Janney Montgomery Scott LLC Has $987,000 Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Janney Montgomery Scott LLC grew its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 7.6% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,231 shares of the business services provider’s stock after buying an additional 1,571 shares during the quarter. Janney Montgomery Scott LLC’s holdings in ExlService were worth $987,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in EXLS. Algert Global LLC grew its position in ExlService by 18.0% in the third quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock valued at $5,740,000 after acquiring an additional 22,970 shares during the last quarter. Quest Partners LLC boosted its position in ExlService by 196.8% in the third quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock valued at $2,671,000 after buying an additional 46,422 shares in the last quarter. Eagle Asset Management Inc. grew its stake in shares of ExlService by 4.3% during the third 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 last quarter. Assetmark Inc. increased its holdings in shares of ExlService by 107,991.3% during the third 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 in the last quarter. Finally, Walleye Capital LLC bought a new position in shares of ExlService in the 3rd quarter valued at $1,543,000. 92.92% of the stock is currently owned by institutional investors.

ExlService Trading Up 2.1 %

EXLS opened at $51.72 on Thursday. The company has a fifty day moving average price of $46.67 and a two-hundred day moving average price of $41.36. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $51.84. The company has a market cap of $8.32 billion, a P/E ratio of 45.37, a price-to-earnings-growth ratio of 2.10 and a beta of 1.03. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37.

Insider Buying and Selling

In other ExlService news, Director Jaynie M. Studenmund sold 3,645 shares of the business’s stock in a transaction that occurred on Tuesday, November 19th. The stock was sold at an average price of $44.05, for a total transaction of $160,562.25. Following the completion of the sale, the director now directly owns 14,580 shares of the company’s stock, valued at approximately $642,249. The trade was a 20.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Maurizio Nicolelli sold 13,753 shares of the firm’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 owns 194,440 shares in the company, valued at $9,554,781.60. This represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 217,398 shares of company stock valued at $10,089,385. 4.16% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Jefferies Financial Group upped their target price on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Sunday. Citigroup raised their price target on shares of ExlService from $38.00 to $46.00 and gave the company a “buy” rating in a research note on Monday, October 14th. Needham & Company LLC raised their target price on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 31st. Finally, Robert W. Baird increased their price target on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research note on Thursday, October 31st. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

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.