Raymond James & Associates Boosts Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Raymond James & Associates boosted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLSFree Report) by 3.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 401,356 shares of the business services provider’s stock after acquiring an additional 15,121 shares during the quarter. Raymond James & Associates’ holdings in ExlService were worth $12,382,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. FinTrust Capital Advisors LLC purchased a new position in ExlService in the 3rd quarter valued at approximately $29,000. Public Employees Retirement System of Ohio increased its holdings in ExlService by 439.5% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock worth $29,000 after purchasing an additional 857 shares during the period. Operose Advisors LLC acquired a new stake in ExlService in the 3rd quarter valued at about $38,000. RiverPark Advisors LLC grew its position in shares of ExlService by 65.2% during the fourth quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider’s stock worth $39,000 after buying an additional 503 shares in the last quarter. Finally, Fifth Third Bancorp increased its stake in shares of ExlService by 944.3% during the third quarter. Fifth Third Bancorp now owns 1,556 shares of the business services provider’s stock worth $44,000 after buying an additional 1,407 shares during the period. 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 business’s stock in a transaction that occurred on 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 owns 50,693 shares in the company, valued at $1,601,391.87. The sale was disclosed in a document filed with the SEC, which is available through this link. In other ExlService news, EVP Ajay Ayyappan sold 9,259 shares of the firm’s stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total transaction of $292,491.81. Following the transaction, the executive vice president now directly owns 50,693 shares of the company’s stock, valued at approximately $1,601,391.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vikas Bhalla sold 23,760 shares of ExlService stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total transaction of $748,677.60. Following the completion of the transaction, the executive vice president now owns 127,046 shares in the company, valued at $4,003,219.46. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by corporate insiders.

ExlService Trading Up 0.5 %

NASDAQ EXLS opened at $31.04 on Thursday. ExlService Holdings, Inc. has a 12 month low of $25.17 and a 12 month high of $35.94. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 28.37, a price-to-earnings-growth ratio of 1.64 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 firm’s fifty day moving average price is $31.12 and its 200 day moving average price is $29.67.

ExlService (NASDAQ:EXLSGet Free Report) last issued its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). ExlService had a return on equity of 22.83% and a net margin of 11.32%. The firm had revenue of $414.06 million for the quarter, compared to analysts’ expectations of $408.56 million. On average, sell-side analysts expect that ExlService Holdings, Inc. will post 1.3 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on EXLS. StockNews.com cut shares of ExlService from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Citigroup raised shares of ExlService from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $29.00 to $36.00 in a research report on Wednesday, January 17th. TD Cowen increased their target price on ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Tuesday. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 price target on shares of ExlService in a report on Friday, March 1st. Finally, Wedbush reaffirmed a “neutral” rating and set a $34.00 price objective on shares of ExlService in a research report on Thursday, December 14th. Three 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 presently has an average rating of “Moderate Buy” and an average target price of $36.00.

Get Our Latest Stock Analysis on EXLS

ExlService Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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