Morse Asset Management Inc Buys Shares of 1,110 ExlService Holdings, Inc. (NASDAQ:EXLS)

Morse Asset Management Inc bought a new position in ExlService Holdings, Inc. (NASDAQ:EXLS) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,110 shares of the business services provider’s stock, valued at approximately $49,000.

A number of other large investors also recently modified their holdings of EXLS. Proficio Capital Partners LLC acquired a new position in shares of ExlService during the 4th quarter worth $8,682,000. Smith Group Asset Management LLC boosted its stake in ExlService by 1.9% during the fourth quarter. Smith Group Asset Management LLC now owns 422,607 shares of the business services provider’s stock valued at $18,755,000 after buying an additional 7,694 shares during the period. Oak Ridge Investments LLC lifted its stake in ExlService by 3.1% during the fourth 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. Barclays PLC increased its stake in ExlService by 62.6% in the 3rd quarter. Barclays PLC now owns 446,605 shares of the business services provider’s stock worth $17,040,000 after purchasing an additional 171,912 shares during the period. Finally, KBC Group NV increased its stake in shares of ExlService by 29.8% during the fourth quarter. KBC Group NV now owns 6,583 shares of the business services provider’s stock valued at $292,000 after buying an additional 1,512 shares during the period. 92.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Ajay Ayyappan sold 4,989 shares of the firm’s stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $50.70, for a total value of $252,942.30. Following the sale, the executive vice president now directly owns 40,986 shares of the company’s stock, valued at $2,077,990.20. This trade represents a 10.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Anita Mahon sold 10,558 shares of ExlService 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 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. In the last ninety days, insiders sold 56,992 shares of company stock worth $2,673,620. 4.16% of the stock is currently owned by corporate insiders.

ExlService Stock Up 0.0%

ExlService stock opened at $46.86 on Wednesday. The firm’s fifty day simple moving average is $45.68 and its 200-day simple moving average is $46.39. ExlService Holdings, Inc. has a 1-year low of $28.59 and a 1-year high of $52.43. The company has a current ratio of 3.02, a quick ratio of 3.02 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $7.62 billion, a P/E ratio of 41.11, a P/E/G ratio of 2.11 and a beta of 0.86.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, April 29th. The business services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.45 by $0.03. ExlService had a net margin of 10.61% and a return on equity of 23.23%. The company had revenue of $501.02 million during the quarter, compared to the consensus estimate of $489.66 million. During the same period in the previous year, the firm posted $0.38 earnings per share. The company’s revenue was up 14.8% on a year-over-year basis. Sell-side analysts forecast that ExlService Holdings, Inc. will post 1.27 earnings per share for the current fiscal year.

Analysts Set New Price Targets

EXLS has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their target price on ExlService from $52.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. StockNews.com upgraded ExlService from a “hold” rating to a “buy” rating in a report on Friday, May 9th. Needham & Company LLC upped their target price on ExlService from $50.00 to $60.00 and gave the stock a “buy” rating in a report on Thursday, February 27th. Jefferies Financial Group boosted their target price on ExlService from $47.00 to $57.00 and gave the stock a “buy” rating in a research note on Tuesday, January 21st. Finally, Stifel Nicolaus upped their target price on 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 six have given a buy rating to the stock. According to data from MarketBeat.com, ExlService presently has an average rating of “Moderate Buy” and an average target price of $52.33.

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.