ExlService Holdings, Inc. (NASDAQ:EXLS) Shares Bought by Hillsdale Investment Management Inc.

Hillsdale Investment Management Inc. boosted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 51,777.8% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 93,380 shares of the business services provider's stock after buying an additional 93,200 shares during the quarter. Hillsdale Investment Management Inc. owned 0.06% of ExlService worth $4,144,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Handelsbanken Fonder AB raised its position in ExlService by 313.9% during the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock valued at $97,400,000 after purchasing an additional 1,664,400 shares in the last quarter. Raymond James Financial Inc. bought a new stake in shares of ExlService in the 4th quarter valued at about $52,852,000. Loomis Sayles & Co. L P bought a new stake in shares of ExlService in the 3rd quarter valued at about $17,198,000. American Century Companies Inc. boosted its stake in shares of ExlService by 204.2% during the fourth quarter. American Century Companies Inc. now owns 609,616 shares of the business services provider's stock valued at $27,055,000 after purchasing an additional 409,242 shares in the last quarter. Finally, Tredje AP fonden purchased a new position in ExlService during the fourth quarter valued at approximately $9,320,000. 92.92% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

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Insider Activity at ExlService

In related news, EVP Ajay Ayyappan sold 1,865 shares of the company's stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $48.32, for a total transaction of $90,116.80. Following the completion of the transaction, the executive vice president now owns 40,986 shares in the company, valued at $1,980,443.52. This represents a 4.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the sale, the chief financial officer now owns 194,440 shares in the company, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 47,351 shares of company stock worth $2,337,284 in the last 90 days. Corporate insiders own 4.16% of the company's stock.

ExlService Stock Performance

Shares of EXLS traded up $0.75 during mid-day trading on Tuesday, reaching $47.23. The company had a trading volume of 760,575 shares, compared to its average volume of 937,394. The stock has a 50 day moving average of $48.70 and a two-hundred day moving average of $44.52. 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 capitalization of $7.67 billion, a P/E ratio of 41.43, a PEG ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a 52-week low of $28.16 and a 52-week high of $52.43.

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 (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.08). The firm had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. On average, analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current 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.