ExlService Holdings, Inc. (NASDAQ:EXLS) is Neumeier Poma Investment Counsel LLC’s Largest Position

Neumeier Poma Investment Counsel LLC lessened its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,038,394 shares of the business services provider’s stock after selling 15,161 shares during the period. ExlService accounts for approximately 4.5% of Neumeier Poma Investment Counsel LLC’s holdings, making the stock its biggest position. Neumeier Poma Investment Counsel LLC owned 0.65% of ExlService worth $46,084,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Envestnet Portfolio Solutions Inc. raised its stake in ExlService by 1.5% during 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 last quarter. Kensington Investment Counsel LLC increased its holdings in shares of ExlService by 0.7% during the fourth quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider’s stock valued at $1,740,000 after acquiring an additional 282 shares in the last quarter. UMB Bank n.a. raised its position in shares of ExlService by 17.6% in the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock worth $85,000 after purchasing an additional 288 shares during the last quarter. Dakota Wealth Management raised its position in shares of ExlService by 5.0% in the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock worth $288,000 after purchasing an additional 311 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its stake in ExlService by 2.3% in the 3rd 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 in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction 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 sale, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $2,110,779. The trade was a 28.31 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the transaction, the chief financial officer now directly owns 194,440 shares of the company’s stock, valued at $9,554,781.60. This trade represents a 6.61 % 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 ninety days. Corporate insiders own 4.16% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in 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 note on Thursday, February 27th. Jefferies Financial Group raised their price target 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. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Finally, Stifel Nicolaus lifted their target price on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.38.

ExlService Trading Down 0.0 %

ExlService stock opened at $47.18 on Thursday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $52.43. The firm has a market capitalization of $7.66 billion, a price-to-earnings ratio of 41.39, a P/E/G ratio of 2.11 and a beta of 1.10. The firm has a 50 day moving average of $48.74 and a 200 day moving average of $44.62.

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

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.