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) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 5,491 shares of the business services provider’s stock, valued at approximately $244,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Mather Group LLC. bought a new position in ExlService during the 4th quarter worth $25,000. Kestra Investment Management LLC acquired a new stake in shares of ExlService in the 4th quarter valued at $26,000. VisionPoint Advisory Group LLC acquired a new stake in shares of ExlService in the 4th quarter valued at $58,000. USA Financial Formulas acquired a new stake in shares of ExlService in the 4th quarter valued at $58,000. Finally, UMB Bank n.a. boosted its holdings in shares of ExlService by 17.6% in the 4th quarter. UMB Bank n.a. now owns 1,926 shares of the business services provider’s stock valued at $85,000 after purchasing an additional 288 shares in the last quarter. Institutional investors own 92.92% of the company’s stock.

Insiders Place Their Bets

In other ExlService news, EVP Anita Mahon sold 10,558 shares of ExlService stock in a transaction dated 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 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Ajay Ayyappan sold 1,865 shares of ExlService stock in a transaction dated Friday, February 28th. The stock was sold at an average price of $48.32, for a total value of $90,116.80. Following the transaction, the executive vice president now directly owns 40,986 shares in the company, valued at $1,980,443.52. The trade was a 4.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,351 shares of company stock valued at $2,337,284. 4.16% of the stock is currently owned by company insiders.

ExlService Trading Down 0.2 %

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. ExlService Holdings, Inc. has a twelve month low of $28.16 and a twelve month high of $52.43. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 40.65, a price-to-earnings-growth ratio of 2.11 and a beta of 1.10. The business’s fifty day moving average is $48.69 and its 200 day moving average is $44.38.

ExlService (NASDAQ:EXLS) last announced its earnings results on Tuesday, February 25th. The business services provider reported $0.34 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.08). The company had revenue of $481.43 million for the quarter, compared to analyst estimates of $475.68 million. ExlService had a return on equity of 23.23% and a net margin of 10.61%. As a group, sell-side analysts expect that ExlService Holdings, Inc. will post 1.27 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EXLS. Needham & Company LLC raised their target price on ExlService from $50.00 to $60.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Jefferies Financial Group raised their target price on ExlService from $47.00 to $57.00 and gave the company a “buy” rating in a report on Tuesday, January 21st. Stifel Nicolaus raised their target price on ExlService from $48.00 to $54.00 and gave the company a “buy” rating in a report on Thursday, February 27th. Finally, StockNews.com raised ExlService from a “hold” rating to a “buy” rating in a report on Sunday, February 2nd. One investment analyst has rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.38.

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.