Pacer Advisors Inc. Purchases 5,457 Shares of ExlService Holdings, Inc. (NASDAQ:EXLS)

Pacer Advisors Inc. boosted its position in ExlService Holdings, Inc. (NASDAQ:EXLSFree Report) by 28.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,784 shares of the business services provider’s stock after purchasing an additional 5,457 shares during the period. Pacer Advisors Inc.’s holdings in ExlService were worth $765,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. FinTrust Capital Advisors LLC bought a new stake in ExlService in the third quarter worth about $29,000. Public Employees Retirement System of Ohio increased its position in shares of ExlService by 439.5% during the third quarter. Public Employees Retirement System of Ohio now owns 1,052 shares of the business services provider’s stock worth $29,000 after acquiring an additional 857 shares during the period. Operose Advisors LLC purchased a new position in shares of ExlService during the third quarter worth approximately $38,000. RiverPark Advisors LLC increased its position in shares of ExlService by 65.2% during the fourth quarter. RiverPark Advisors LLC now owns 1,274 shares of the business services provider’s stock worth $39,000 after acquiring an additional 503 shares during the period. Finally, Fifth Third Bancorp increased its position in shares of ExlService by 944.3% during the third quarter. Fifth Third Bancorp now owns 1,556 shares of the business services provider’s stock worth $44,000 after acquiring an additional 1,407 shares during the period. Institutional investors own 92.92% of the company’s stock.

Insiders Place Their Bets

In other ExlService news, EVP Ajay Ayyappan sold 9,259 shares of ExlService stock in a transaction on Tuesday, March 12th. The shares were sold at an average price of $31.59, for a total value of $292,491.81. Following the transaction, the executive vice president now directly owns 50,693 shares of the company’s stock, valued at $1,601,391.87. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Vikas Bhalla sold 23,760 shares of ExlService stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $31.51, for a total transaction of $748,677.60. Following the completion of the sale, the executive vice president now directly owns 127,046 shares in the company, valued at $4,003,219.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ajay Ayyappan sold 9,259 shares of ExlService stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $31.59, for a total transaction of $292,491.81. Following the sale, the executive vice president now owns 50,693 shares of the company’s stock, valued at $1,601,391.87. The disclosure for this sale can be found here. Corporate insiders own 3.75% of the company’s stock.

ExlService Stock Performance

Shares of EXLS stock opened at $31.04 on Thursday. The firm has a market cap of $5.15 billion, a price-to-earnings ratio of 28.37, a PEG ratio of 1.64 and a beta of 0.97. The company’s 50 day moving average is $31.12 and its 200 day moving average is $29.67. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.15. ExlService Holdings, Inc. has a 52-week low of $25.17 and a 52-week high of $35.94.

ExlService (NASDAQ:EXLSGet Free Report) last issued its quarterly earnings data on Thursday, February 29th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.01). ExlService had a net margin of 11.32% and a return on equity of 22.83%. The business had revenue of $414.06 million for the quarter, compared to analysts’ expectations of $408.56 million. On average, sell-side analysts anticipate that ExlService Holdings, Inc. will post 1.3 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $40.00 target price on shares of ExlService in a research report on Friday, March 1st. StockNews.com lowered shares of ExlService from a “buy” rating to a “hold” rating in a research report on Thursday, February 29th. TD Cowen raised their target price on shares of ExlService from $36.00 to $37.00 and gave the stock an “outperform” rating in a research report on Tuesday. Wedbush reaffirmed a “neutral” rating and set a $34.00 target price on shares of ExlService in a research report on Thursday, December 14th. Finally, Citigroup raised shares of ExlService from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $29.00 to $36.00 in a report on Wednesday, January 17th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $36.00.

Check Out Our Latest Stock Report on ExlService

About ExlService

(Free Report)

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.

See Also

Institutional Ownership by Quarter for ExlService (NASDAQ:EXLS)

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