LPL Financial LLC Increases Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

LPL Financial LLC raised its stake in ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) by 5.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 170,516 shares of the business services provider's stock after acquiring an additional 9,217 shares during the period. LPL Financial LLC owned approximately 0.11% of ExlService worth $7,764,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of EXLS. Handelsbanken Fonder AB lifted its position in shares of ExlService by 313.9% in the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider's stock worth $97,400,000 after buying an additional 1,664,400 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of ExlService during the 4th quarter valued at approximately $52,852,000. American Century Companies Inc. grew its holdings in shares of ExlService by 204.2% in 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. Tredje AP fonden bought a new stake in ExlService in the fourth quarter worth $9,320,000. Finally, Proficio Capital Partners LLC purchased a new stake in ExlService during the fourth quarter valued at $8,682,000. Hedge funds and other institutional investors own 92.92% of the company's stock.

Insider Transactions at ExlService

In other news, EVP Anita Mahon sold 10,558 shares of the 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 transaction, the executive vice president now owns 94,443 shares of the company's stock, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ajay Ayyappan sold 1,865 shares of ExlService stock in a transaction dated Friday, February 28th. The shares were sold at an average price of $48.32, for a total value of $90,116.80. Following the completion of the sale, the executive vice president now owns 40,986 shares of the company's stock, valued at $1,980,443.52. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is currently owned by company insiders.

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Analyst Ratings Changes

A number of research analysts recently commented on the stock. Needham & Company LLC increased their price target on shares of ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Stifel Nicolaus raised their price objective on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. StockNews.com raised ExlService from a "hold" rating to a "buy" rating in a research report on Sunday, February 2nd. Finally, Jefferies Financial Group increased their price target on ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $48.86.

ExlService Trading Down 2.1 %

Shares of EXLS stock traded down $0.95 on Thursday, reaching $44.02. 1,380,929 shares of the company's stock were exchanged, compared to its average volume of 985,081. The company's fifty day simple moving average is $47.65 and its 200 day simple moving average is $45.35. ExlService Holdings, Inc. has a 52 week low of $28.59 and a 52 week high of $52.43. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $7.14 billion, a PE ratio of 38.61, a P/E/G ratio of 2.11 and a beta of 0.91.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.42 by ($0.08). The company had revenue of $481.43 million for the quarter, compared to analysts' expectations of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. As a group, analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS 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.