Raymond James Financial Services Advisors Inc. Decreases Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Raymond James Financial Services Advisors Inc. lowered its holdings in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 8.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,826 shares of the business services provider’s stock after selling 769 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in ExlService were worth $241,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Healthcare of Ontario Pension Plan Trust Fund lifted its holdings in shares of ExlService by 398.8% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 386,000 shares of the business services provider’s stock valued at $10,823,000 after acquiring an additional 308,618 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of ExlService by 402.9% in the 3rd quarter. Vanguard Group Inc. now owns 16,834,702 shares of the business services provider’s stock valued at $472,045,000 after purchasing an additional 13,487,495 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in shares of ExlService by 422.5% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 57,775 shares of the business services provider’s stock valued at $1,627,000 after purchasing an additional 46,717 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of ExlService by 400.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,391,792 shares of the business services provider’s stock worth $123,146,000 after purchasing an additional 3,513,403 shares during the period. Finally, Arizona State Retirement System increased its position in shares of ExlService by 406.1% during the 3rd quarter. Arizona State Retirement System now owns 47,332 shares of the business services provider’s stock valued at $1,327,000 after purchasing an additional 37,979 shares during the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

ExlService Stock Up 0.1 %

Shares of EXLS opened at $29.62 on Wednesday. The firm has a fifty day moving average price of $30.72 and a 200-day moving average price of $29.82. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $4.91 billion, a P/E ratio of 27.08, a P/E/G ratio of 1.53 and a beta of 0.97. ExlService Holdings, Inc. has a 12-month low of $25.17 and a 12-month high of $35.94.

ExlService (NASDAQ:EXLS) last released 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). The company had revenue of $414.06 million during the quarter, compared to analysts’ expectations of $408.56 million. ExlService had a net margin of 11.32% and a return on equity of 22.83%. Equities research analysts expect that ExlService Holdings, Inc. will post 1.3 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on EXLS shares. TD Cowen raised their price target on ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday, April 2nd. Needham & Company LLC restated a “buy” rating and issued a $40.00 target price on shares of ExlService in a report on Friday, March 1st. StockNews.com cut shares of ExlService from a “buy” rating to a “hold” rating in a research note on Thursday, February 29th. Finally, Citigroup reduced their price objective on shares of ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, ExlService has an average rating of “Moderate Buy” and an average price target of $36.14.

Insider Buying and Selling

In other ExlService news, EVP Ajay Ayyappan sold 9,259 shares of ExlService stock in a transaction on 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 of the company’s stock, valued at approximately $1,601,391.87. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Vikas Bhalla sold 23,760 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The shares were 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 approximately $4,003,219.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Ajay Ayyappan sold 9,259 shares of ExlService stock in a transaction that occurred 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 in the company, valued at $1,601,391.87. The disclosure for this sale can be found here. 3.75% of the stock is owned by insiders.

About ExlService

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.