Hillsdale Investment Management Inc. Buys 93,200 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Hillsdale Investment Management Inc. lifted its position in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 51,777.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 93,380 shares of the business services provider's stock after buying an additional 93,200 shares during the period. Hillsdale Investment Management Inc. owned approximately 0.06% of ExlService worth $4,144,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Envestnet Portfolio Solutions Inc. grew its position in ExlService by 1.5% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 14,270 shares of the business services provider's stock valued at $633,000 after purchasing an additional 214 shares in the last quarter. Kensington Investment Counsel LLC grew its holdings in shares of ExlService by 0.7% during the 4th quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider's stock valued at $1,740,000 after acquiring an additional 282 shares in the last quarter. UMB Bank n.a. increased its stake in shares of ExlService by 17.6% in the fourth quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock worth $85,000 after acquiring an additional 288 shares during the last quarter. Dakota Wealth Management increased its stake in shares of 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 acquiring an additional 311 shares during the last quarter. Finally, Quantinno Capital Management LP raised its holdings in shares of ExlService by 2.3% during the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider's stock worth $597,000 after acquiring an additional 359 shares in the last quarter. Institutional investors own 92.92% of the company's stock.

Remove Ads

Insider Activity

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the company's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the sale, the chief financial officer now directly owns 194,440 shares of the company's stock, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Anita Mahon sold 10,558 shares of ExlService stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the sale, the executive vice president now directly owns 94,443 shares of the company's stock, valued at $4,336,822.56. This represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 47,351 shares of company stock worth $2,337,284. 4.16% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

ExlService Stock Performance

NASDAQ EXLS traded down $0.11 during midday trading on Thursday, hitting $47.07. The company had a trading volume of 652,026 shares, compared to its average volume of 937,188. The firm has a fifty day simple moving average of $48.74 and a two-hundred day simple moving average of $44.64. ExlService Holdings, Inc. has a fifty-two week low of $28.16 and a fifty-two week high of $52.43. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market cap of $7.64 billion, a price-to-earnings ratio of 41.29, a P/E/G ratio of 2.11 and a beta of 1.10.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings results 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 net margin of 10.61% and a return on equity of 23.23%. The firm had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. Equities analysts forecast 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.