Mackenzie Financial Corp Has $210.20 Million Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

Mackenzie Financial Corp raised its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,813,597 shares of the business services provider's stock after purchasing an additional 291,734 shares during the period. Mackenzie Financial Corp owned about 4.13% of ExlService worth $210,199,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also modified their holdings of the company. Advisor Partners II LLC lifted its position in ExlService by 3.3% in the fourth quarter. Advisor Partners II LLC now owns 1,952 shares of the business services provider's stock valued at $331,000 after purchasing an additional 63 shares during the period. Captrust Financial Advisors grew its holdings in ExlService by 5.5% during the 2nd quarter. Captrust Financial Advisors now owns 2,395 shares of the business services provider's stock valued at $353,000 after buying an additional 125 shares during the last quarter. Boothbay Fund Management LLC raised its stake in ExlService by 16.0% in the 1st quarter. Boothbay Fund Management LLC now owns 1,371 shares of the business services provider's stock valued at $222,000 after purchasing an additional 189 shares during the last quarter. Ensign Peak Advisors Inc grew its stake in ExlService by 2.0% in the 1st quarter. Ensign Peak Advisors Inc now owns 10,072 shares of the business services provider's stock worth $1,630,000 after acquiring an additional 200 shares during the period. Finally, Creative Planning increased its stake in ExlService by 13.5% in the second quarter. Creative Planning now owns 1,720 shares of the business services provider's stock valued at $253,000 after purchasing an additional 205 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Stock Performance

Shares of EXLS traded down $0.15 during trading hours on Monday, reaching $29.96. 1,161,552 shares of the company traded hands, compared to its average volume of 961,634. The stock's fifty day moving average is $30.88 and its 200 day moving average is $29.75. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.08. The stock has a market cap of $4.97 billion, a P/E ratio of 27.25, a price-to-earnings-growth ratio of 1.57 and a beta of 0.97. ExlService Holdings, Inc. has a 1-year low of $25.17 and a 1-year high of $35.94.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.26 EPS for the quarter, missing analysts' consensus estimates of $0.27 by ($0.01). The business had revenue of $414.06 million for the quarter, compared to the consensus estimate of $408.56 million. ExlService had a return on equity of 22.83% and a net margin of 11.32%. Equities research analysts anticipate that ExlService Holdings, Inc. will post 1.3 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on EXLS. TD Cowen lifted their price target on shares of ExlService from $36.00 to $37.00 and gave the stock an "outperform" rating in a research note on Tuesday, April 2nd. StockNews.com downgraded shares of ExlService from a "buy" rating to a "hold" rating in a research report on Thursday, February 29th. Needham & Company LLC reaffirmed a "buy" rating and set a $40.00 price objective on shares of ExlService in a research note on Friday, March 1st. Finally, Citigroup raised ExlService from a "neutral" rating to a "buy" rating and raised their target price for the stock from $29.00 to $36.00 in a research report on Wednesday, January 17th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $36.00.

Insider Activity

In other ExlService news, EVP Vikas Bhalla sold 23,760 shares of ExlService stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the completion of the transaction, the executive vice president now directly owns 127,046 shares of the company's stock, valued at $4,003,219.46. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Vikas Bhalla sold 23,760 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $31.51, for a total transaction of $748,677.60. Following the sale, the executive vice president now directly owns 127,046 shares in the company, valued at approximately $4,003,219.46. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ajay Ayyappan sold 9,259 shares of ExlService stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total value of $292,491.81. Following the completion of the transaction, the executive vice president now owns 50,693 shares of the company's stock, valued at approximately $1,601,391.87. The disclosure for this sale can be found here. Corporate insiders own 3.75% of the company's stock.

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.