Sheaff Brock Investment Advisors LLC Buys 6,618 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Sheaff Brock Investment Advisors LLC lifted its stake in ExlService Holdings, Inc. (NASDAQ:EXLS) by 16.2% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 47,424 shares of the business services provider’s stock after purchasing an additional 6,618 shares during the quarter. Sheaff Brock Investment Advisors LLC’s holdings in ExlService were worth $1,508,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Public Employees Retirement System of Ohio boosted its stake in shares of ExlService by 439.5% in the third quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock valued at $29,000 after buying an additional 857 shares during the period. Principal Securities Inc. bought a new stake in shares of ExlService in the fourth quarter valued at approximately $34,000. Parallel Advisors LLC boosted its stake in shares of ExlService by 44.6% in the fourth quarter. Parallel Advisors LLC now owns 1,186 shares of the business services provider’s stock valued at $37,000 after buying an additional 366 shares during the period. Grayhawk Investment Strategies Inc. bought a new stake in shares of ExlService in the fourth quarter valued at approximately $42,000. Finally, GAMMA Investing LLC bought a new stake in shares of ExlService in the fourth quarter valued at approximately $43,000. 92.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

EXLS has been the subject of several research analyst reports. Citigroup boosted their price objective on shares of ExlService from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, July 12th. Wedbush upgraded shares of ExlService from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $34.00 to $40.00 in a research report on Wednesday, May 8th. TD Cowen boosted their price objective on shares of ExlService from $36.00 to $37.00 and gave the company an “outperform” rating in a research report on Tuesday, April 2nd. Finally, Needham & Company LLC restated a “buy” rating and set a $40.00 price objective on shares of ExlService in a research report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, ExlService presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.33.

ExlService Price Performance

Shares of NASDAQ:EXLS traded up $0.19 during trading on Friday, hitting $34.60. 684,916 shares of the company were exchanged, compared to its average volume of 969,983. The business’s 50 day moving average is $31.10 and its 200-day moving average is $30.88. The company has a market capitalization of $5.80 billion, a P/E ratio of 32.00, a price-to-earnings-growth ratio of 1.82 and a beta of 1.00. The company has a quick ratio of 2.54, a current ratio of 2.54 and a debt-to-equity ratio of 0.35. ExlService Holdings, Inc. has a 1-year low of $25.17 and a 1-year high of $34.96.

ExlService (NASDAQ:EXLS) last issued its quarterly earnings data on Thursday, May 2nd. The business services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.01. ExlService had a net margin of 10.92% and a return on equity of 23.13%. The company had revenue of $436.51 million for the quarter, compared to analysts’ expectations of $424.81 million. Equities analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Buying and Selling at ExlService

In other ExlService news, CFO Maurizio Nicolelli sold 12,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $30.66, for a total transaction of $367,920.00. Following the sale, the chief financial officer now owns 138,985 shares of the company’s stock, valued at $4,261,280.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Narasimha Kini sold 14,315 shares of the stock in a transaction dated Wednesday, July 17th. The shares were sold at an average price of $34.50, for a total transaction of $493,867.50. Following the transaction, the executive vice president now owns 164,723 shares of the company’s stock, valued at approximately $5,682,943.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Maurizio Nicolelli sold 12,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $30.66, for a total transaction of $367,920.00. Following the transaction, the chief financial officer now directly owns 138,985 shares in the company, valued at approximately $4,261,280.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 141,587 shares of company stock valued at $4,438,140. 3.75% of the stock is currently owned by insiders.

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.