1,380 Shares in ExlService Holdings, Inc. (NASDAQ:EXLS) Purchased by GAMMA Investing LLC

GAMMA Investing LLC purchased a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,380 shares of the business services provider’s stock, valued at approximately $43,000.

A number of other institutional investors and hedge funds also recently modified their holdings of EXLS. Linden Thomas Advisory Services LLC purchased a new stake in ExlService in the fourth quarter valued at approximately $249,000. California Public Employees Retirement System grew its stake in shares of ExlService by 0.3% during the 4th quarter. California Public Employees Retirement System now owns 274,616 shares of the business services provider’s stock valued at $8,472,000 after buying an additional 950 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of ExlService by 58.3% during the 4th quarter. Handelsbanken Fonder AB now owns 34,490 shares of the business services provider’s stock worth $1,064,000 after buying an additional 12,700 shares during the last quarter. CWM LLC raised its position in shares of ExlService by 7.6% in the 4th quarter. CWM LLC now owns 42,816 shares of the business services provider’s stock worth $1,321,000 after buying an additional 3,016 shares during the period. Finally, abrdn plc boosted its holdings in ExlService by 3.2% in the fourth quarter. abrdn plc now owns 76,310 shares of the business services provider’s stock valued at $2,354,000 after acquiring an additional 2,345 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Transactions at ExlService

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

Analyst Ratings Changes

Several brokerages have commented on EXLS. TD Cowen upped their price target on ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 2nd. Needham & Company LLC reissued a “buy” rating and set a $40.00 target price on shares of ExlService in a research report on Friday. Citigroup reduced their price target on shares of ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a research report on Monday, April 22nd. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, Wedbush restated a “neutral” rating and set a $34.00 target price on shares of ExlService in a report on Wednesday. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, ExlService presently has an average rating of “Moderate Buy” and a consensus target price of $36.14.

ExlService Stock Performance

EXLS stock opened at $29.65 on Friday. The firm has a market cap of $4.82 billion, a P/E ratio of 27.20, a P/E/G ratio of 1.52 and a beta of 1.00. The stock’s 50 day simple moving average is $30.54 and its 200 day simple moving average is $29.83. The company has a current ratio of 2.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.15. ExlService Holdings, Inc. has a 12-month low of $25.17 and a 12-month high of $34.41.

ExlService (NASDAQ:EXLS) last posted 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). ExlService had a net margin of 11.32% and a return on equity of 22.83%. The business had revenue of $414.06 million during the quarter, compared to analyst estimates of $408.56 million. As a group, equities research analysts predict 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.