2Xideas AG Acquires New Stake in ExlService Holdings, Inc. (NASDAQ:EXLS)

2Xideas AG acquired a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 322,481 shares of the business services provider's stock, valued at approximately $14,312,000. ExlService accounts for about 1.9% of 2Xideas AG's holdings, making the stock its 15th largest holding. 2Xideas AG owned about 0.20% of ExlService at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Mather Group LLC. acquired a new position in ExlService during the 4th quarter worth approximately $25,000. Kestra Investment Management LLC bought a new stake in shares of ExlService in the fourth quarter worth $26,000. USA Financial Formulas acquired a new position in ExlService during the fourth quarter worth $58,000. VisionPoint Advisory Group LLC bought a new position in ExlService in the fourth quarter valued at $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 valued at $85,000 after purchasing an additional 288 shares in the last quarter. 92.92% of the stock is currently owned by institutional investors.

Insider Activity at ExlService

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the business's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the sale, the chief financial officer now owns 194,440 shares of the company's stock, valued at $9,554,781.60. The trade was a 6.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ajay Ayyappan sold 16,186 shares of the firm's stock in a transaction that occurred 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 directly owns 40,986 shares in the company, valued at $2,110,779. This represents a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,351 shares of company stock worth $2,337,284 in the last ninety days. 4.16% of the stock is owned by company insiders.

Remove Ads

ExlService Stock Performance

Shares of EXLS traded up $0.72 during mid-day trading on Friday, reaching $44.74. The company's stock had a trading volume of 505,573 shares, compared to its average volume of 983,268. 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 cap of $7.26 billion, a P/E ratio of 38.93, a PEG 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 50-day simple moving average of $47.65 and a two-hundred day simple moving average of $45.35.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings data 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 company 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%. As a group, equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on EXLS. Stifel Nicolaus increased their price objective on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Jefferies Financial Group raised their price target on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, January 21st. Needham & Company LLC boosted 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. Finally, StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a report on Sunday, February 2nd. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, ExlService presently has an average rating of "Moderate Buy" and a consensus target price of $48.86.

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.