Proficio Capital Partners LLC Makes New Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Proficio Capital Partners LLC acquired a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the fourth quarter, according to its most recent disclosure with the SEC. The firm acquired 195,627 shares of the business services provider’s stock, valued at approximately $8,682,000. Proficio Capital Partners LLC owned 0.12% of ExlService at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Algert Global LLC lifted its position in ExlService by 18.0% during the 3rd quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock worth $5,740,000 after acquiring an additional 22,970 shares during the period. Quest Partners LLC raised its stake in shares of ExlService by 196.8% during the 3rd quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock worth $2,671,000 after buying an additional 46,422 shares in the last quarter. Eagle Asset Management Inc. raised its stake in shares of 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 buying an additional 29,510 shares in the last quarter. Assetmark Inc. raised its stake in shares of ExlService by 107,991.3% during the 3rd 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 purchased a new position in shares of ExlService during the 3rd quarter worth approximately $1,543,000. 92.92% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other ExlService news, EVP Anita Mahon sold 10,558 shares of the firm’s stock in a transaction on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $49.14, for a total value of $675,822.42. Following the sale, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,351 shares of company stock valued at $2,337,284. Corporate insiders own 4.16% of the company’s stock.

ExlService Stock Performance

NASDAQ EXLS opened at $46.16 on Friday. ExlService Holdings, Inc. has a 1-year low of $28.16 and a 1-year high of $52.43. The company has a market capitalization of $7.49 billion, a P/E ratio of 40.49, a PEG ratio of 2.11 and a beta of 1.10. The business has a 50 day moving average price of $48.51 and a 200 day moving average price of $44.02. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02.

ExlService (NASDAQ:EXLS) last released its quarterly 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). The company had revenue of $481.43 million for the quarter, compared to analysts’ expectations of $475.68 million. 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 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on EXLS shares. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Stifel Nicolaus increased their target price on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. 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. Finally, Needham & Company LLC raised 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. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.38.

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.