Proficio Capital Partners LLC Buys New Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Proficio Capital Partners LLC purchased a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 195,627 shares of the business services provider's stock, valued at approximately $8,682,000. Proficio Capital Partners LLC owned approximately 0.12% of ExlService at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of EXLS. State Street Corp lifted its stake in shares of ExlService by 1.0% in the 3rd quarter. State Street Corp now owns 5,837,311 shares of the business services provider's stock valued at $222,693,000 after purchasing an additional 59,196 shares during the period. Geneva Capital Management LLC raised its position in shares of ExlService by 1.9% in the third quarter. Geneva Capital Management LLC now owns 4,694,414 shares of the business services provider's stock worth $179,092,000 after acquiring an additional 87,592 shares during the period. Geode Capital Management LLC boosted its stake in shares of ExlService by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider's stock worth $165,083,000 after acquiring an additional 149,856 shares in the last quarter. Thrivent Financial for Lutherans grew its position in shares of ExlService by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 2,747,332 shares of the business services provider's stock valued at $104,810,000 after acquiring an additional 21,358 shares during the period. Finally, Handelsbanken Fonder AB increased its stake in shares of ExlService by 313.9% in 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. Hedge funds and other institutional investors own 92.92% of the company's stock.

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ExlService Price Performance

Shares of NASDAQ EXLS traded down $0.74 during mid-day trading on Thursday, reaching $46.72. The company's stock had a trading volume of 292,134 shares, compared to its average volume of 1,095,047. The stock has a 50-day moving average of $48.27 and a two-hundred day moving average of $43.51. The company has a debt-to-equity ratio of 0.37, a quick ratio of 3.02 and a current ratio of 3.02. The stock has a market capitalization of $7.58 billion, a P/E ratio of 41.10, a P/E/G ratio of 2.11 and a beta of 1.03. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing analysts' consensus estimates of $0.42 by ($0.08). The business 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, equities research analysts anticipate that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Maurizio Nicolelli sold 13,753 shares of ExlService stock in a transaction that occurred on 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 sale, the chief financial officer now owns 194,440 shares in the company, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ajay Ayyappan sold 16,186 shares of the stock in a transaction on Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the sale, the executive vice president now owns 40,986 shares in the company, valued at approximately $2,110,779. The trade was a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 36,793 shares of company stock valued at $1,852,461. Insiders own 4.16% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Stifel Nicolaus increased their price target on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. 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 shares of ExlService from a "hold" rating to a "buy" rating in a report on Sunday, February 2nd. Finally, Jefferies Financial Group upped their price objective on shares of ExlService from $47.00 to $57.00 and gave the stock a "buy" rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $47.38.

ExlService Company 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.