Concurrent Investment Advisors LLC Makes New $222,000 Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Concurrent Investment Advisors LLC acquired a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 4,996 shares of the business services provider’s stock, valued at approximately $222,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Chartwell Investment Partners LLC grew its position in ExlService by 0.8% in the 3rd quarter. Chartwell Investment Partners LLC now owns 31,353 shares of the business services provider’s stock valued at $1,196,000 after purchasing an additional 254 shares during the period. UMB Bank n.a. lifted its stake in shares of ExlService by 17.6% in the fourth 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. Dakota Wealth Management grew its holdings in shares of ExlService by 5.0% during the fourth quarter. Dakota Wealth Management now owns 6,497 shares of the business services provider’s stock valued at $288,000 after buying an additional 311 shares during the last quarter. Quantinno Capital Management LP increased its position in shares of ExlService by 2.3% during the third quarter. Quantinno Capital Management LP now owns 15,658 shares of the business services provider’s stock worth $597,000 after acquiring an additional 359 shares in the last quarter. Finally, Pathstone Holdings LLC raised its holdings in shares of ExlService by 0.8% in the 3rd quarter. Pathstone Holdings LLC now owns 49,950 shares of the business services provider’s stock worth $1,906,000 after acquiring an additional 405 shares during the last quarter. Institutional investors own 92.92% of the company’s stock.

ExlService Stock Performance

Shares of EXLS opened at $48.70 on Wednesday. The stock has a 50 day moving average of $47.89 and a 200 day moving average of $43.02. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of 42.72, a PEG ratio of 2.11 and a beta of 1.03. ExlService Holdings, Inc. has a 12 month low of $28.16 and a 12 month 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.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) 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%. As a group, sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Needham & Company LLC lifted their price target on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 31st. Jefferies Financial Group raised their target price on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Finally, Robert W. Baird raised their price objective on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $45.00.

Insider Buying and Selling

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction 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 directly owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The sale 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 firm’s stock in a transaction on Monday, February 10th. The stock was 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 directly owns 40,986 shares of the company’s stock, valued at $2,110,779. This represents 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 sold 34,928 shares of company stock worth $1,762,344. Insiders own 4.16% of the company’s stock.

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.