Ontario Teachers Pension Plan Board Makes New $1.74 Million Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Ontario Teachers Pension Plan Board purchased a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 39,191 shares of the business services provider's stock, valued at approximately $1,739,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Guggenheim Capital LLC bought a new position in ExlService in the 4th quarter valued at about $627,000. Next Century Growth Investors LLC boosted its position in shares of ExlService by 0.9% during the 4th quarter. Next Century Growth Investors LLC now owns 416,567 shares of the business services provider's stock worth $18,487,000 after acquiring an additional 3,670 shares in the last quarter. Bessemer Group Inc. increased its stake in ExlService by 4.0% in the fourth quarter. Bessemer Group Inc. now owns 793,135 shares of the business services provider's stock valued at $35,199,000 after acquiring an additional 30,321 shares during the last quarter. Raymond James Financial Inc. acquired a new position in ExlService during the fourth quarter valued at approximately $52,852,000. Finally, Renaissance Group LLC lifted its stake in ExlService by 11.4% during the fourth quarter. Renaissance Group LLC now owns 119,407 shares of the business services provider's stock worth $5,299,000 after purchasing an additional 12,266 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

Analyst Ratings Changes

EXLS has been the subject of a number of research analyst reports. Jefferies Financial Group boosted their price target on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Stifel Nicolaus boosted their target price on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. StockNews.com cut shares of ExlService from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Finally, Needham & Company LLC lifted 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. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.86.

ExlService Trading Down 1.4 %

NASDAQ:EXLS traded down $0.64 during mid-day trading on Monday, hitting $44.26. 149,136 shares of the company's stock were exchanged, compared to its average volume of 978,222. ExlService Holdings, Inc. has a fifty-two week low of $28.59 and a fifty-two week high of $52.43. 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 firm has a market capitalization of $7.18 billion, a P/E ratio of 38.82, a PEG ratio of 2.11 and a beta of 0.91. The company has a 50 day simple moving average of $46.92 and a 200-day simple moving average of $45.70.

ExlService (NASDAQ:EXLS - Get Free Report) last issued 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 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, research analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Buying and Selling at ExlService

In other news, EVP Anita Mahon sold 10,558 shares of the business's stock in a transaction that occurred on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total value of $484,823.36. Following the transaction, the executive vice president now owns 94,443 shares in the company, valued at approximately $4,336,822.56. The trade was a 10.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the sale, the chief financial officer now owns 194,440 shares of the company's stock, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,351 shares of company stock worth $2,337,284. Insiders own 4.16% of the company's stock.

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.