Axxcess Wealth Management LLC Makes New $244,000 Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

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

Several other hedge funds also recently made changes to their positions in EXLS. Mather Group LLC. purchased a new stake in shares of ExlService in the fourth quarter worth $25,000. Kestra Investment Management LLC bought a new position in ExlService during the 4th quarter worth approximately $26,000. USA Financial Formulas purchased a new position in shares of ExlService in the fourth quarter worth $58,000. VisionPoint Advisory Group LLC bought a new position in shares of ExlService during the fourth quarter valued at about $58,000. Finally, UMB Bank n.a. raised its position in ExlService by 17.6% during 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 last quarter. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

EXLS has been the subject of several research analyst reports. StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a research report on Sunday, February 2nd. Jefferies Financial Group lifted their price target on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. Stifel Nicolaus upped 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 raised 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. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $47.38.

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Insider Buying and Selling

In other ExlService news, EVP Ajay Ayyappan sold 1,865 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $48.32, for a total value of $90,116.80. Following the completion of the sale, the executive vice president now directly owns 40,986 shares in the company, valued at $1,980,443.52. This trade represents a 4.35 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the business'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 transaction, the executive vice president now owns 94,443 shares in the company, valued at approximately $4,336,822.56. This trade represents a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,351 shares of company stock worth $2,337,284. Corporate insiders own 4.16% of the company's stock.

ExlService Stock Performance

Shares of EXLS stock traded down $0.02 during trading hours on Wednesday, reaching $47.18. 624,123 shares of the company traded hands, compared to its average volume of 937,680. The company has a market cap of $7.66 billion, a P/E ratio of 41.39, a P/E/G ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $52.43. The firm has a 50-day moving average price of $48.72 and a 200 day moving average price of $44.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

ExlService (NASDAQ:EXLS - Get Free Report) last posted 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). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $481.43 million during the quarter, compared to analysts' expectations of $475.68 million. As a group, sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

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.