Choreo LLC Purchases Shares of 11,106 ExlService Holdings, Inc. (NASDAQ:EXLS)

Choreo LLC purchased a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,106 shares of the business services provider’s stock, valued at approximately $343,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. FinTrust Capital Advisors LLC acquired a new position in ExlService during the third quarter valued at $29,000. Public Employees Retirement System of Ohio boosted its stake in shares of ExlService by 439.5% in the third quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock worth $29,000 after buying an additional 857 shares during the last quarter. RiverPark Advisors LLC grew its holdings in ExlService by 65.2% during the fourth quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider’s stock worth $39,000 after acquiring an additional 503 shares during the period. Operose Advisors LLC purchased a new position in ExlService during the third quarter valued at approximately $38,000. Finally, GAMMA Investing LLC acquired a new position in ExlService in the fourth quarter valued at approximately $43,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Ajay Ayyappan sold 9,259 shares of the company’s stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total value of $292,491.81. Following the completion of the sale, the executive vice president now owns 50,693 shares of the company’s stock, valued at $1,601,391.87. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Vikas Bhalla sold 23,760 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total transaction of $748,677.60. Following the completion of the transaction, the executive vice president now owns 127,046 shares of the company’s stock, valued at approximately $4,003,219.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Ajay Ayyappan sold 9,259 shares of the business’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total value of $292,491.81. Following the completion of the sale, the executive vice president now directly owns 50,693 shares in the company, valued at approximately $1,601,391.87. The disclosure for this sale can be found here. 3.75% of the stock is currently owned by corporate insiders.

ExlService Stock Down 1.3 %

NASDAQ EXLS opened at $29.65 on Friday. The business has a fifty day moving average price of $30.54 and a 200 day moving average price of $29.83. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.08 and a current ratio of 2.08. The company has a market cap of $4.82 billion, a P/E ratio of 27.20, a P/E/G ratio of 1.52 and a beta of 1.00. ExlService Holdings, Inc. has a one year low of $25.17 and a one year high of $34.41.

ExlService (NASDAQ:EXLS) last issued its earnings results on Thursday, February 29th. The business services provider reported $0.26 EPS for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.01). The business had revenue of $414.06 million during the quarter, compared to analyst estimates of $408.56 million. ExlService had a net margin of 11.32% and a return on equity of 22.83%. Research analysts anticipate that ExlService Holdings, Inc. will post 1.3 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on EXLS. Wedbush reiterated a “neutral” rating and issued a $34.00 target price on shares of ExlService in a research note on Wednesday. Needham & Company LLC reiterated a “buy” rating and issued a $40.00 price objective on shares of ExlService in a research report on Friday. TD Cowen raised their target price on ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. StockNews.com downgraded ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. Finally, Citigroup cut their price objective on ExlService from $38.00 to $37.00 and set a “buy” rating for the company in a research report on Monday, April 22nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $36.14.

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.