Morse Asset Management Inc Makes New Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Morse Asset Management Inc purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,110 shares of the business services provider’s stock, valued at approximately $49,000.

Several other large investors have also modified their holdings of the stock. FMR LLC raised its position in ExlService by 39.4% during the 4th quarter. FMR LLC now owns 9,364,312 shares of the business services provider’s stock worth $415,588,000 after buying an additional 2,647,937 shares during the last quarter. Norges Bank purchased a new position in shares of ExlService during the 4th quarter worth about $106,452,000. Handelsbanken Fonder AB lifted its holdings in shares of 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 acquiring an additional 1,664,400 shares during the period. Raymond James Financial Inc. purchased a new position in ExlService in the fourth quarter valued at approximately $52,852,000. Finally, Axiom Investors LLC DE acquired a new stake in ExlService in the fourth quarter valued at approximately $20,419,000. Institutional investors and hedge funds own 92.92% of the company’s stock.

Insider Buying and Selling

In other ExlService news, EVP Ajay Ayyappan sold 1,865 shares of the firm’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 sale, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at $1,980,443.52. This trade represents a 4.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Anita Mahon sold 10,558 shares of the firm’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the sale, the executive vice president now directly owns 94,443 shares in the company, valued at $4,336,822.56. This represents a 10.06% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 56,992 shares of company stock valued at $2,673,620 over the last 90 days. Insiders own 4.16% of the company’s stock.

ExlService Trading Up 0.0%

Shares of EXLS stock opened at $46.86 on Wednesday. The company has a market capitalization of $7.62 billion, a PE ratio of 41.11, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86. 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 Holdings, Inc. has a 52-week low of $28.59 and a 52-week high of $52.43. The business’s fifty day moving average is $45.68 and its 200 day moving average is $46.39.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, April 29th. The business services provider reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $501.02 million during the quarter, compared to the consensus estimate of $489.66 million. During the same quarter in the previous year, the firm posted $0.38 EPS. The firm’s revenue was up 14.8% on a year-over-year basis. On average, equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analyst Ratings Changes

EXLS has been the topic of a number of recent analyst reports. 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. Jefferies Financial Group lifted their price target on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Stifel Nicolaus upped their price target on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. JPMorgan Chase & Co. boosted their price objective on ExlService from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Finally, StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a report on Friday, May 9th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $52.33.

About ExlService

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.