ExlService Holdings, Inc. (NASDAQ:EXLS) Position Increased by Raymond James & Associates

Raymond James & Associates increased its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS – Get Rating) by 14.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,748 shares of the business services provider’s stock after acquiring an additional 4,964 shares during the period. Raymond James & Associates owned about 0.12% of ExlService worth $6,735,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of EXLS. Invesco Ltd. raised its holdings in shares of ExlService by 49.7% during the first quarter. Invesco Ltd. now owns 466,371 shares of the business services provider’s stock worth $66,817,000 after acquiring an additional 154,763 shares in the last quarter. BlackRock Inc. raised its holdings in shares of ExlService by 1.4% during the first quarter. BlackRock Inc. now owns 5,054,281 shares of the business services provider’s stock worth $724,125,000 after acquiring an additional 67,935 shares in the last quarter. Federated Hermes Inc. raised its holdings in shares of ExlService by 67.2% during the first quarter. Federated Hermes Inc. now owns 137,286 shares of the business services provider’s stock worth $19,669,000 after acquiring an additional 55,172 shares in the last quarter. Retirement Systems of Alabama purchased a new stake in shares of ExlService during the third quarter worth $7,212,000. Finally, Goldman Sachs Group Inc. raised its holdings in shares of ExlService by 45.1% during the second quarter. Goldman Sachs Group Inc. now owns 154,193 shares of the business services provider’s stock worth $22,718,000 after acquiring an additional 47,956 shares in the last quarter. 95.84% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, SVP Ajay Ayyappan sold 764 shares of the business’s stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $169.66, for a total transaction of $129,620.24. Following the completion of the transaction, the senior vice president now owns 5,369 shares of the company’s stock, valued at approximately $910,904.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director Anne Elizabeth Minto sold 557 shares of the business’s stock in a transaction dated Wednesday, May 10th. The stock was sold at an average price of $152.74, for a total transaction of $85,076.18. Following the transaction, the director now directly owns 2,533 shares in the company, valued at $386,890.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Ajay Ayyappan sold 764 shares of the business’s stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $169.66, for a total value of $129,620.24. Following the transaction, the senior vice president now owns 5,369 shares in the company, valued at $910,904.54. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,723 shares of company stock valued at $464,407. Insiders own 3.51% of the company’s stock.

ExlService Price Performance

NASDAQ EXLS opened at $155.67 on Friday. ExlService Holdings, Inc. has a twelve month low of $127.35 and a twelve month high of $191.18. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.02 and a current ratio of 2.02. The stock has a market capitalization of $5.18 billion, a PE ratio of 33.33, a P/E/G ratio of 1.85 and a beta of 1.00. The stock has a 50-day simple moving average of $160.13 and a 200 day simple moving average of $169.00.

ExlService (NASDAQ:EXLS – Get Rating) last posted its quarterly earnings data on Thursday, February 23rd. The business services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.03. ExlService had a return on equity of 23.43% and a net margin of 10.66%. The business had revenue of $374.70 million during the quarter, compared to analysts’ expectations of $361.14 million. Research analysts anticipate that ExlService Holdings, Inc. will post 5.53 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have weighed in on EXLS shares. Citigroup upgraded ExlService from a “sell” rating to a “neutral” rating and set a $160.00 target price on the stock in a report on Wednesday, March 15th. Needham & Company LLC reaffirmed a “buy” rating and issued a $200.00 price target on shares of ExlService in a research report on Friday, March 3rd. Finally, StockNews.com assumed coverage on ExlService in a research report on Thursday. They issued a “buy” rating for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $180.00.

ExlService Profile

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ExlService Holdings, Inc is an operations management and analytics company, which engages in providing business process management. It operates through the following segments: Insurance, Healthcare, Travel, Transportation, and Logistics, Finance and Accounting, Analytic, and All Other. The Insurance segment serves property and casualty insurance, life insurance, disability insurance, annuity, and retirement services companies.