Ethic Inc. Takes Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Ethic Inc. purchased a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 5,768 shares of the business services provider's stock, valued at approximately $256,000.

A number of other institutional investors have also recently bought and sold shares of EXLS. Mather Group LLC. acquired a new stake in shares of ExlService during the fourth quarter worth $25,000. Kestra Investment Management LLC bought a new position in ExlService during the 4th quarter worth about $26,000. VisionPoint Advisory Group LLC acquired a new stake in shares of ExlService in the 4th quarter valued at about $58,000. UMB Bank n.a. lifted its holdings in shares of 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 purchasing an additional 288 shares in the last quarter. Finally, Johnson Financial Group Inc. bought a new stake in shares of ExlService in the fourth quarter valued at about $85,000. Institutional investors own 92.92% of the company's stock.

Analyst Ratings Changes

A number of research firms recently issued reports on EXLS. JPMorgan Chase & Co. increased their price objective on ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Jefferies Financial Group raised their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Stifel Nicolaus lifted their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, February 27th. StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. Finally, Needham & Company LLC raised their target price on shares of ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $52.33.

ExlService Stock Down 1.0%

Shares of ExlService stock traded down $0.46 on Wednesday, reaching $45.92. 946,061 shares of the company were exchanged, compared to its average volume of 1,037,458. The company has a market capitalization of $7.47 billion, a price-to-earnings ratio of 40.28, a PEG ratio of 2.11 and a beta of 0.86. 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 Holdings, Inc. has a one year low of $28.59 and a one year high of $52.43. The company has a 50-day moving average of $45.68 and a 200 day moving average of $46.58.

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

Insider Activity

In other ExlService news, insider Vikas Bhalla sold 25,000 shares of ExlService stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the completion of the transaction, the insider now directly owns 135,046 shares of the company's stock, valued at $6,226,971.06. The trade was a 15.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jaynie M. Studenmund sold 14,580 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $47.53, for a total transaction of $692,987.40. The disclosure for this sale can be found here. Insiders sold a total of 52,003 shares of company stock valued at $2,420,678 in the last quarter. Company insiders own 4.04% of the company's stock.

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.