Arcadia Investment Management Corp MI Invests $123,000 in ExlService Holdings, Inc. (NASDAQ:EXLS)

Arcadia Investment Management Corp MI acquired a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,764 shares of the business services provider’s stock, valued at approximately $123,000.

Several other institutional investors have also recently modified their holdings of EXLS. Mather Group LLC. purchased a new position in ExlService during the fourth quarter valued at approximately $25,000. Kestra Investment Management LLC purchased a new position in ExlService during the fourth quarter valued at approximately $26,000. Ashton Thomas Securities LLC purchased a new position in ExlService during the third quarter valued at approximately $27,000. Huntington National Bank raised its position in ExlService by 2,827.5% during the third quarter. Huntington National Bank now owns 1,171 shares of the business services provider’s stock valued at $45,000 after acquiring an additional 1,131 shares in the last quarter. Finally, USA Financial Formulas purchased a new position in ExlService during the fourth quarter valued at approximately $58,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Stock Performance

Shares of NASDAQ:EXLS opened at $50.43 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The business’s 50 day moving average price is $47.75 and its 200-day moving average price is $42.60. The firm has a market capitalization of $8.11 billion, a PE ratio of 44.24, a P/E/G ratio of 2.17 and a beta of 1.03. ExlService Holdings, Inc. has a 1 year low of $28.16 and a 1 year high of $52.43.

Analyst Upgrades and Downgrades

EXLS has been the subject of several recent research reports. Jefferies Financial Group lifted their price target on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research report on Tuesday, January 21st. Robert W. Baird lifted their price target on ExlService from $40.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, October 31st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Finally, Needham & Company LLC boosted their price objective on ExlService from $40.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 31st. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $45.00.

Insider Transactions at ExlService

In other ExlService news, EVP Ajay Ayyappan sold 16,186 shares of the business’s stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the transaction, the executive vice president now owns 40,986 shares of the company’s stock, 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 filing with the SEC, which is accessible through the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of the business’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 transaction, the chief financial officer now directly 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. Corporate insiders own 4.16% of the company’s stock.

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.