Orion Portfolio Solutions LLC Increases Stock Holdings in ExlService Holdings, Inc. (NASDAQ:EXLS)

Orion Portfolio Solutions LLC increased its holdings in ExlService Holdings, Inc. (NASDAQ:EXLS) by 16.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,203 shares of the business services provider’s stock after buying an additional 4,052 shares during the period. Orion Portfolio Solutions LLC’s holdings in ExlService were worth $1,296,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new position in ExlService during the fourth quarter worth about $8,682,000. Smith Group Asset Management LLC raised its position in shares of 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 purchasing an additional 7,694 shares during the last quarter. Oak Ridge Investments LLC raised its position in shares of ExlService by 3.1% during the 4th quarter. Oak Ridge Investments LLC now owns 331,169 shares of the business services provider’s stock worth $14,697,000 after purchasing an additional 9,859 shares during the last quarter. MML Investors Services LLC lifted its stake in ExlService by 23.2% in the 3rd quarter. MML Investors Services LLC now owns 10,415 shares of the business services provider’s stock valued at $397,000 after buying an additional 1,959 shares in the last quarter. Finally, Barclays PLC grew its holdings in ExlService by 62.6% during the 3rd quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock valued at $17,040,000 after buying an additional 171,912 shares during the last quarter. 92.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

EXLS has been the subject of a number of analyst reports. Stifel Nicolaus boosted their price target on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Jefferies Financial Group boosted 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. Needham & Company LLC upped their target price on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, StockNews.com upgraded 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 seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $48.86.

ExlService Trading Down 7.0 %

Shares of EXLS stock opened at $42.86 on Friday. The firm’s 50-day simple moving average is $48.48 and its 200-day simple moving average is $45.07. 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 1-year low of $28.16 and a 1-year high of $52.43. The firm has a market cap of $6.96 billion, a P/E ratio of 37.60, a PEG ratio of 2.11 and a beta of 0.91.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings results on Tuesday, February 25th. The business services provider reported $0.34 earnings per share for the quarter, missing analysts’ consensus estimates 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. As a group, equities analysts forecast that ExlService Holdings, Inc. will post 1.27 EPS for the current year.

Insider Buying and Selling at ExlService

In related news, EVP Anita Mahon sold 10,558 shares of the company’s stock in a transaction on Tuesday, March 11th. The shares were sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the sale, the executive vice president now directly owns 94,443 shares of the company’s stock, valued at approximately $4,336,822.56. This represents a 10.06 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Maurizio Nicolelli sold 13,753 shares of the firm’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 in the company, valued at $9,554,781.60. This trade represents a 6.61 % decrease in their ownership of the stock. 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. Company insiders own 4.16% of the company’s stock.

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.