Versor Investments LP Purchases 2,100 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Versor Investments LP raised its position in ExlService Holdings, Inc. (NASDAQ:EXLS) by 25.0% during the 4th quarter, HoldingsChannel.com reports. The firm owned 10,500 shares of the business services provider’s stock after purchasing an additional 2,100 shares during the period. Versor Investments LP’s holdings in ExlService were worth $466,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Algert Global LLC raised its position in ExlService by 18.0% in the 3rd quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock valued at $5,740,000 after buying an additional 22,970 shares during the last quarter. Quest Partners LLC grew its holdings in shares of ExlService by 196.8% in the 3rd quarter. Quest Partners LLC now owns 70,015 shares of the business services provider’s stock valued at $2,671,000 after acquiring an additional 46,422 shares in the last quarter. Eagle Asset Management Inc. grew its stake in ExlService by 4.3% in the third quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock valued at $27,163,000 after purchasing an additional 29,510 shares in the last quarter. Assetmark Inc. grew its stake in shares of ExlService by 107,991.3% in the third quarter. Assetmark Inc. now owns 24,861 shares of the business services provider’s stock valued at $948,000 after buying an additional 24,838 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of ExlService during the 3rd quarter worth about $1,543,000. 92.92% of the stock is currently owned by institutional investors.

ExlService Stock Up 0.0 %

NASDAQ:EXLS opened at $48.45 on Monday. 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 Holdings, Inc. has a one year low of $28.16 and a one year high of $52.43. The firm’s 50 day simple moving average is $48.13 and its 200 day simple moving average is $43.25. The company has a market cap of $7.79 billion, a PE ratio of 42.50, a P/E/G ratio of 2.11 and a beta of 1.03.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.08). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $481.43 million during the quarter, compared to analyst estimates of $475.68 million. On average, research analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on EXLS. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Stifel Nicolaus raised their target price on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday. Jefferies Financial Group upped their price objective on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. Finally, Needham & Company LLC raised their target price on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday. One analyst has rated the stock with a hold rating and eight 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 $47.38.

Insider Activity at ExlService

In other ExlService news, CFO Maurizio Nicolelli sold 13,753 shares of the stock in a transaction that occurred 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 owns 194,440 shares in the company, valued at approximately $9,554,781.60. This represents a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ajay Ayyappan sold 16,186 shares of the stock in a transaction on Monday, February 10th. The stock was sold at an average price of $51.50, for a total value of $833,579.00. Following the completion of the transaction, the executive vice president now owns 40,986 shares in the company, valued at approximately $2,110,779. This represents a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 34,928 shares of company stock worth $1,762,344 over the last quarter. Company insiders own 4.16% of the company’s stock.

About ExlService

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.