Massar Capital Management LP Purchases Shares of 30,866 ExlService Holdings, Inc. (NASDAQ:EXLS)

Massar Capital Management LP bought a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 30,866 shares of the business services provider's stock, valued at approximately $1,370,000. ExlService makes up 1.6% of Massar Capital Management LP's holdings, making the stock its 23rd largest position.

A number of other hedge funds and other institutional investors have also recently modified their holdings of EXLS. Mather Group LLC. bought a new stake in ExlService during the fourth quarter worth about $25,000. Kestra Investment Management LLC bought a new stake in shares of ExlService in the 4th quarter worth approximately $26,000. USA Financial Formulas bought a new stake in shares of ExlService in the 4th quarter worth approximately $58,000. VisionPoint Advisory Group LLC purchased a new stake in shares of ExlService in the 4th quarter worth approximately $58,000. Finally, UMB Bank n.a. increased its position in ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider's stock valued at $85,000 after buying an additional 288 shares in the last quarter. 92.92% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on EXLS shares. Jefferies Financial Group raised 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. Stifel Nicolaus raised their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a research note on Thursday, February 27th. Needham & Company LLC upped their target price on shares of ExlService from $50.00 to $60.00 and gave the stock a "buy" rating in a research note on Thursday, February 27th. Finally, StockNews.com cut shares of ExlService from a "buy" rating to a "hold" rating in a report on Monday, April 14th. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $48.86.

Insider Activity at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the business's stock in a transaction dated Monday, February 10th. The stock was 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 position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the completion of the transaction, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,351 shares of company stock worth $2,337,284. 4.16% of the stock is owned by insiders.

ExlService Stock Performance

EXLS traded down $0.39 during midday trading on Friday, hitting $44.43. 1,546,014 shares of the company traded hands, compared to its average volume of 994,914. The company's 50-day moving average is $46.21 and its 200 day moving average is $45.79. ExlService Holdings, Inc. has a 52 week low of $28.59 and a 52 week high of $52.43. The firm has a market capitalization of $7.21 billion, a PE ratio of 38.97, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37.

ExlService (NASDAQ:EXLS - Get Free Report) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share 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 the consensus estimate of $475.68 million. ExlService had a net margin of 10.61% and a return on equity of 23.23%. On average, research analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

About ExlService

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.