Cibc World Markets Corp Invests $653,000 in ExlService Holdings, Inc. (NASDAQ:EXLS)

Cibc World Markets Corp bought a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,711 shares of the business services provider's stock, valued at approximately $653,000.

Several other institutional investors have also recently made changes to their positions in EXLS. Natixis Advisors LLC grew its position in ExlService by 5.5% during the third quarter. Natixis Advisors LLC now owns 55,122 shares of the business services provider's stock valued at $2,103,000 after buying an additional 2,896 shares during the period. Pathstone Holdings LLC grew its position 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. First Horizon Advisors Inc. increased its stake in shares of ExlService by 25.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 2,576 shares of the business services provider's stock worth $98,000 after purchasing an additional 524 shares during the last quarter. Intech Investment Management LLC bought a new stake in shares of ExlService in the 3rd quarter worth approximately $1,194,000. Finally, Charles Schwab Investment Management Inc. lifted its stake in ExlService by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider's stock valued at $82,448,000 after purchasing an additional 9,775 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

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Analysts Set New Price Targets

Several equities research analysts have commented on EXLS shares. Stifel Nicolaus raised their price target on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Jefferies Financial Group lifted their target price on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. Needham & Company LLC increased their price target on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, StockNews.com raised shares of ExlService from a "hold" rating to a "buy" rating in a research note on Sunday, February 2nd. One equities research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $47.38.

ExlService Trading Up 1.5 %

Shares of ExlService stock traded up $0.72 during trading on Tuesday, reaching $47.20. The company's stock had a trading volume of 1,040,046 shares, compared to its average volume of 938,687. The firm's 50-day moving average is $48.72 and its two-hundred day moving average is $44.60. 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 Holdings, Inc. has a 52-week low of $28.16 and a 52-week high of $52.43. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 41.40, a PEG ratio of 2.11 and a beta of 1.10.

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

Insider Buying and Selling

In related news, EVP Ajay Ayyappan sold 16,186 shares of the firm's stock in a transaction on 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 sale, the executive vice president now owns 40,986 shares of the company's stock, valued at $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Anita Mahon sold 10,558 shares of ExlService stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. Insiders have sold 47,351 shares of company stock valued at $2,337,284 over the last ninety days. 4.16% of the stock is owned by insiders.

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.