PharVision Advisers LLC Makes New Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

PharVision Advisers LLC bought a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 21,104 shares of the business services provider’s stock, valued at approximately $937,000. ExlService makes up about 0.8% of PharVision Advisers LLC’s investment portfolio, making the stock its largest position.

Other institutional investors also recently made changes to their positions in the company. Mather Group LLC. acquired a new position in ExlService in the 4th quarter valued at about $25,000. Kestra Investment Management LLC acquired a new position in shares of ExlService during the 4th quarter valued at about $26,000. Morse Asset Management Inc acquired a new position in shares of ExlService during the 4th quarter valued at about $49,000. VisionPoint Advisory Group LLC acquired a new position in shares of ExlService during the 4th quarter valued at about $58,000. Finally, Johnson Financial Group Inc. acquired a new position in shares of ExlService during the 4th quarter valued at about $85,000. 92.92% of the stock is currently owned by hedge funds and other institutional investors.

ExlService Stock Performance

ExlService stock opened at $46.38 on Wednesday. The stock has a market cap of $7.55 billion, a P/E ratio of 40.68, a price-to-earnings-growth ratio of 2.11 and a beta of 0.86. 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 50 day moving average of $45.68 and a 200-day moving average of $46.58. ExlService Holdings, Inc. has a 52 week low of $28.59 and a 52 week high of $52.43.

ExlService (NASDAQ:EXLS) last released its earnings results on Tuesday, April 29th. The business services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.45 by $0.03. The company had revenue of $501.02 million during the quarter, compared to analysts’ expectations of $489.66 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business’s revenue was up 14.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.38 EPS. On average, analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Analysts Set New Price Targets

EXLS has been the subject of a number of research reports. 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. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a report on Friday, May 9th. JPMorgan Chase & Co. boosted their target price on ExlService from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Stifel Nicolaus boosted their target price on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Finally, Needham & Company LLC increased their price objective on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $52.33.

Insider Buying and Selling

In other ExlService news, EVP Ajay Ayyappan sold 1,865 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was sold at an average price of $48.32, for a total value of $90,116.80. Following the sale, the executive vice president now directly owns 40,986 shares in the company, valued at approximately $1,980,443.52. This trade represents a 4.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Jaynie M. Studenmund sold 14,580 shares of the firm’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $47.53, for a total value of $692,987.40. The disclosure for this sale can be found here. Insiders have sold 52,003 shares of company stock worth $2,420,678 over the last ninety days. 4.04% of the stock is owned by insiders.

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.