12,267 Shares in ExlService Holdings, Inc. (NASDAQ:EXLS) Purchased by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd purchased a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 12,267 shares of the business services provider’s stock, valued at approximately $544,000.

A number of other hedge funds have also bought and sold shares of the company. Xponance Inc. grew its stake in ExlService by 8.5% in the fourth quarter. Xponance Inc. now owns 23,360 shares of the business services provider’s stock worth $1,037,000 after purchasing an additional 1,835 shares in the last quarter. Intech Investment Management LLC lifted its holdings in ExlService by 95.2% in the fourth quarter. Intech Investment Management LLC now owns 61,107 shares of the business services provider’s stock worth $2,712,000 after acquiring an additional 29,803 shares during the last quarter. Kensington Investment Counsel LLC lifted its holdings in ExlService by 0.7% in the fourth quarter. Kensington Investment Counsel LLC now owns 39,207 shares of the business services provider’s stock worth $1,740,000 after acquiring an additional 282 shares during the last quarter. Axxcess Wealth Management LLC bought a new position in ExlService in the fourth quarter worth about $244,000. Finally, Cibc World Markets Corp bought a new position in ExlService in the fourth quarter worth about $653,000. 92.92% of the stock is currently owned by institutional investors and hedge funds.

ExlService Stock Performance

EXLS opened at $46.43 on Friday. The business’s 50 day moving average is $48.67 and its 200-day moving average is $44.26. The stock has a market cap of $7.54 billion, a PE ratio of 40.73, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $52.43.

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 firm had revenue of $481.43 million for the quarter, compared to the consensus estimate of $475.68 million. On average, analysts predict that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on EXLS. Needham & Company LLC raised their target price on shares of ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Jefferies Financial Group raised their target price on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. 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, February 27th. Finally, StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. One research analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $47.38.

Insider Buying and Selling

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 stock was sold at an average price of $49.14, for a total transaction of $675,822.42. Following the sale, the chief financial officer now owns 194,440 shares of the company’s stock, valued at $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Anita Mahon sold 10,558 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the sale, the executive vice president now directly owns 94,443 shares in the company, valued at approximately $4,336,822.56. The trade was a 10.06 % decrease in their position. 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 over the last quarter. Corporate 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.