Alps Advisors Inc. Invests $364,000 in ExlService Holdings, Inc. (NASDAQ:EXLS)

Alps Advisors Inc. purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,710 shares of the business services provider's stock, valued at approximately $364,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC raised its stake in shares of ExlService by 39.4% in the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock valued at $415,588,000 after acquiring an additional 2,647,937 shares during the last quarter. Norges Bank acquired a new stake in shares of ExlService in the fourth quarter valued at approximately $106,452,000. Raymond James Financial Inc. acquired a new stake in shares of ExlService in the fourth quarter valued at approximately $52,852,000. Handelsbanken Fonder AB increased its holdings in shares of ExlService by 25.2% in the first quarter. Handelsbanken Fonder AB now owns 2,746,690 shares of the business services provider's stock valued at $129,671,000 after purchasing an additional 552,000 shares in the last quarter. Finally, Axiom Investors LLC DE acquired a new stake in shares of ExlService in the fourth quarter valued at approximately $20,419,000. Institutional investors own 92.92% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Needham & Company LLC reissued a "buy" rating and issued a $55.00 price target on shares of ExlService in a report on Tuesday, June 3rd. Wall Street Zen raised shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. raised their price target on shares of ExlService from $52.00 to $53.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One research analyst has rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $51.50.

Insider Buying and Selling at ExlService

In other ExlService news, Director Jaynie M. Studenmund sold 14,580 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $47.53, for a total transaction of $692,987.40. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Vikas Bhalla sold 25,000 shares of the business's stock in a transaction dated Thursday, May 8th. The stock was sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the sale, the insider directly owned 135,046 shares in the company, valued at $6,226,971.06. This trade represents a 15.62% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 4.04% of the company's stock.

ExlService Trading Down 0.4%

Shares of EXLS stock traded down $0.19 on Friday, hitting $42.30. The stock had a trading volume of 92,728 shares, compared to its average volume of 1,273,113. ExlService Holdings, Inc. has a twelve month low of $31.87 and a twelve month high of $52.43. The firm has a market cap of $6.88 billion, a P/E ratio of 32.09, a PEG ratio of 1.93 and a beta of 0.80. The company has a current ratio of 3.41, a quick ratio of 3.41 and a debt-to-equity ratio of 0.30. The company has a fifty day moving average price of $45.52 and a two-hundred day moving average price of $46.53.

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, beating the consensus estimate of $0.45 by $0.03. The business had revenue of $501.02 million for the quarter, compared to analysts' expectations of $489.66 million. ExlService had a net margin of 11.36% and a return on equity of 25.11%. The firm's revenue was up 14.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.38 EPS. As a group, analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share 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.