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 its most recent filing 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 approximately 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 recently added to or reduced their stakes in EXLS. HighTower Advisors LLC boosted its stake in ExlService by 10.1% in the fourth quarter. HighTower Advisors LLC now owns 66,135 shares of the business services provider's stock valued at $2,935,000 after acquiring an additional 6,048 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of ExlService by 1.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider's stock worth $633,000 after buying an additional 214 shares during the last quarter. Cibc World Markets Corp bought a new position in shares of ExlService in the 4th quarter worth $653,000. Axxcess Wealth Management LLC bought a new position in shares of ExlService in the 4th quarter worth $244,000. Finally, Xponance Inc. increased its holdings in shares of ExlService by 8.5% in the 4th quarter. Xponance Inc. now owns 23,360 shares of the business services provider's stock worth $1,037,000 after buying an additional 1,835 shares during the last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at ExlService

In other ExlService news, Director Jaynie M. Studenmund sold 14,580 shares of ExlService stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $47.53, for a total value of $692,987.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Vikas Bhalla sold 25,000 shares of the business's stock in a transaction that occurred 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 transaction, the insider directly owned 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 disclosure for this sale can be found here. Company insiders own 4.04% of the company's stock.

ExlService Trading Up 1.6%

Shares of NASDAQ:EXLS traded up $0.68 on Tuesday, hitting $43.27. The company had a trading volume of 1,369,685 shares, compared to its average volume of 1,287,416. The firm's 50-day simple moving average is $45.30 and its two-hundred day simple moving average is $46.51. ExlService Holdings, Inc. has a 1 year low of $31.87 and a 1 year high of $52.43. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.30. The firm has a market capitalization of $7.04 billion, a price-to-earnings ratio of 32.78, a P/E/G ratio of 1.95 and a beta of 0.80.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its earnings results on Tuesday, April 29th. The business services provider reported $0.48 EPS for the quarter, topping 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 during the quarter, compared to analysts' expectations of $489.66 million. During the same period last year, the company posted $0.38 EPS. The company's quarterly revenue was up 14.8% compared to the same quarter last year. Equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented 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. increased 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. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $51.50.

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.