Raymond James Financial Inc. Purchases New Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Raymond James Financial Inc. acquired a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 1,190,885 shares of the business services provider’s stock, valued at approximately $52,852,000.

Several other institutional investors also recently modified their holdings of EXLS. Vanguard Group Inc. lifted its position in ExlService by 1.4% in the fourth quarter. Vanguard Group Inc. now owns 15,771,191 shares of the business services provider’s stock worth $699,925,000 after purchasing an additional 215,485 shares during the period. FMR LLC raised its stake in shares of ExlService by 39.4% in the 4th quarter. FMR LLC now owns 9,364,312 shares of the business services provider’s stock valued at $415,588,000 after buying an additional 2,647,937 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of ExlService by 3.6% during the 3rd quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock worth $165,083,000 after acquiring an additional 149,856 shares during the period. Norges Bank acquired a new stake in shares of ExlService during the 4th quarter valued at about $106,452,000. Finally, Handelsbanken Fonder AB boosted its position in shares of ExlService by 313.9% during the 4th quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock valued at $97,400,000 after acquiring an additional 1,664,400 shares in the last quarter. Institutional investors and hedge funds own 92.92% of the company’s stock.

ExlService Stock Up 1.2 %

Shares of EXLS opened at $45.47 on Tuesday. The business’s 50 day simple moving average is $47.41 and its 200-day simple moving average is $45.51. ExlService Holdings, Inc. has a one year low of $28.59 and a one year high of $52.43. The company has a market capitalization of $7.38 billion, a P/E ratio of 39.89, a PEG ratio of 2.11 and a beta of 0.91. 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 announced its earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a return on equity of 23.23% and a net margin of 10.61%. The business had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. As a group, sell-side analysts predict that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the transaction, the chief financial officer now owns 194,440 shares in the company, valued at $9,554,781.60. The trade was a 6.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Ajay Ayyappan sold 1,865 shares of the stock in a transaction on Friday, February 28th. The shares were sold at an average price of $48.32, for a total value of $90,116.80. Following the completion of the transaction, the executive vice president now owns 40,986 shares in the company, valued at $1,980,443.52. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 47,351 shares of company stock valued at $2,337,284 in the last 90 days. 4.16% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of brokerages have commented on EXLS. Needham & Company LLC raised their price target on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. StockNews.com downgraded ExlService from a “buy” rating to a “hold” rating in a research report on Monday. Jefferies Financial Group boosted their price target on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus increased their price objective on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $48.86.

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.