Fox Run Management L.L.C. Takes Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Fox Run Management L.L.C. acquired a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 18,806 shares of the business services provider's stock, valued at approximately $835,000.

Several other institutional investors have also recently made changes to their positions in EXLS. Natixis Advisors LLC boosted its holdings in ExlService by 5.5% during the third quarter. Natixis Advisors LLC now owns 55,122 shares of the business services provider's stock worth $2,103,000 after purchasing an additional 2,896 shares during the last quarter. Pathstone Holdings LLC lifted 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 worth $1,906,000 after buying an additional 405 shares in the last quarter. First Horizon Advisors Inc. boosted its stake in shares of ExlService by 25.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 2,576 shares of the business services provider's stock worth $98,000 after buying an additional 524 shares during the last quarter. Intech Investment Management LLC bought a new position in shares of ExlService in the third quarter valued at approximately $1,194,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of ExlService by 0.5% during 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 acquiring an additional 9,775 shares during the last quarter. Institutional investors own 92.92% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Insider Activity

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the transaction, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Ajay Ayyappan sold 1,865 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was sold at an average price of $48.32, for a total transaction of $90,116.80. Following 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 position. The disclosure for this sale can be found here. Over the last three months, insiders sold 47,351 shares of company stock worth $2,337,284. 4.16% of the stock is owned by corporate insiders.

ExlService Stock Performance

NASDAQ EXLS traded up $0.72 during trading on Tuesday, hitting $47.20. 1,040,046 shares of the company's stock traded hands, compared to its average volume of 938,687. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a market capitalization 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 Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $52.43. The business has a 50 day moving average of $48.72 and a 200-day moving average of $44.60.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 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 business had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. As a group, equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

ExlService 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.