Mercer Global Advisors Inc. ADV Has $7.80 Million Stock Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Mercer Global Advisors Inc. ADV grew its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 1,666.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 175,669 shares of the business services provider's stock after buying an additional 165,722 shares during the period. Mercer Global Advisors Inc. ADV owned 0.11% of ExlService worth $7,796,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Mather Group LLC. purchased a new stake in shares of ExlService during the fourth quarter worth approximately $25,000. Kestra Investment Management LLC purchased a new stake in ExlService during the 4th quarter worth about $26,000. USA Financial Formulas acquired a new position in shares of ExlService during the 4th quarter worth about $58,000. VisionPoint Advisory Group LLC purchased a new position in shares of ExlService in the 4th quarter valued at about $58,000. Finally, UMB Bank n.a. raised its position in shares of ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock worth $85,000 after acquiring an additional 288 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 shares were sold at an average price of $47.53, for a total value of $692,987.40. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ajay Ayyappan sold 16,186 shares of the business's stock in a transaction on Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares of the company's stock, valued at $2,110,779. This trade represents a 28.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 48,178 shares of company stock worth $2,354,449. 4.16% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms recently commented on EXLS. Jefferies Financial Group increased their target price on shares of ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research report on Tuesday, January 21st. Needham & Company LLC boosted their price objective on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. 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 research report on Thursday, February 27th. StockNews.com downgraded shares of ExlService from a "buy" rating to a "hold" rating in a research note on Monday, April 14th. Finally, JPMorgan Chase & Co. increased their price target on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $50.57.

ExlService Stock Down 1.3 %

EXLS stock traded down $0.62 during mid-day trading on Wednesday, hitting $46.05. The stock had a trading volume of 1,119,547 shares, compared to its average volume of 1,027,076. ExlService Holdings, Inc. has a 1-year low of $28.59 and a 1-year high of $52.43. The company has a fifty day moving average of $45.77 and a 200 day moving average of $46.15. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 40.40, a PEG ratio of 2.11 and a beta of 0.86.

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

ExlService Company 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.