30,866 Shares in ExlService Holdings, Inc. (NASDAQ:EXLS) Purchased by Massar Capital Management LP

Massar Capital Management LP purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 30,866 shares of the business services provider's stock, valued at approximately $1,370,000. ExlService makes up approximately 1.6% of Massar Capital Management LP's portfolio, making the stock its 23rd biggest position.

Several other large investors also recently made changes to their positions in the stock. Envestnet Portfolio Solutions Inc. boosted its stake in shares of ExlService by 1.5% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider's stock worth $633,000 after acquiring an additional 214 shares in the last quarter. Kensington Investment Counsel LLC lifted its position in shares of ExlService by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider's stock worth $1,740,000 after purchasing an additional 282 shares during the last quarter. UMB Bank n.a. lifted its position in shares of ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock worth $85,000 after purchasing an additional 288 shares during the last quarter. Dakota Wealth Management lifted its position in shares of ExlService by 5.0% during the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock worth $288,000 after purchasing an additional 311 shares during the last quarter. Finally, Heritage Family Offices LLP lifted its position in shares of ExlService by 6.7% during the 4th quarter. Heritage Family Offices LLP now owns 6,677 shares of the business services provider's stock worth $296,000 after purchasing an additional 421 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

Insider Buying and Selling at ExlService

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the transaction, the chief financial officer now directly owns 194,440 shares of the company's stock, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Anita Mahon sold 10,558 shares of ExlService stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total value of $484,823.36. Following the transaction, the executive vice president now directly owns 94,443 shares of the company's stock, valued at approximately $4,336,822.56. The trade was a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

EXLS has been the subject of several research analyst reports. Needham & Company LLC boosted their price objective on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. StockNews.com cut ExlService from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. Stifel Nicolaus boosted their price objective on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group upped their price target on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $48.86.

ExlService Stock Performance

ExlService stock traded down $0.39 during trading hours on Friday, hitting $44.43. The stock had a trading volume of 1,546,014 shares, compared to its average volume of 996,419. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The company has a market cap of $7.21 billion, a PE ratio of 38.97, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. ExlService Holdings, Inc. has a fifty-two week low of $28.59 and a fifty-two week high of $52.43. The company has a 50-day moving average of $46.21 and a two-hundred day moving average of $45.88.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.08). The company had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. On average, equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.