Harvest Fund Management Co. Ltd Invests $544,000 in ExlService Holdings, Inc. (NASDAQ:EXLS)

Harvest Fund Management Co. Ltd purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 12,267 shares of the business services provider's stock, valued at approximately $544,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in EXLS. Envestnet Portfolio Solutions Inc. lifted its holdings in ExlService by 1.5% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider's stock valued at $633,000 after buying an additional 214 shares during the period. Kensington Investment Counsel LLC raised its position in shares of ExlService by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider's stock valued at $1,740,000 after acquiring an additional 282 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of ExlService by 17.6% in the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock valued at $85,000 after purchasing an additional 288 shares during the period. Dakota Wealth Management boosted its position in shares of ExlService by 5.0% in the 4th quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock worth $288,000 after purchasing an additional 311 shares during the last quarter. Finally, Quantinno Capital Management LP grew its stake in shares of ExlService by 2.3% during the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider's stock worth $597,000 after purchasing an additional 359 shares during the period. Institutional investors own 92.92% of the company's stock.

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Wall Street Analyst Weigh In

Several brokerages have recently issued reports on EXLS. Needham & Company LLC boosted their price target on shares of ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Stifel Nicolaus boosted their target price on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. StockNews.com upgraded ExlService from a "hold" rating to a "buy" rating in a report on Sunday, February 2nd. Finally, Jefferies Financial Group lifted their price objective 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 eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, ExlService presently has a consensus rating of "Moderate Buy" and an average price target of $47.38.

ExlService Stock Performance

EXLS stock traded up $0.72 during mid-day trading on Tuesday, hitting $47.20. 1,040,046 shares of the company were exchanged, compared to its average volume of 937,394. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $52.43. The business has a 50 day simple moving average of $48.70 and a 200-day simple moving average of $44.52. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $7.66 billion, a PE ratio of 41.40, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10.

ExlService (NASDAQ:EXLS - Get Free Report) 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). The business had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. On average, equities analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Buying and Selling at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the 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 directly owns 40,986 shares in the company, valued at approximately $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Anita Mahon sold 10,558 shares of the business'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 sale, the executive vice president now directly owns 94,443 shares in the company, valued at $4,336,822.56. The trade was a 10.06 % 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 90 days. Insiders own 4.16% of the company's stock.

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.