Tower Research Capital LLC TRC Purchases 3,357 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Tower Research Capital LLC TRC lifted its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 38.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,141 shares of the business services provider’s stock after purchasing an additional 3,357 shares during the quarter. Tower Research Capital LLC TRC’s holdings in ExlService were worth $539,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in EXLS. Mather Group LLC. bought a new stake in shares of ExlService in the fourth quarter worth about $25,000. Kestra Investment Management LLC purchased a new position in ExlService in the fourth quarter worth about $26,000. USA Financial Formulas purchased a new position in ExlService in the fourth quarter worth about $58,000. VisionPoint Advisory Group LLC purchased a new position in ExlService in the fourth quarter worth about $58,000. Finally, UMB Bank n.a. grew its position in ExlService by 17.6% in the fourth 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 in the last quarter. 92.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling at ExlService

In other news, EVP Anita Mahon sold 10,558 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value 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 $4,336,822.56. This trade represents a 10.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ajay Ayyappan sold 16,186 shares of the firm’s stock in a transaction dated Monday, February 10th. The stock was 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 owns 40,986 shares of the company’s stock, valued at approximately $2,110,779. The trade was a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 33,598 shares of company stock worth $1,661,461. 4.16% of the stock is owned by insiders.

ExlService Trading Up 0.1 %

Shares of NASDAQ EXLS opened at $44.46 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The stock has a market capitalization of $7.22 billion, a P/E ratio of 39.00, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. ExlService Holdings, Inc. has a 1-year low of $28.59 and a 1-year high of $52.43. The business has a fifty day moving average price of $46.07 and a 200 day moving average price of $45.92.

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 business had revenue of $481.43 million during the quarter, compared to analysts’ expectations of $475.68 million. Equities research analysts expect 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.