Tredje AP fonden Purchases New Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Tredje AP fonden bought a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 210,000 shares of the business services provider's stock, valued at approximately $9,320,000. Tredje AP fonden owned 0.13% of ExlService as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of EXLS. Janney Montgomery Scott LLC lifted its holdings in ExlService by 46.1% during the third quarter. Janney Montgomery Scott LLC now owns 20,660 shares of the business services provider's stock worth $788,000 after buying an additional 6,519 shares during the period. Assetmark Inc. lifted its holdings in shares of ExlService by 107,991.3% during the 3rd quarter. Assetmark Inc. now owns 24,861 shares of the business services provider's stock valued at $948,000 after purchasing an additional 24,838 shares during the last quarter. Ashton Thomas Securities LLC purchased a new stake in shares of ExlService during the 3rd quarter valued at $27,000. Versor Investments LP purchased a new stake in shares of ExlService during the 3rd quarter valued at $320,000. Finally, Entropy Technologies LP purchased a new stake in shares of ExlService during the 3rd quarter valued at $363,000. Hedge funds and other institutional investors own 92.92% of the company's stock.

ExlService Stock Performance

EXLS traded up $0.75 during midday trading on Friday, hitting $46.16. 1,035,953 shares of the company were exchanged, compared to its average volume of 1,102,113. The company's 50 day simple moving average is $48.51 and its 200 day simple moving average is $44.02. The firm has a market capitalization of $7.49 billion, a price-to-earnings ratio of 40.49, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. 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 Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $52.43.

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ExlService (NASDAQ:EXLS - Get Free Report) last announced its quarterly earnings results 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). The company 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%. As a group, sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insiders Place Their Bets

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total transaction of $675,822.42. Following the sale, the chief financial officer now directly owns 194,440 shares of the company's stock, valued at $9,554,781.60. This represents a 6.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ajay Ayyappan sold 16,186 shares of the 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 sale, the executive vice president now directly 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. In the last three months, insiders have sold 47,351 shares of company stock valued at $2,337,284. Company insiders own 4.16% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on EXLS. Stifel Nicolaus increased their price objective on ExlService from $48.00 to $54.00 and gave the company a "buy" rating in a report on Thursday, February 27th. Needham & Company LLC increased their price objective on ExlService from $50.00 to $60.00 and gave the company a "buy" rating in a report 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 upped their target price on ExlService from $47.00 to $57.00 and gave the company 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 assigned a buy rating to the company's stock. According to data from MarketBeat.com, ExlService currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.38.

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.