4,896 Shares in ExlService Holdings, Inc. (NASDAQ:EXLS) Bought by Balboa Wealth Partners

Balboa Wealth Partners acquired a new stake in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,896 shares of the business services provider’s stock, valued at approximately $217,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXLS. Handelsbanken Fonder AB lifted its holdings in ExlService by 313.9% during the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock valued at $97,400,000 after purchasing an additional 1,664,400 shares in the last quarter. Raymond James Financial Inc. purchased a new position in ExlService during the fourth quarter valued at $52,852,000. Loomis Sayles & Co. L P purchased a new position in ExlService during the third quarter valued at $17,198,000. Tredje AP fonden purchased a new position in ExlService during the fourth quarter valued at $9,320,000. Finally, Proficio Capital Partners LLC purchased a new position in ExlService during the fourth quarter valued at $8,682,000. 92.92% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at ExlService

In related news, EVP Anita Mahon sold 10,558 shares of the firm’s stock in a transaction dated Tuesday, March 11th. The stock was sold at an average price of $45.92, for a total transaction of $484,823.36. Following the completion of the transaction, the executive vice president now directly owns 94,443 shares in the company, valued at $4,336,822.56. This trade represents a 10.06 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Ajay Ayyappan sold 16,186 shares of the firm’s stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $51.50, for a total value of $833,579.00. Following the transaction, the executive vice president now owns 40,986 shares of the company’s stock, valued at $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 47,351 shares of company stock worth $2,337,284. 4.16% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on EXLS shares. Needham & Company LLC increased their price objective on shares of ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 27th. StockNews.com upgraded shares of ExlService from a “hold” rating to a “buy” rating in a research report on Sunday, February 2nd. Stifel Nicolaus increased their target price on shares of ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a research report on Thursday, February 27th. Finally, Jefferies Financial Group raised their price objective on shares of ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, ExlService presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.38.

ExlService Stock Performance

NASDAQ EXLS opened at $46.16 on Friday. The stock has a market cap of $7.49 billion, a PE ratio of 40.49, a P/E/G 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. The stock has a fifty day simple moving average of $48.48 and a 200-day simple moving average of $43.90.

ExlService (NASDAQ:EXLS) last released 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). The business had revenue of $481.43 million for the quarter, compared to analysts’ expectations of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. Equities analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share 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.