PharVision Advisers LLC Purchases New Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

PharVision Advisers LLC purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 21,104 shares of the business services provider's stock, valued at approximately $937,000. ExlService makes up 0.8% of PharVision Advisers LLC's investment portfolio, making the stock its largest position.

Other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in ExlService by 12.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 477,705 shares of the business services provider's stock valued at $21,201,000 after acquiring an additional 51,113 shares during the last quarter. iSAM Funds UK Ltd bought a new position in shares of ExlService during the 4th quarter valued at $221,000. Vident Advisory LLC lifted its stake in shares of ExlService by 10.2% in the 4th quarter. Vident Advisory LLC now owns 15,283 shares of the business services provider's stock valued at $678,000 after purchasing an additional 1,411 shares during the last quarter. Tidal Investments LLC lifted its stake in shares of ExlService by 79.9% in the 4th quarter. Tidal Investments LLC now owns 10,164 shares of the business services provider's stock valued at $451,000 after purchasing an additional 4,514 shares during the last quarter. Finally, State of Wyoming boosted its holdings in ExlService by 9.1% in the fourth quarter. State of Wyoming now owns 38,090 shares of the business services provider's stock worth $1,690,000 after purchasing an additional 3,163 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have weighed in on EXLS. Needham & Company LLC raised their target price on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Wall Street Zen upgraded ExlService from a "hold" rating to a "buy" rating in a report on Friday, May 9th. JPMorgan Chase & Co. boosted their price objective on shares of ExlService from $52.00 to $53.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Stifel Nicolaus lifted their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. 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 a consensus rating of "Moderate Buy" and an average target price of $52.33.

ExlService Stock Performance

NASDAQ EXLS traded down $0.28 during trading on Monday, hitting $45.58. The company's stock had a trading volume of 1,714,040 shares, compared to its average volume of 1,046,020. ExlService Holdings, Inc. has a 52 week low of $28.59 and a 52 week high of $52.43. The firm has a market cap of $7.42 billion, a P/E ratio of 39.98, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86. The firm has a 50 day moving average price of $45.64 and a 200 day moving average price of $46.64. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS - Get Free Report) last released its 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. The firm had revenue of $501.02 million during the quarter, compared to analysts' expectations of $489.66 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business's quarterly revenue was up 14.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 EPS. Equities research analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Activity at ExlService

In other news, EVP Ajay Ayyappan sold 1,865 shares of the business's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $48.32, for a total transaction of $90,116.80. Following the sale, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $1,980,443.52. The trade was a 4.35% decrease in their ownership of the stock. The transaction 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 company's stock in a transaction on Thursday, May 8th. The shares were sold at an average price of $46.11, for a total value of $1,152,750.00. Following the completion of the transaction, the insider now 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 52,003 shares of company stock worth $2,420,678. 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.