Cornercap Investment Counsel Inc. Takes $604,000 Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Cornercap Investment Counsel Inc. acquired a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 19,581 shares of the business services provider’s stock, valued at approximately $604,000.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Vontobel Holding Ltd. lifted its position in shares of ExlService by 7.6% in the fourth quarter. Vontobel Holding Ltd. now owns 15,671 shares of the business services provider’s stock valued at $483,000 after acquiring an additional 1,111 shares in the last quarter. Louisiana State Employees Retirement System acquired a new position in ExlService in the fourth quarter valued at $1,428,000. GHP Investment Advisors Inc. increased its stake in ExlService by 1,301.4% in the fourth quarter. GHP Investment Advisors Inc. now owns 85,723 shares of the business services provider’s stock valued at $2,645,000 after purchasing an additional 79,606 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in ExlService by 1.5% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 56,554 shares of the business services provider’s stock valued at $1,745,000 after purchasing an additional 858 shares during the last quarter. Finally, Wakefield Asset Management LLLP increased its stake in ExlService by 11.3% in the fourth quarter. Wakefield Asset Management LLLP now owns 24,338 shares of the business services provider’s stock valued at $751,000 after purchasing an additional 2,480 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other ExlService news, EVP Ajay Ayyappan sold 9,259 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total transaction of $292,491.81. Following the completion of the sale, the executive vice president now directly owns 50,693 shares in the company, valued at $1,601,391.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Vikas Bhalla sold 23,760 shares of the company’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total value of $748,677.60. Following the completion of the sale, the executive vice president now owns 127,046 shares of the company’s stock, valued at $4,003,219.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ajay Ayyappan sold 9,259 shares of the company’s stock in a transaction dated Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total value of $292,491.81. Following the completion of the sale, the executive vice president now directly owns 50,693 shares of the company’s stock, valued at approximately $1,601,391.87. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by insiders.

ExlService Stock Performance

Shares of NASDAQ:EXLS opened at $29.46 on Wednesday. The firm has a market capitalization of $4.88 billion, a PE ratio of 26.93, a P/E/G ratio of 1.56 and a beta of 0.97. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.08 and a quick ratio of 2.08. The business has a 50-day moving average of $30.84 and a two-hundred day moving average of $29.77. ExlService Holdings, Inc. has a 12 month low of $25.17 and a 12 month high of $35.94.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Thursday, February 29th. The business services provider reported $0.26 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.01). The firm had revenue of $414.06 million for the quarter, compared to analyst estimates of $408.56 million. ExlService had a return on equity of 22.83% and a net margin of 11.32%. As a group, research analysts forecast that ExlService Holdings, Inc. will post 1.3 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Citigroup upgraded ExlService from a “neutral” rating to a “buy” rating and upped their target price for the company from $29.00 to $36.00 in a research note on Wednesday, January 17th. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 target price on shares of ExlService in a research note on Friday, March 1st. Finally, TD Cowen upped their target price on ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $36.00.

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.