Inspire Advisors LLC purchased a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,557 shares of the business services provider's stock, valued at approximately $1,065,000.
Several other institutional investors have also modified their holdings of EXLS. FMR LLC lifted its position in shares of ExlService by 39.4% during the 4th quarter. FMR LLC now owns 9,364,312 shares of the business services provider's stock worth $415,588,000 after purchasing an additional 2,647,937 shares during the last quarter. Norges Bank purchased a new stake in shares of ExlService during the 4th quarter worth $106,452,000. Raymond James Financial Inc. purchased a new stake in shares of ExlService during the 4th quarter worth $52,852,000. Handelsbanken Fonder AB lifted its position in shares of ExlService by 25.2% during the 1st quarter. Handelsbanken Fonder AB now owns 2,746,690 shares of the business services provider's stock worth $129,671,000 after purchasing an additional 552,000 shares during the last quarter. Finally, Axiom Investors LLC DE purchased a new stake in shares of ExlService during the 4th quarter worth $20,419,000. Institutional investors and hedge funds own 92.92% of the company's stock.
ExlService Price Performance
Shares of NASDAQ EXLS traded down $0.02 on Tuesday, hitting $42.20. The company's stock had a trading volume of 2,008,031 shares, compared to its average volume of 1,619,050. ExlService Holdings, Inc. has a 12-month low of $31.87 and a 12-month high of $52.43. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 31.97, a price-to-earnings-growth ratio of 1.96 and a beta of 0.80. The company has a debt-to-equity ratio of 0.30, a current ratio of 3.41 and a quick ratio of 3.41. The stock has a 50 day moving average of $45.02 and a 200-day moving average of $46.46.
ExlService (NASDAQ:EXLS - Get Free Report) last announced its earnings results on Tuesday, July 29th. The business services provider reported $0.41 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.45 by ($0.04). ExlService had a return on equity of 25.11% and a net margin of 11.36%. As a group, research analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current year.
Analyst Ratings Changes
A number of brokerages recently weighed in on EXLS. Needham & Company LLC reissued a "buy" rating and issued a $55.00 price target on shares of ExlService in a research report on Tuesday, June 3rd. JPMorgan Chase & Co. boosted 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, Wall Street Zen upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $51.50.
Read Our Latest Report on EXLS
Insider Buying and Selling
In related news, Director Jaynie M. Studenmund sold 14,580 shares of the firm'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 transaction of $692,987.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Vikas Bhalla sold 25,000 shares of the stock in a transaction that occurred on 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 directly owned 135,046 shares in the company, valued at approximately $6,226,971.06. This represents a 15.62% decrease in their position. The disclosure for this sale can be found here. 4.04% of the stock is currently owned by company insiders.
About ExlService
(
Free Report)
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.
Featured Articles
Before you consider ExlService, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and ExlService wasn't on the list.
While ExlService currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
