Handelsbanken Fonder AB Buys 12,700 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Handelsbanken Fonder AB increased its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 58.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 34,490 shares of the business services provider’s stock after purchasing an additional 12,700 shares during the quarter. Handelsbanken Fonder AB’s holdings in ExlService were worth $1,064,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. FinTrust Capital Advisors LLC bought a new position in ExlService during the third quarter valued at $29,000. Public Employees Retirement System of Ohio increased its position 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 valued at $29,000 after purchasing an additional 857 shares during the period. RiverPark Advisors LLC lifted its stake in shares of ExlService by 65.2% during the 4th quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider’s stock worth $39,000 after purchasing an additional 503 shares during the last quarter. Operose Advisors LLC acquired a new position in shares of ExlService during the third quarter worth $38,000. Finally, International Assets Investment Management LLC purchased a new position in shares of ExlService in the 4th quarter valued at approximately $50,000. 92.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. TD Cowen increased their price objective on shares of ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. StockNews.com downgraded shares of ExlService from a “buy” rating to a “hold” rating in a report on Thursday, February 29th. Needham & Company LLC reissued a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research note on Friday, March 1st. Finally, Citigroup lowered their target price on ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and a consensus target price of $36.14.

Insider Transactions at ExlService

In related news, EVP Vikas Bhalla sold 23,760 shares of the company’s stock in a transaction that occurred on 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 transaction, the executive vice president now directly owns 127,046 shares of the company’s stock, valued at $4,003,219.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Ajay Ayyappan sold 9,259 shares of ExlService 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 sale, the executive vice president now owns 50,693 shares in the company, valued at $1,601,391.87. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vikas Bhalla sold 23,760 shares of the business’s stock in a transaction dated 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 directly owns 127,046 shares of the company’s stock, valued at $4,003,219.46. The disclosure for this sale can be found here. Corporate insiders own 3.75% of the company’s stock.

ExlService Stock Performance

NASDAQ:EXLS opened at $29.36 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a market capitalization of $4.87 billion, a P/E ratio of 26.84, a PEG ratio of 1.53 and a beta of 0.97. ExlService Holdings, Inc. has a fifty-two week low of $25.17 and a fifty-two week high of $35.94. The company has a 50 day moving average price of $30.64 and a 200 day moving average price of $29.83.

ExlService (NASDAQ:EXLS) last announced 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 net margin of 11.32% and a return on equity of 22.83%. The company had revenue of $414.06 million during the quarter, compared to analyst estimates of $408.56 million. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.3 EPS for the current year.

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.