New Age Alpha Advisors LLC Takes $648,000 Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

New Age Alpha Advisors LLC purchased a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 14,605 shares of the business services provider’s stock, valued at approximately $648,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Walleye Capital LLC purchased a new stake in ExlService in the third quarter valued at $1,543,000. PEAK6 Investments LLC purchased a new stake in ExlService in the 3rd quarter valued at about $484,000. Proficio Capital Partners LLC acquired a new position in ExlService in the fourth quarter valued at about $8,682,000. Smith Group Asset Management LLC lifted its position 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. Finally, BNP Paribas Financial Markets increased its position in shares of ExlService by 28.0% during the third quarter. BNP Paribas Financial Markets now owns 230,410 shares of the business services provider’s stock valued at $8,790,000 after acquiring an additional 50,399 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

EXLS has been the topic of several recent analyst reports. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Stifel Nicolaus upped their price target on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Needham & Company LLC lifted their price objective on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. Finally, Jefferies Financial Group increased their target price on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. One research 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $47.38.

ExlService Stock Up 0.9 %

Shares of NASDAQ EXLS opened at $47.21 on Tuesday. The stock has a market cap of $7.66 billion, a P/E ratio of 41.41, a PEG ratio of 2.11 and a beta of 1.10. The business’s fifty day simple moving average is $48.74 and its 200-day simple moving average is $44.91. 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 posted its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.08). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. As a group, equities analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Buying and Selling

In other news, EVP Anita Mahon sold 10,558 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the sale, the executive vice president now owns 94,443 shares of the company’s stock, valued at approximately $4,336,822.56. This trade represents a 10.06 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of the company’s 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 transaction, the chief financial officer now directly owns 194,440 shares of the company’s stock, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 47,351 shares of company stock worth $2,337,284 over the last 90 days. 4.16% of the stock is owned by insiders.

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.