Florida Financial Advisors LLC Invests $250,000 in ExlService Holdings, Inc. (NASDAQ:EXLS)

Florida Financial Advisors LLC bought a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,300 shares of the business services provider’s stock, valued at approximately $250,000.

Several other institutional investors have also recently made changes to their positions in the company. Morse Asset Management Inc bought a new stake in ExlService during the 4th quarter valued at about $49,000. Johnson Financial Group Inc. bought a new stake in ExlService during the 4th quarter valued at about $85,000. Fifth Third Bancorp lifted its holdings in ExlService by 35.2% during the 1st quarter. Fifth Third Bancorp now owns 2,131 shares of the business services provider’s stock valued at $101,000 after buying an additional 555 shares in the last quarter. Exchange Traded Concepts LLC bought a new stake in ExlService during the 1st quarter valued at about $102,000. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in ExlService during the 4th quarter valued at about $99,000. Institutional investors own 92.92% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on EXLS shares. Wall Street Zen raised shares of ExlService from a “hold” rating to a “buy” rating in a research report on Friday, May 9th. JPMorgan Chase & Co. raised their target price on shares of ExlService from $52.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Finally, Needham & Company LLC reissued a “buy” rating and set a $55.00 target price on shares of ExlService in a research report on Tuesday, June 3rd. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, ExlService has an average rating of “Moderate Buy” and a consensus price target of $51.50.

Insider Buying and Selling

In other ExlService news, insider Vikas Bhalla sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 8th. The shares were sold at an average price of $46.11, for a total transaction of $1,152,750.00. Following the sale, the insider owned 135,046 shares of the company’s stock, valued at approximately $6,226,971.06. The trade was a 15.62% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jaynie M. Studenmund sold 14,580 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $47.53, for a total transaction of $692,987.40. The disclosure for this sale can be found here. 4.04% of the stock is owned by insiders.

ExlService Stock Up 1.7%

Shares of ExlService stock opened at $43.03 on Tuesday. The firm’s 50 day moving average price is $45.83 and its 200-day moving average price is $46.62. The company has a quick ratio of 3.41, a current ratio of 3.41 and a debt-to-equity ratio of 0.30. ExlService Holdings, Inc. has a 52-week low of $31.87 and a 52-week high of $52.43. The company has a market cap of $7.00 billion, a P/E ratio of 32.60, a PEG ratio of 1.93 and a beta of 0.80.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Tuesday, April 29th. The business services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. ExlService had a net margin of 11.36% and a return on equity of 25.11%. The firm had revenue of $501.02 million for the quarter, compared to the consensus estimate of $489.66 million. During the same quarter in the previous year, the firm earned $0.38 EPS. The company’s quarterly revenue was up 14.8% compared to the same quarter last year. On average, sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

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.