CIBC Asset Management Inc Acquires Shares of 5,129 ExlService Holdings, Inc. (NASDAQ:EXLS)

CIBC Asset Management Inc purchased a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 5,129 shares of the business services provider’s stock, valued at approximately $228,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Creative Planning increased its position in shares of ExlService by 70.7% during the third quarter. Creative Planning now owns 37,402 shares of the business services provider’s stock worth $1,427,000 after buying an additional 15,489 shares during the period. Private Advisor Group LLC raised its stake in ExlService by 7.8% during the third quarter. Private Advisor Group LLC now owns 10,218 shares of the business services provider’s stock worth $390,000 after buying an additional 742 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in ExlService by 5.1% during the third quarter. Wealth Enhancement Advisory Services LLC now owns 13,345 shares of the business services provider’s stock worth $509,000 after buying an additional 653 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of ExlService by 5.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 18,750 shares of the business services provider’s stock worth $715,000 after buying an additional 940 shares during the period. Finally, Smith Group Asset Management LLC grew its position in shares of ExlService by 2.3% during the 3rd quarter. Smith Group Asset Management LLC now owns 414,913 shares of the business services provider’s stock worth $15,829,000 after buying an additional 9,234 shares during the period. 92.92% of the stock is owned by institutional investors.

Insider Buying and Selling at ExlService

In related news, CFO Maurizio Nicolelli sold 13,753 shares of ExlService 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 sale, the chief financial officer now owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay Ayyappan sold 4,989 shares of ExlService stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total value of $252,942.30. Following the sale, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at $2,077,990.20. This represents a 10.85 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,928 shares of company stock valued at $1,762,344 in the last three months. Company insiders own 4.16% of the company’s stock.

ExlService Trading Up 1.0 %

NASDAQ:EXLS opened at $48.70 on Wednesday. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $7.83 billion, a PE ratio of 42.72, a price-to-earnings-growth ratio of 2.11 and a beta of 1.03. The firm’s 50 day moving average is $47.89 and its 200 day moving average is $43.02. ExlService Holdings, Inc. has a 12 month low of $28.16 and a 12 month high of $52.43.

ExlService (NASDAQ:EXLS) last posted its earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. Sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently commented on EXLS. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Needham & Company LLC increased their price target on ExlService from $40.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 31st. Jefferies Financial Group increased their price target on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. Finally, Robert W. Baird increased their price target on ExlService from $40.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, ExlService presently has an average rating of “Moderate Buy” and an average target price of $45.00.

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.