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

Tredje AP fonden acquired a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the 4th quarter, Holdings Channel.com reports. The firm acquired 210,000 shares of the business services provider’s stock, valued at approximately $9,320,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Algert Global LLC grew its position in shares of ExlService by 18.0% during the 3rd quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock worth $5,740,000 after buying an additional 22,970 shares during the period. Quest Partners LLC grew its position in shares of ExlService by 196.8% during the 3rd quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock worth $2,671,000 after buying an additional 46,422 shares during the period. Eagle Asset Management Inc. grew its position in shares of ExlService by 4.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock worth $27,163,000 after buying an additional 29,510 shares during the period. Assetmark Inc. grew its position 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 worth $948,000 after buying an additional 24,838 shares during the period. Finally, Walleye Capital LLC acquired a new position in shares of ExlService during the 3rd quarter worth about $1,543,000. 92.92% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Ajay Ayyappan sold 16,186 shares of the company’s stock in a transaction that occurred on 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 owns 40,986 shares in the company, valued at $2,110,779. This represents a 28.31 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Anita Mahon sold 10,558 shares of the company’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the sale, the executive vice president now owns 94,443 shares in the company, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,351 shares of company stock valued at $2,337,284 in the last quarter. 4.16% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Jefferies Financial Group boosted their target price on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Needham & Company LLC boosted their target price on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Finally, Stifel Nicolaus boosted their price objective on ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.38.

ExlService Price Performance

Shares of EXLS opened at $45.41 on Friday. ExlService Holdings, Inc. has a 52-week low of $28.16 and a 52-week high of $52.43. 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 50 day simple moving average of $48.46 and a 200 day simple moving average of $43.89. The firm has a market capitalization of $7.37 billion, a PE ratio of 39.83, a P/E/G ratio of 2.11 and a beta of 1.10.

ExlService (NASDAQ:EXLS) last released its quarterly earnings results 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). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The firm had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. Sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal 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.