ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Acquired by Nicolet Advisory Services LLC

Nicolet Advisory Services LLC boosted its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 10.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,122 shares of the business services provider’s stock after acquiring an additional 2,348 shares during the period. Nicolet Advisory Services LLC’s holdings in ExlService were worth $1,088,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of EXLS. Norges Bank acquired a new position in ExlService during the 4th quarter valued at about $106,452,000. Handelsbanken Fonder AB lifted its position in shares of ExlService by 313.9% in the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock valued at $97,400,000 after acquiring an additional 1,664,400 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in ExlService in the 4th quarter worth about $52,852,000. Axiom Investors LLC DE purchased a new position in ExlService during the 4th quarter valued at about $20,419,000. Finally, American Century Companies Inc. grew its position in ExlService by 204.2% during the fourth quarter. American Century Companies Inc. now owns 609,616 shares of the business services provider’s stock valued at $27,055,000 after purchasing an additional 409,242 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Stifel Nicolaus boosted their price target on ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Needham & Company LLC lifted their price objective on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Finally, Jefferies Financial Group raised their target price on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $48.86.

ExlService Stock Up 0.8 %

EXLS opened at $48.16 on Thursday. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $52.43. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 42.25, a PEG ratio of 2.11 and a beta of 0.91. The firm’s 50-day simple moving average is $48.66 and its 200-day simple moving average is $45.01. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (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. Equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Transactions at ExlService

In other ExlService news, 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 sale, the executive vice president now owns 40,986 shares of the company’s stock, valued at approximately $2,110,779. This represents a 28.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of ExlService stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the transaction, the executive vice president now directly owns 94,443 shares in the company, valued at approximately $4,336,822.56. The trade was a 10.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,351 shares of company stock worth $2,337,284 over the last 90 days. 4.16% of the stock is owned by insiders.

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.