Mindset Wealth Management LLC Makes New $202,000 Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Mindset Wealth Management LLC bought a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 4,549 shares of the business services provider’s stock, valued at approximately $202,000.

Several other institutional investors have also made changes to their positions in EXLS. Mather Group LLC. acquired a new position in ExlService in the 4th quarter worth approximately $25,000. Kestra Investment Management LLC purchased a new position in shares of ExlService during the fourth quarter valued at $26,000. VisionPoint Advisory Group LLC acquired a new position in ExlService during the fourth quarter valued at $58,000. USA Financial Formulas purchased a new stake in ExlService in the 4th quarter worth about $58,000. Finally, UMB Bank n.a. boosted its position in 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 acquiring an additional 288 shares during the period. 92.92% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

EXLS has been the subject of a number of research analyst reports. Needham & Company LLC increased their price target on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Stifel Nicolaus boosted their price target on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, Jefferies Financial Group increased their price objective on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.38.

Insider Buying and Selling

In related news, EVP Anita Mahon sold 10,558 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the transaction, the executive vice president now directly owns 94,443 shares in the company, valued at $4,336,822.56. The trade was a 10.06 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Ajay Ayyappan sold 16,186 shares of the company’s stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at approximately $2,110,779. This trade represents a 28.31 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,351 shares of company stock valued at $2,337,284. Insiders own 4.16% of the company’s stock.

ExlService Price Performance

Shares of NASDAQ:EXLS opened at $46.43 on Friday. The business has a 50-day moving average of $48.67 and a two-hundred day moving average of $44.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $52.43. The stock has a market capitalization of $7.54 billion, a P/E ratio of 40.73, a P/E/G ratio of 2.11 and a beta of 1.10.

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

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.