Integrated Quantitative Investments LLC Acquires Shares of 18,950 ExlService Holdings, Inc. (NASDAQ:EXLS)

Integrated Quantitative Investments LLC bought a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 18,950 shares of the business services provider's stock, valued at approximately $841,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Walleye Capital LLC purchased a new stake in shares of ExlService in the third quarter valued at about $1,543,000. Proficio Capital Partners LLC acquired a new position in ExlService in the fourth quarter valued at approximately $8,682,000. Smith Group Asset Management LLC increased its stake in ExlService by 1.9% during the fourth quarter. Smith Group Asset Management LLC now owns 422,607 shares of the business services provider's stock worth $18,755,000 after acquiring an additional 7,694 shares during the last quarter. Oak Ridge Investments LLC raised its position in ExlService by 3.1% in the fourth quarter. Oak Ridge Investments LLC now owns 331,169 shares of the business services provider's stock valued at $14,697,000 after purchasing an additional 9,859 shares during the period. Finally, MML Investors Services LLC grew its holdings in shares of ExlService by 23.2% during the 3rd quarter. MML Investors Services LLC now owns 10,415 shares of the business services provider's stock worth $397,000 after purchasing an additional 1,959 shares during the period. Institutional investors and hedge funds own 92.92% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently commented on EXLS. Needham & Company LLC raised their target price on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Stifel Nicolaus upped their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Jefferies Financial Group boosted their price target on shares of ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research note on Tuesday, January 21st. Finally, StockNews.com upgraded 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 seven have issued a buy rating to the company's stock. Based on data from MarketBeat.com, ExlService has a consensus rating of "Moderate Buy" and an average target price of $48.86.

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ExlService Price Performance

Shares of NASDAQ:EXLS traded up $0.45 during trading on Wednesday, hitting $42.30. 264,884 shares of the stock were exchanged, compared to its average volume of 1,137,635. ExlService Holdings, Inc. has a 12-month low of $28.59 and a 12-month high of $52.43. The company has a market cap of $6.86 billion, a PE ratio of 37.17, a P/E/G ratio of 2.11 and a beta of 0.91. The company has a fifty day moving average price of $48.00 and a two-hundred day moving average price of $45.25. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS - Get Free Report) last released 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). The firm had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. On average, analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Buying and Selling at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the business's stock in a transaction that occurred on Monday, February 10th. The shares were sold at an average price of $51.50, for a total transaction of $833,579.00. Following the completion of the sale, the executive vice president now directly owns 40,986 shares in the company, valued at $2,110,779. The trade was a 28.31 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the firm's stock in a transaction dated 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 $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 47,351 shares of company stock worth $2,337,284. 4.16% of the stock is owned by insiders.

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.