Nebula Research & Development LLC Makes New $607,000 Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Nebula Research & Development LLC bought a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) during the fourth quarter, Holdings Channel reports. The firm bought 13,686 shares of the business services provider’s stock, valued at approximately $607,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its holdings in ExlService by 39.4% during the fourth quarter. FMR LLC now owns 9,364,312 shares of the business services provider’s stock valued at $415,588,000 after acquiring an additional 2,647,937 shares during the period. Norges Bank bought a new position in shares of ExlService in the fourth quarter worth about $106,452,000. Handelsbanken Fonder AB increased its stake in shares of ExlService by 313.9% in the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock worth $97,400,000 after purchasing an additional 1,664,400 shares during the period. Raymond James Financial Inc. bought a new position in shares of ExlService in the fourth quarter worth about $52,852,000. Finally, Axiom Investors LLC DE bought a new position in shares of ExlService in the fourth quarter worth about $20,419,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Stock Up 0.1 %

Shares of EXLS opened at $44.46 on Tuesday. The company has a market capitalization of $7.22 billion, a P/E ratio of 39.00, a PEG ratio of 2.11 and a beta of 0.91. 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 one year low of $28.59 and a one year high of $52.43. The business’s 50 day simple moving average is $46.07 and its 200-day simple moving average is $45.92.

ExlService (NASDAQ:EXLS) last announced its 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 business had revenue of $481.43 million during 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%. As a group, sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on EXLS. Jefferies Financial Group lifted their price objective on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Stifel Nicolaus lifted their price objective on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Needham & Company LLC lifted their price objective on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Finally, StockNews.com lowered ExlService from a “buy” rating to a “hold” rating in a research note on Monday, April 14th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.86.

Insider Transactions at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the company’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the transaction, 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the company’s stock in a transaction on Tuesday, March 11th. The stock was 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 in the company, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 33,598 shares of company stock valued at $1,661,461 in the last three months. 4.16% of the stock is owned by corporate insiders.

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.