Axxcess Wealth Management LLC Makes New $244,000 Investment in ExlService Holdings, Inc. (NASDAQ:EXLS)

Axxcess Wealth Management LLC acquired a new position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,491 shares of the business services provider’s stock, valued at approximately $244,000.

Several other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp boosted its position in shares of ExlService by 1.0% during the third quarter. State Street Corp now owns 5,837,311 shares of the business services provider’s stock worth $222,693,000 after buying an additional 59,196 shares during the period. Geode Capital Management LLC boosted its position in shares of ExlService by 3.6% during the third quarter. Geode Capital Management LLC now owns 4,326,511 shares of the business services provider’s stock worth $165,083,000 after buying an additional 149,856 shares during the period. Handelsbanken Fonder AB boosted its position in shares of ExlService by 313.9% during the fourth quarter. Handelsbanken Fonder AB now owns 2,194,690 shares of the business services provider’s stock worth $97,400,000 after buying an additional 1,664,400 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of ExlService by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,161,153 shares of the business services provider’s stock worth $82,448,000 after buying an additional 9,775 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of ExlService during the fourth quarter worth about $52,852,000. 92.92% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

ExlService Price Performance

NASDAQ:EXLS opened at $46.34 on Friday. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average price is $48.69 and its two-hundred day moving average price is $44.38. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of 40.65, a P/E/G ratio of 2.11 and a beta of 1.10. ExlService Holdings, Inc. has a 12-month low of $28.16 and a 12-month high of $52.43.

ExlService (NASDAQ:EXLS) last released its quarterly earnings data on Tuesday, February 25th. The business services provider reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current year.

Insider Transactions at ExlService

In other news, EVP Ajay Ayyappan sold 16,186 shares of the stock in a transaction that occurred on Monday, February 10th. The stock was sold at an average price of $51.50, for a total transaction of $833,579.00. Following the transaction, the executive vice president now owns 40,986 shares in the company, valued at approximately $2,110,779. This trade represents a 28.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Anita Mahon sold 10,558 shares of the 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 transaction, the executive vice president now owns 94,443 shares in the company, valued at approximately $4,336,822.56. This trade represents a 10.06 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,351 shares of company stock worth $2,337,284. Company 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.