Cookson Peirce & Co. Inc. boosted its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 57.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,559 shares of the business services provider's stock after buying an additional 9,284 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in ExlService were worth $1,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Private Advisor Group LLC increased its holdings in shares of ExlService by 7.8% in the third quarter. Private Advisor Group LLC now owns 10,218 shares of the business services provider's stock worth $390,000 after buying an additional 742 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of ExlService by 5.1% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,345 shares of the business services provider's stock worth $509,000 after buying an additional 653 shares during the period. State of Alaska Department of Revenue increased its holdings in shares of ExlService by 5.3% in the third quarter. State of Alaska Department of Revenue now owns 18,750 shares of the business services provider's stock worth $715,000 after buying an additional 940 shares during the period. US Bancorp DE increased its holdings in shares of ExlService by 17.2% in the third quarter. US Bancorp DE now owns 19,163 shares of the business services provider's stock worth $731,000 after buying an additional 2,818 shares during the period. Finally, Janney Montgomery Scott LLC increased its holdings in shares of ExlService by 46.1% in the third quarter. Janney Montgomery Scott LLC now owns 20,660 shares of the business services provider's stock worth $788,000 after buying an additional 6,519 shares during the period. 92.92% of the stock is currently owned by institutional investors.
ExlService Trading Up 1.8 %
NASDAQ:EXLS traded up $0.82 during mid-day trading on Friday, reaching $47.58. 976,671 shares of the company's stock traded hands, compared to its average volume of 1,105,602. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $52.43. The firm has a market capitalization of $7.72 billion, a price-to-earnings ratio of 41.74, a PEG ratio of 2.11 and a beta of 1.10. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The company has a 50 day moving average price of $48.36 and a 200-day moving average price of $43.62.
ExlService (NASDAQ:EXLS - Get Free Report) last posted its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share 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 firm had revenue of $481.43 million for the quarter, compared to analysts' expectations of $475.68 million. On average, sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.
Insiders Place Their Bets
In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the company'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 owns 40,986 shares in the company, valued at approximately $2,110,779. This represents a 28.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of the company's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value 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. In the last quarter, insiders have sold 36,793 shares of company stock worth $1,852,461. Company insiders own 4.16% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently commented on EXLS. Jefferies Financial Group lifted their price objective on ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, January 21st. Stifel Nicolaus lifted their price objective on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Needham & Company LLC lifted their price objective on ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a report on Thursday, February 27th. Finally, StockNews.com upgraded ExlService from a "hold" rating to a "buy" rating in a report on Sunday, February 2nd. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $47.38.
Get Our Latest Stock Analysis on ExlService
About ExlService
(
Free Report)
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.
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