Cibc World Markets Corp Purchases New Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

Cibc World Markets Corp purchased a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 14,711 shares of the business services provider’s stock, valued at approximately $653,000.

Other hedge funds have also recently bought and sold shares of the company. Algert Global LLC raised its holdings in ExlService by 18.0% during the 3rd quarter. Algert Global LLC now owns 150,460 shares of the business services provider’s stock worth $5,740,000 after buying an additional 22,970 shares during the period. Eagle Asset Management Inc. raised its holdings in ExlService by 4.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 711,995 shares of the business services provider’s stock worth $27,163,000 after buying an additional 29,510 shares during the period. Walleye Capital LLC acquired a new stake in ExlService during the 3rd quarter worth approximately $1,543,000. PEAK6 Investments LLC acquired a new stake in ExlService during the 3rd quarter worth approximately $484,000. Finally, Smith Group Asset Management LLC raised its holdings in ExlService by 1.9% during the 4th quarter. Smith Group Asset Management LLC now owns 422,607 shares of the business services provider’s stock worth $18,755,000 after buying an additional 7,694 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

EXLS has been the topic of a number of recent research reports. Stifel Nicolaus lifted their price objective on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Needham & Company LLC raised their target price on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a research note on Thursday, February 27th. StockNews.com raised shares of ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Finally, Jefferies Financial Group raised their target price 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. One research analyst has rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $47.38.

Insider Activity

In related news, EVP Anita Mahon sold 10,558 shares of the business’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total value of $484,823.36. Following the completion of the transaction, the executive vice president now owns 94,443 shares of the company’s stock, valued at $4,336,822.56. The trade was a 10.06 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction dated 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 directly owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. This trade represents a 6.61 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is owned by company insiders.

ExlService Trading Down 0.2 %

EXLS stock opened at $46.34 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The company has a fifty day moving average price of $48.69 and a two-hundred day moving average price of $44.38. ExlService Holdings, Inc. has a one year low of $28.16 and a one year high of $52.43. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 40.65, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10.

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

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.