EAM Global Investors LLC Takes Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

EAM Global Investors LLC purchased a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 87,610 shares of the business services provider’s stock, valued at approximately $3,888,000. EAM Global Investors LLC owned about 0.05% of ExlService at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in EXLS. Vanguard Group Inc. increased its position in shares of ExlService by 1.4% in the 4th quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider’s stock worth $699,925,000 after purchasing an additional 215,485 shares during the last quarter. FMR LLC increased its holdings in ExlService by 39.4% in the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider’s stock valued at $415,588,000 after buying an additional 2,647,937 shares during the last quarter. Norges Bank acquired a new stake in ExlService during the fourth quarter valued at approximately $106,452,000. Handelsbanken Fonder AB lifted its holdings in ExlService by 313.9% during the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock worth $97,400,000 after buying an additional 1,664,400 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in ExlService during the 4th quarter worth approximately $52,852,000. 92.92% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently issued reports on EXLS. Jefferies Financial Group upped their price target on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Needham & Company LLC increased their target price on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Stifel Nicolaus raised their price target on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. Finally, StockNews.com downgraded shares of ExlService from a “buy” rating to a “hold” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, ExlService presently has a consensus rating of “Moderate Buy” and an average target price of $48.86.

Insider Activity at ExlService

In related news, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the transaction, the chief financial officer now directly owns 194,440 shares of the company’s stock, valued at $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Ajay Ayyappan sold 1,865 shares of the company’s stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $48.32, for a total transaction of $90,116.80. Following the completion of the sale, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at $1,980,443.52. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,351 shares of company stock worth $2,337,284 over the last ninety days. 4.16% of the stock is currently owned by corporate insiders.

ExlService Stock Up 0.9 %

ExlService stock opened at $45.89 on Wednesday. The firm has a market capitalization of $7.45 billion, a P/E ratio of 40.25, a P/E/G ratio of 2.11 and a beta of 0.91. The company has a 50-day simple moving average of $47.29 and a 200-day simple moving average of $45.51. ExlService Holdings, Inc. has a one year low of $28.59 and a one year high of $52.43. 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 announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08). The firm had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. As a group, equities analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

ExlService 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.