Axxcess Wealth Management LLC Takes $244,000 Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Axxcess Wealth Management LLC bought a new position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 5,491 shares of the business services provider's stock, valued at approximately $244,000.

Other large investors have also made changes to their positions in the company. Envestnet Portfolio Solutions Inc. increased its stake in shares of ExlService by 1.5% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider's stock worth $633,000 after purchasing an additional 214 shares in the last quarter. UMB Bank n.a. grew its holdings in ExlService by 17.6% during 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 during the period. Dakota Wealth Management increased its position in ExlService by 5.0% in the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider's stock worth $288,000 after buying an additional 311 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of ExlService by 2.3% in the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider's stock worth $597,000 after buying an additional 359 shares during the period. Finally, Pathstone Holdings LLC grew its stake in shares of ExlService by 0.8% during the 3rd quarter. Pathstone Holdings LLC now owns 49,950 shares of the business services provider's stock valued at $1,906,000 after acquiring an additional 405 shares during the period. 92.92% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

EXLS has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of ExlService from a "hold" rating to a "buy" rating in a research report on Sunday, February 2nd. Jefferies Financial Group raised 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 boosted their price objective on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Needham & Company LLC increased their target price on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. One analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, ExlService presently has an average rating of "Moderate Buy" and a consensus price target of $47.38.

Insider Activity at ExlService

In related news, EVP Anita Mahon sold 10,558 shares of the firm's stock in a transaction on 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 sale, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the transaction, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 47,351 shares of company stock valued at $2,337,284 over the last 90 days. 4.16% of the stock is owned by corporate insiders.

ExlService Price Performance

ExlService stock traded up $0.72 during midday trading on Tuesday, reaching $47.20. 1,040,046 shares of the stock traded hands, compared to its average volume of 938,687. The stock's fifty day moving average is $48.72 and its 200-day moving average is $44.60. ExlService Holdings, Inc. has a 12 month low of $28.16 and a 12 month high of $52.43. The stock has a market cap of $7.66 billion, a P/E ratio of 41.40, a PEG ratio of 2.11 and a beta of 1.10. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm had revenue of $481.43 million for the quarter, compared to analysts' expectations of $475.68 million. As a group, equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current 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.