Algert Global LLC Boosts Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Algert Global LLC raised its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 134.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 352,845 shares of the business services provider's stock after purchasing an additional 202,385 shares during the period. ExlService comprises 0.4% of Algert Global LLC's investment portfolio, making the stock its 25th biggest position. Algert Global LLC owned approximately 0.22% of ExlService worth $15,659,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in EXLS. Mather Group LLC. acquired a new stake in ExlService in the fourth quarter valued at approximately $25,000. Kestra Investment Management LLC purchased a new stake in shares of ExlService during the 4th quarter worth $26,000. USA Financial Formulas purchased a new stake in shares of ExlService during the 4th quarter worth $58,000. VisionPoint Advisory Group LLC purchased a new position in ExlService in the fourth quarter valued at $58,000. Finally, UMB Bank n.a. raised its stake in ExlService by 17.6% in the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock valued at $85,000 after buying an additional 288 shares in the last quarter. Hedge funds and other institutional investors own 92.92% of the company's stock.

Insider Transactions at ExlService

In other ExlService news, Director Jaynie M. Studenmund sold 14,580 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $47.53, for a total value of $692,987.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Ajay Ayyappan sold 16,186 shares of the business's stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the sale, the executive vice president now owns 40,986 shares in the company, valued at $2,110,779. The trade was a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 48,178 shares of company stock worth $2,354,449. Company insiders own 4.16% of the company's stock.

ExlService Stock Performance

Shares of EXLS traded up $0.16 during mid-day trading on Friday, hitting $45.69. 475,325 shares of the company's stock were exchanged, compared to its average volume of 1,257,425. The firm has a market capitalization of $7.43 billion, a P/E ratio of 40.08, a P/E/G ratio of 2.11 and a beta of 0.86. ExlService Holdings, Inc. has a fifty-two week low of $28.59 and a fifty-two week high of $52.43. The business's 50 day moving average is $45.72 and its two-hundred day moving average is $46.19. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS - Get Free Report) last announced its earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.45 by $0.03. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The company had revenue of $501.02 million for the quarter, compared to the consensus estimate of $489.66 million. During the same period last year, the business posted $0.38 EPS. The company's revenue was up 14.8% on a year-over-year basis. On average, equities analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on EXLS shares. StockNews.com downgraded ExlService from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Stifel Nicolaus raised their price objective on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. JPMorgan Chase & Co. upped their target price on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Jefferies Financial Group upped their price objective on shares of ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Finally, Needham & Company LLC lifted their target price on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $52.33.

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.