EAM Global Investors LLC Invests $3.89 Million in ExlService Holdings, Inc. (NASDAQ:EXLS)

EAM Global Investors LLC purchased a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 87,610 shares of the business services provider’s stock, valued at approximately $3,888,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Mather Group LLC. acquired a new position in shares of ExlService in the fourth quarter worth about $25,000. Kestra Investment Management LLC acquired a new position in ExlService in the 4th quarter worth approximately $26,000. VisionPoint Advisory Group LLC acquired a new position in ExlService in the 4th quarter worth approximately $58,000. USA Financial Formulas purchased a new position in ExlService during the 4th quarter worth approximately $58,000. Finally, UMB Bank n.a. raised its stake in ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 288 shares during the period. Hedge funds and other institutional investors own 92.92% of the company’s stock.

Insider Transactions at ExlService

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction 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 sale, the chief financial officer now directly owns 194,440 shares in the company, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ajay Ayyappan sold 4,989 shares of the firm’s stock in a transaction on Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total transaction of $252,942.30. Following the completion of the transaction, the executive vice president now owns 40,986 shares in the company, valued at $2,077,990.20. The trade was a 10.85 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 47,351 shares of company stock worth $2,337,284. 4.16% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several analysts have recently commented on the company. Needham & Company LLC raised their target price on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a research report on Thursday, February 27th. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Monday. Jefferies Financial Group upped their price objective on shares of 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 boosted their price target on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.86.

ExlService Price Performance

NASDAQ EXLS opened at $45.89 on Wednesday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $7.45 billion, a PE ratio of 40.25, a price-to-earnings-growth ratio of 2.11 and a beta of 0.91. ExlService Holdings, Inc. has a 12-month low of $28.59 and a 12-month high of $52.43. The company has a 50 day moving average price of $47.29 and a two-hundred day moving average price of $45.51.

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

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.