Atria Investments Inc Buys Shares of 4,783 ExlService Holdings, Inc. (NASDAQ:EXLS)

Atria Investments Inc purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 4,783 shares of the business services provider’s stock, valued at approximately $212,000.

Several other hedge funds have also made changes to their positions in EXLS. Algert Global LLC boosted its position in shares of ExlService by 18.0% during the third 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. Eagle Asset Management Inc. boosted its position in 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 acquiring an additional 29,510 shares during the period. Walleye Capital LLC acquired a new position in ExlService during the 3rd quarter worth $1,543,000. PEAK6 Investments LLC bought a new position in shares of ExlService in the third quarter worth $484,000. Finally, Smith Group Asset Management LLC increased its holdings in shares of ExlService by 1.9% during 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 purchasing an additional 7,694 shares during the period. Institutional investors own 92.92% of the company’s stock.

ExlService Trading Up 0.1 %

Shares of NASDAQ:EXLS opened at $46.64 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 $7.57 billion, a PE ratio of 40.91, a P/E/G ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $52.43. The firm has a fifty day moving average price of $48.60 and a 200 day moving average price of $44.22.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 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 for the quarter, compared to analyst estimates of $475.68 million. Analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insider Activity at ExlService

In other news, EVP Ajay Ayyappan sold 16,186 shares of ExlService stock in a transaction dated Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $2,110,779. The trade was a 28.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of ExlService 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 completion of the transaction, the executive vice president now directly owns 94,443 shares in the company, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,351 shares of company stock worth $2,337,284. 4.16% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Stifel Nicolaus upped their price target on shares of 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 raised their price objective on shares of 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 boosted 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. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $47.38.

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.