9,947 Shares in ExlService Holdings, Inc. (NASDAQ:EXLS) Acquired by Financial Harvest LLC

Financial Harvest LLC bought a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 9,947 shares of the business services provider's stock, valued at approximately $470,000. ExlService comprises 0.3% of Financial Harvest LLC's portfolio, making the stock its 27th biggest position.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. HighTower Advisors LLC grew its holdings in ExlService by 10.1% during the 4th quarter. HighTower Advisors LLC now owns 66,135 shares of the business services provider's stock worth $2,935,000 after acquiring an additional 6,048 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in ExlService by 1.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider's stock valued at $633,000 after buying an additional 214 shares in the last quarter. Cibc World Markets Corp purchased a new position in ExlService in the 4th quarter valued at approximately $653,000. Axxcess Wealth Management LLC purchased a new position in ExlService in the fourth quarter worth $244,000. Finally, Xponance Inc. grew its stake in shares of ExlService by 8.5% during the fourth quarter. Xponance Inc. now owns 23,360 shares of the business services provider's stock valued at $1,037,000 after buying an additional 1,835 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Stock Performance

ExlService stock traded up $0.28 during trading hours on Tuesday, reaching $42.87. 236,485 shares of the stock were exchanged, compared to its average volume of 1,282,293. The stock has a market cap of $6.97 billion, a P/E ratio of 32.51, a P/E/G ratio of 1.94 and a beta of 0.80. ExlService Holdings, Inc. has a 52-week low of $31.87 and a 52-week high of $52.43. The firm's 50 day moving average is $45.46 and its 200 day moving average is $46.55. The company has a debt-to-equity ratio of 0.30, a quick ratio of 3.41 and a current ratio of 3.41.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings results 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. ExlService had a net margin of 11.36% and a return on equity of 25.11%. The firm had revenue of $501.02 million for the quarter, compared to analyst estimates of $489.66 million. During the same quarter last year, the firm posted $0.38 earnings per share. ExlService's revenue for the quarter was up 14.8% compared to the same quarter last year. Analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Transactions at ExlService

In other ExlService news, insider Vikas Bhalla sold 25,000 shares of ExlService 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 transaction, the insider owned 135,046 shares of the company's stock, valued at $6,226,971.06. The trade was a 15.62% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Jaynie M. Studenmund sold 14,580 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $47.53, for a total value of $692,987.40. The disclosure for this sale can be found here. 4.04% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on EXLS. Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. 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 research report on Thursday, May 1st. Finally, Needham & Company LLC reiterated a "buy" rating and issued a $55.00 price target on shares of ExlService in a report on Tuesday, June 3rd. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, ExlService presently has an average rating of "Moderate Buy" and an average target price of $51.50.

About ExlService

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.