LPL Financial LLC Has $7.76 Million Position in ExlService Holdings, Inc. (NASDAQ:EXLS)

LPL Financial LLC boosted its position in shares of ExlService Holdings, Inc. (NASDAQ:EXLS) by 5.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 170,516 shares of the business services provider’s stock after buying an additional 9,217 shares during the quarter. LPL Financial LLC’s holdings in ExlService were worth $7,764,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of EXLS. Mather Group LLC. acquired a new position in shares of ExlService during the fourth quarter valued at $25,000. Kestra Investment Management LLC acquired a new position in ExlService during the 4th quarter valued at about $26,000. USA Financial Formulas bought a new position in shares of ExlService in the 4th quarter valued at about $58,000. VisionPoint Advisory Group LLC bought a new position in shares of ExlService in the 4th quarter valued at about $58,000. Finally, UMB Bank n.a. grew its position in shares of ExlService by 17.6% during the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock worth $85,000 after buying an additional 288 shares during the period. 92.92% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a research note on Sunday, February 2nd. Stifel Nicolaus raised their price objective on ExlService from $48.00 to $54.00 and gave the stock a “buy” rating in a research note on Thursday, February 27th. Needham & Company LLC lifted 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, Jefferies Financial Group increased 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 seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $48.86.

ExlService Trading Down 7.0 %

ExlService stock opened at $42.86 on Friday. ExlService Holdings, Inc. has a one year low of $28.59 and a one year high of $52.43. The company has a market cap of $6.96 billion, a price-to-earnings ratio of 37.60, a P/E/G ratio of 2.11 and a beta of 0.91. The company has a debt-to-equity ratio of 0.37, a current ratio of 3.02 and a quick ratio of 3.02. The firm has a 50-day moving average of $48.48 and a 200-day moving average of $45.13.

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

Insider Transactions at ExlService

In other news, CFO Maurizio Nicolelli sold 13,753 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $49.14, for a total value of $675,822.42. Following the completion of the sale, the chief financial officer now owns 194,440 shares of the company’s stock, valued at approximately $9,554,781.60. The trade was a 6.61 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed 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 transaction 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. The trade was a 10.06 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 47,351 shares of company stock worth $2,337,284. 4.16% of the stock is owned by company insiders.

ExlService Company 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.