota Wealth Management increased its stake in shares of ExlService by 5.0% in the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock valued at $288,000 after buying an additional 311 shares during the period. Quantinno Capital Management LP grew its stake in ExlService by 2.3% during the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider’s stock worth $597,000 after purchasing an additional 359 shares during the period. Finally, Pathstone Holdings LLC grew its stake in ExlService by 0.8% during the third quarter. Pathstone Holdings LLC now owns 49,950 shares of the business services provider’s stock worth $1,906,000 after purchasing an additional 405 shares during the period. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Activity

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the transaction, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ajay Ayyappan sold 16,186 shares of the firm’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the transaction, the executive vice president now owns 40,986 shares in the company, valued at $2,110,779. This represents a 28.31 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 47,351 shares of company stock worth $2,337,284 over the last 90 days. 4.16% of the stock is currently owned by corporate insiders.

ExlService Stock Up 1.0 %

Shares of NASDAQ:EXLS opened at $46.60 on Tuesday. The business’s 50 day simple moving average is $48.55 and its two-hundred day simple moving average is $44.15. The firm has a market cap of $7.56 billion, a P/E ratio of 40.88, a PEG ratio of 2.11 and a beta of 1.10. 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 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 the consensus estimate of $0.42 by ($0.08). The firm had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. As a group, research analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

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

ExlService Company 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.