Raymond James Financial Inc. Takes $52.85 Million Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Raymond James Financial Inc. purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,190,885 shares of the business services provider's stock, valued at approximately $52,852,000. Raymond James Financial Inc. owned about 0.74% of ExlService at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of EXLS. Proficio Capital Partners LLC purchased a new stake in shares of ExlService in the fourth quarter worth about $8,682,000. Smith Group Asset Management LLC increased its holdings in ExlService by 1.9% in the fourth quarter. Smith Group Asset Management LLC now owns 422,607 shares of the business services provider's stock valued at $18,755,000 after buying an additional 7,694 shares during the last quarter. Oak Ridge Investments LLC lifted its stake in ExlService by 3.1% during the fourth quarter. Oak Ridge Investments LLC now owns 331,169 shares of the business services provider's stock worth $14,697,000 after purchasing an additional 9,859 shares during the last quarter. MML Investors Services LLC boosted its holdings in ExlService by 23.2% in the third 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. Finally, Barclays PLC increased its stake in ExlService by 62.6% during the third quarter. Barclays PLC now owns 446,605 shares of the business services provider's stock valued at $17,040,000 after purchasing an additional 171,912 shares during the last quarter. Institutional investors and hedge funds own 92.92% of the company's stock.

ExlService Price Performance

Shares of EXLS stock traded down $0.59 during midday trading on Friday, reaching $44.89. 1,538,613 shares of the company were exchanged, compared to its average volume of 981,496. The company's 50 day moving average price is $46.92 and its two-hundred day moving average price is $45.70. 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 company has a market cap of $7.29 billion, a P/E ratio of 39.38, a PEG ratio of 2.11 and a beta of 0.91. ExlService Holdings, Inc. has a 12 month low of $28.59 and a 12 month high of $52.43.

ExlService (NASDAQ:EXLS - Get Free Report) last posted its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The business had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. On average, sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on EXLS shares. Jefferies Financial Group lifted their price target on shares of ExlService from $47.00 to $57.00 and gave the company a "buy" rating in a report on Tuesday, January 21st. StockNews.com cut ExlService from a "buy" rating to a "hold" rating in a research report on Monday, April 14th. Needham & Company LLC boosted their price objective on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a research report on Thursday, February 27th. Finally, Stifel Nicolaus increased their target price on ExlService from $48.00 to $54.00 and gave the stock a "buy" rating in a research report on Thursday, February 27th. 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, ExlService presently has a consensus rating of "Moderate Buy" and a consensus target price of $48.86.

Insiders Place Their Bets

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of ExlService 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 transaction, the executive vice president now owns 40,986 shares of the company's stock, valued at $2,110,779. The trade was a 28.31 % decrease in their position. The transaction was disclosed in a legal filing 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 sale, the chief financial officer now owns 194,440 shares of the company's stock, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 47,351 shares of company stock worth $2,337,284. Company insiders own 4.16% of the company's stock.

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.