8,963 Shares in ExlService Holdings, Inc. (NASDAQ:EXLS) Purchased by Aviva PLC

Aviva PLC acquired a new stake in ExlService Holdings, Inc. (NASDAQ:EXLS) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,963 shares of the business services provider’s stock, valued at approximately $398,000.

A number of other hedge funds also recently made changes to their positions in the business. Wells Fargo & Company MN raised its position in shares of ExlService by 32.8% in the fourth quarter. Wells Fargo & Company MN now owns 398,886 shares of the business services provider’s stock valued at $17,703,000 after purchasing an additional 98,493 shares during the period. Integrated Quantitative Investments LLC bought a new position in ExlService in the 4th quarter valued at about $841,000. ExodusPoint Capital Management LP raised its holdings in ExlService by 34.0% in the 4th quarter. ExodusPoint Capital Management LP now owns 78,958 shares of the business services provider’s stock valued at $3,504,000 after acquiring an additional 20,039 shares during the period. Nicolet Advisory Services LLC lifted its position in ExlService by 10.8% during the fourth quarter. Nicolet Advisory Services LLC now owns 24,122 shares of the business services provider’s stock worth $1,088,000 after acquiring an additional 2,348 shares during the last quarter. Finally, Huntington National Bank boosted its holdings in shares of ExlService by 94.9% during the fourth quarter. Huntington National Bank now owns 2,282 shares of the business services provider’s stock worth $101,000 after acquiring an additional 1,111 shares during the period. 92.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on EXLS shares. Jefferies Financial Group lifted their price target on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a report on Tuesday, January 21st. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. Needham & Company LLC upped their price target 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. Finally, Stifel Nicolaus lifted their price objective on shares of ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. One investment analyst has rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $48.86.

ExlService Price Performance

EXLS stock opened at $44.94 on Friday. The company’s 50-day moving average price is $47.53 and its two-hundred day moving average price is $45.40. The firm has a market cap of $7.29 billion, a P/E ratio of 39.42, a P/E/G ratio of 2.11 and a beta of 0.91. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.37. ExlService Holdings, Inc. has a 12 month low of $28.59 and a 12 month high of $52.43.

ExlService (NASDAQ:EXLS) last announced its quarterly earnings data 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). ExlService had a net margin of 10.61% and a return on equity of 23.23%. The firm had revenue of $481.43 million during the quarter, compared to the consensus estimate of $475.68 million. On average, analysts anticipate that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Insider Transactions at ExlService

In related news, EVP Ajay Ayyappan sold 1,865 shares of the company’s stock in a transaction that occurred on Friday, February 28th. The shares were sold at an average price of $48.32, for a total transaction of $90,116.80. Following the completion of the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at $1,980,443.52. This represents a 4.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Anita Mahon sold 10,558 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 94,443 shares of the company’s stock, 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. In the last quarter, insiders sold 47,351 shares of company stock valued at $2,337,284. 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.