Compass Ion Advisors LLC Purchases 4,450 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Compass Ion Advisors LLC boosted its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 20.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,163 shares of the business services provider’s stock after acquiring an additional 4,450 shares during the quarter. Compass Ion Advisors LLC’s holdings in ExlService were worth $832,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in EXLS. UBS Group AG lifted its stake in shares of ExlService by 187.7% in the 3rd quarter. UBS Group AG now owns 106,865 shares of the business services provider’s stock valued at $2,996,000 after acquiring an additional 69,720 shares during the last quarter. Citigroup Inc. boosted its stake in shares of ExlService by 5.5% during the third quarter. Citigroup Inc. now owns 27,943 shares of the business services provider’s stock valued at $784,000 after purchasing an additional 1,468 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of ExlService by 437.0% during the third quarter. PNC Financial Services Group Inc. now owns 16,165 shares of the business services provider’s stock worth $453,000 after purchasing an additional 13,155 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in shares of ExlService in the third quarter valued at approximately $278,000. Finally, Envestnet Asset Management Inc. raised its holdings in ExlService by 607.8% in the 3rd quarter. Envestnet Asset Management Inc. now owns 397,552 shares of the business services provider’s stock valued at $11,147,000 after buying an additional 341,382 shares during the last quarter. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXLS has been the subject of several analyst reports. TD Cowen raised their price target on shares of ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Tuesday, April 2nd. Citigroup cut their target price on ExlService from $38.00 to $37.00 and set a “buy” rating on the stock in a report on Monday, April 22nd. Wedbush raised ExlService from a “neutral” rating to an “outperform” rating and increased their price target for the company from $34.00 to $40.00 in a research note on Wednesday, May 8th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.00.

Insiders Place Their Bets

In related news, insider Vivek Jetley sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $30.28, for a total transaction of $121,120.00. Following the transaction, the insider now directly owns 333,847 shares of the company’s stock, valued at approximately $10,108,887.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Vivek Jetley sold 4,000 shares of ExlService stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $30.28, for a total value of $121,120.00. Following the completion of the sale, the insider now owns 333,847 shares of the company’s stock, valued at approximately $10,108,887.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Rohit Kapoor sold 36,847 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $31.07, for a total transaction of $1,144,836.29. Following the transaction, the chief executive officer now owns 1,549,588 shares in the company, valued at approximately $48,145,699.16. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,837 shares of company stock worth $3,469,418. 3.75% of the stock is currently owned by company insiders.

ExlService Stock Up 0.8 %

Shares of ExlService stock opened at $31.36 on Monday. The stock’s 50-day moving average is $29.99 and its 200 day moving average is $30.57. ExlService Holdings, Inc. has a one year low of $25.17 and a one year high of $33.40. The firm has a market cap of $5.25 billion, a price-to-earnings ratio of 28.98, a PEG ratio of 1.67 and a beta of 1.00. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.54 and a quick ratio of 2.54.

ExlService (NASDAQ:EXLS) last posted its quarterly earnings results on Thursday, May 2nd. The business services provider reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.01. The firm had revenue of $436.51 million for the quarter, compared to analysts’ expectations of $424.81 million. ExlService had a return on equity of 23.13% and a net margin of 10.92%. Equities research analysts anticipate that ExlService Holdings, Inc. will post 1.28 EPS for the current year.

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.